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An update from Harbour Energy ( (GB:HBR) ) is now available.
Harbour Energy PLC has executed a share buyback program, purchasing 254,925 of its ordinary shares for cancellation. This move reduces the total number of shares in circulation to 1,439,050,213, potentially impacting shareholder interests and aligning with regulatory requirements under the Financial Conduct Authority’s rules.
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 on oil and gas exploration and production. The company is engaged in developing and managing energy resources, with a market focus on enhancing shareholder value through strategic initiatives such as share buyback programs.
Average Trading Volume: 2,837,936
Technical Sentiment Signal: Hold
Current Market Cap: £4.02B
See more data about HBR stock on TipRanks’ Stock Analysis page.