Harbour Energy plc (LON:HBR) to Issue Dividend of $0.13

Harbour Energy plc (LON:HBR) announced a dividend on Thursday, August 8th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, August 15th will be given a dividend of $0.13 per share on Wednesday, September 25th. This represents a yield of 3.6%. The ex-dividend date is Thursday, August 15th. The official announcement can be accessed at this link.

Harbour Energy Price Performance

HBR traded up GBX 0.60 ($0.01) during midday trading on Wednesday, hitting GBX 290.60 ($3.71). The company had a trading volume of 3,340,711 shares, compared to its average volume of 2,464,766. The company has a market capitalization of £2.22 billion, a PE ratio of 9,605.17, a P/E/G ratio of 0.04 and a beta of -0.21. The company has a debt-to-equity ratio of 76.75, a quick ratio of 0.33 and a current ratio of 0.82. The firm’s 50-day simple moving average is GBX 303.24 and its 200-day simple moving average is GBX 289.30. Harbour Energy has a twelve month low of GBX 210.50 ($2.69) and a twelve month high of GBX 333.90 ($4.26).

Analysts Set New Price Targets

Several research firms have recently weighed in on HBR. Canaccord Genuity Group lifted their price objective on Harbour Energy from GBX 360 ($4.60) to GBX 385 ($4.92) and gave the company a “buy” rating in a report on Thursday, July 11th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 350 ($4.47) price target on shares of Harbour Energy in a report on Thursday, April 18th.

Insider Transactions at Harbour Energy

In other news, insider Linda Cook sold 5,702 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of GBX 313 ($4.00), for a total transaction of £17,847.26 ($22,787.61). 34.42% of the stock is currently owned by corporate insiders.

About Harbour Energy

Harbour Energy plc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and gas reserves. The company holds interests in various properties located in the United Kingdom, Norwegian Continental Shelves, Indonesia, Vietnam, and Mexico. It is also involved in the decommissioning, financing, gas trading, and risk mitigation activities.