Harbour Energy plc (OTCMKTS:HBRIY – Get Rating) saw a large drop in short interest in March. As of March 31st, there was short interest totalling 12,800 shares, a drop of 14.7% from the March 15th total of 15,000 shares. Based on an average daily volume of 5,900 shares, the short-interest ratio is currently 2.2 days.
Analyst Upgrades and Downgrades
A number of research firms recently commented on HBRIY. Barclays lowered their target price on shares of Harbour Energy from GBX 520 ($6.43) to GBX 450 ($5.57) in a research note on Monday, March 13th. Berenberg Bank lowered their target price on shares of Harbour Energy from GBX 320 ($3.96) to GBX 290 ($3.59) in a research note on Tuesday, April 11th.
Get Harbour Energy alerts:Harbour Energy Stock Performance
HBRIY traded down $0.29 during trading on Wednesday, reaching $2.93. 1,553 shares of the company's stock were exchanged, compared to its average volume of 7,405. Harbour Energy has a 1 year low of $2.81 and a 1 year high of $6.77. The company's fifty day simple moving average is $3.46 and its 200-day simple moving average is $3.93.
Harbour Energy Increases Dividend
The firm also recently declared a dividend, which will be paid on Monday, June 5th. Shareholders of record on Monday, April 17th will be given a dividend of $0.1056 per share. The ex-dividend date of this dividend is Friday, April 14th. This is a positive change from Harbour Energy's previous dividend of $0.10. This represents a yield of 5.57%.
Harbour Energy Company Profile
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Harbour Energy Plc is an oil and gas company, which engages in the acquisition, exploration, development, and production of oil and gas reserves and related activities. It operates through North Sea and International segments. The North Sea segment includes the UK and Norwegian Continental Shelves. The International segment focuses in the s Indonesia, Vietnam and Mexico.
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