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An update from Harbour Energy ( (GB:HBR) ) is now available.
Harbour Energy PLC has executed a share buyback program, purchasing 480,461 of its ordinary shares for cancellation, as part of its ongoing strategy to manage its capital structure. This move reduces the total number of shares in issue to 1,417,800,955, potentially impacting shareholder interests and aligning with regulatory compliance under the Financial Conduct Authority’s rules.
The most recent analyst rating on (GB:HBR) stock is a Buy with a £272.00 price target. To see the full list of analyst forecasts on Harbour Energy stock, see the GB:HBR Stock Forecast page.
Spark’s Take on GB:HBR Stock
According to Spark, TipRanks’ AI Analyst, GB:HBR is a Neutral.
Harbour Energy’s overall score is driven by strong earnings call performance, highlighting operational gains and cash flow improvements. Financial performance shows revenue growth but is hindered by profitability challenges. Technical analysis indicates potential resistance, and valuation is mixed with a negative P/E but high dividend yield.
To see Spark’s full report on GB:HBR stock, click here.
More about Harbour Energy
Harbour Energy PLC operates in the energy sector, focusing primarily on oil and gas exploration and production. The company is engaged in the development and extraction of hydrocarbon resources, aiming to enhance its market position in the global energy industry.
Average Trading Volume: 3,090,087
Technical Sentiment Signal: Hold
Current Market Cap: £3.58B
See more insights into HBR stock on TipRanks’ Stock Analysis page.