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Harbour Energy ( (GB:HBR) ) has shared an announcement.
Harbour Energy PLC has executed a share buyback program, purchasing 207,849 of its ordinary shares for cancellation, as part of a previously announced initiative. This transaction reduces the total number of shares in issue to 1,438,328,238, potentially impacting shareholder interests and market perception of the company’s financial strategies.
The most recent analyst rating on (GB:HBR) stock is a Buy with a £3.60 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 reflects strong operational performance and positive corporate actions, such as share buybacks and increased production. However, profitability challenges and valuation concerns due to a negative P/E ratio weigh on the score. The technical indicators suggest bullish momentum, but caution is advised due to overbought conditions.
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 primarily on the exploration and production of oil and gas. The company is engaged in various activities related to the extraction and sale of hydrocarbons, serving a global market with a focus on sustainable and efficient energy solutions.
Average Trading Volume: 3,131,194
Technical Sentiment Signal: Hold
Current Market Cap: £3.84B
See more insights into HBR stock on TipRanks’ Stock Analysis page.