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Harbour Energy Cancels Additional Shares Under Ongoing Buyback Programme

Story Highlights
  • Harbour Energy repurchased 590,256 ordinary shares for cancellation under its ongoing buyback programme.
  • Total shares in issue fall to about 1.41 billion, as buybacks reach 31.8 million shares, potentially enhancing shareholder value.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Harbour Energy Cancels Additional Shares Under Ongoing Buyback Programme

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Harbour Energy ( (GB:HBR) ) just unveiled an update.

Harbour Energy has repurchased 590,256 of its ordinary shares for cancellation as part of the share buyback programme launched in August 2025, paying a volume-weighted average price of £1.9993 per share in the latest transaction. Following this purchase and cancellation, Harbour’s share capital will consist of 1,408,328,585 ordinary shares in issue, and the company has now bought back a total of 31,794,173 shares under the programme, a move that reduces the number of shares outstanding and may support earnings per share and capital returns for investors while requiring some shareholders to review disclosure obligations under UK transparency 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 Neutral.

Harbour Energy’s overall stock score is driven by strong operational performance and strategic initiatives like share buybacks, which enhance shareholder value. However, the negative P/E ratio and bearish technical indicators weigh on the score. The high dividend yield and positive earnings call sentiment provide some support, but profitability challenges remain a concern.

To see Spark’s full report on GB:HBR stock, click here.

More about Harbour Energy

Harbour Energy plc is a UK-listed oil and gas company engaged in the exploration, development and production of hydrocarbons, with its ordinary shares traded on the London Stock Exchange. The company focuses on upstream energy operations and actively manages its capital structure, including through the use of share buyback programmes to return capital to shareholders and adjust its equity base.

Average Trading Volume: 3,245,545

Technical Sentiment Signal: Sell

Current Market Cap: £3.3B

For detailed information about HBR stock, go to TipRanks’ Stock Analysis page.

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