Harbour Energy Cancels Further Shares Under Ongoing Buyback Programme

An announcement from Harbour Energy ( (GB:HBR) ) is now available.

Harbour Energy has continued execution of its previously announced share buyback programme, repurchasing 589,626 ordinary shares on 5 January 2026 on the London Stock Exchange for cancellation at a volume-weighted average price of £1.9802 per share. Following this latest transaction, the company’s share capital will comprise 1,407,738,959 ordinary shares in issue, and it has now cancelled a cumulative 32,383,799 shares under the programme, a move that incrementally reduces the free float and may enhance earnings per share and capital returns for remaining shareholders while requiring some investors to review their disclosure thresholds 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 an independent oil and gas company listed in London, focused on exploration, development and production activities, primarily in the UK Continental Shelf and other international hydrocarbon basins, serving energy markets through upstream production of hydrocarbons.

Average Trading Volume: 3,245,545

Technical Sentiment Signal: Sell

Current Market Cap: £3.3B

Learn more about HBR stock on TipRanks’ Stock Analysis page.