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Harbour Energy ( (GB:HBR) ) just unveiled an announcement.
Harbour Energy PLC has executed a share buyback program, purchasing 511,369 of its ordinary shares for cancellation, as part of a previously announced initiative. This move reduces the total number of shares in issue to 1,414,896,509, potentially impacting shareholder interests and market perceptions of the company’s financial health.
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 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 on the exploration and production of oil and gas. The company is engaged in developing energy resources and has a market focus on enhancing shareholder value through strategic initiatives such as share buybacks.
Average Trading Volume: 3,062,254
Technical Sentiment Signal: Sell
Current Market Cap: £3.42B
See more insights into HBR stock on TipRanks’ Stock Analysis page.