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The latest announcement is out from Harbour Energy ( (GB:HBR) ).
Harbour Energy PLC has executed a share buyback program, purchasing and canceling 482,480 ordinary shares at a volume-weighted average price of 2.0762 GBP per share. This move reduces the total number of shares in issue to 1,416,343,620, potentially impacting shareholder interests and market dynamics.
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 is a company operating in the energy sector, focusing on the exploration and production of oil and gas. The company is engaged in activities that span across various regions, aiming to deliver energy solutions while maintaining a strong market presence.
Average Trading Volume: 3,108,875
Technical Sentiment Signal: Sell
Current Market Cap: £3.46B
Find detailed analytics on HBR stock on TipRanks’ Stock Analysis page.