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Harbour Energy ( (GB:HBR) ) has issued an update.
Harbour Energy PLC has announced the purchase and cancellation of 284,330 of its ordinary shares as part of its ongoing share buyback programme. This move reduces the total number of shares in issue to 1,437,234,567, 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 £247.00 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 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. It is involved in the acquisition, development, and operation of oil and gas assets, with a market focus on maximizing shareholder value through strategic investments and operational efficiency.
Average Trading Volume: 3,279,813
Technical Sentiment Signal: Hold
Current Market Cap: £3.87B
For a thorough assessment of HBR stock, go to TipRanks’ Stock Analysis page.