Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Harbour Energy ( (GB:HBR) ) has shared an update.
Harbour Energy PLC has executed a share buyback programme, purchasing a total of 550,805 ordinary shares for cancellation, as part of its ongoing strategy to manage its capital structure. This move reduces the total number of shares in circulation to 1,413,436,890, 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 £320.00 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 operates in the energy sector, focusing on the exploration, development, and production of oil and natural gas. The company aims to maintain a strong presence in the global energy market by optimizing its operations and financial strategies.
Average Trading Volume: 3,068,641
Technical Sentiment Signal: Sell
Current Market Cap: £3.41B
Find detailed analytics on HBR stock on TipRanks’ Stock Analysis page.