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Harbour Energy ( (GB:HBR) ) has issued an announcement.
Harbour Energy PLC announced the purchase and cancellation of 317,867 ordinary shares as part of its ongoing share buyback program. This move reduces the total number of shares in issue to 1,432,386,306, potentially impacting shareholder interests and aligning with regulatory requirements under the Financial Conduct Authority’s rules.
The most recent analyst rating on (GB:HBR) stock is a Buy with a £3.80 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 Outperform.
Harbour Energy’s strong operational performance and cash flow generation are significant strengths, supported by positive technical indicators. However, profitability challenges and a negative P/E ratio weigh on the valuation. The earnings call provided a positive outlook, but highlighted some operational risks.
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 on oil and gas exploration and production. The company engages in the development and extraction of hydrocarbons, with a market focus on maximizing resource recovery and efficiency in its operations.
Average Trading Volume: 3,308,094
Technical Sentiment Signal: Hold
Current Market Cap: £3.66B
Find detailed analytics on HBR stock on TipRanks’ Stock Analysis page.