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Harbour Energy ( (GB:HBR) ) has provided an update.
Harbour Energy PLC has executed a share buyback program, purchasing 291,787 of its ordinary shares for cancellation, as part of a previously announced initiative. This move reduces the total number of shares in circulation to 1,433,875,015, potentially impacting shareholder interests and aligning with regulatory requirements under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
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 Outperform.
Harbour Energy’s strong operational performance and cash flow generation are significant strengths, supported by positive technical indicators. However, profitability challenges and a negative P/E ratio weigh on the valuation. The earnings call provided a positive outlook, but highlighted some operational risks.
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 operations and financial initiatives.
Average Trading Volume: 3,338,755
Technical Sentiment Signal: Hold
Current Market Cap: £3.71B
Find detailed analytics on HBR stock on TipRanks’ Stock Analysis page.