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An update from Harbour Energy ( (GB:HBR) ) is now available.
Harbour Energy has been appointed operator of the Zama oil project offshore Mexico, following agreement by partners Pemex, Grupo Carso and Talos Energy, and subsequent approval by Mexico’s Ministry of Energy. The Zama field, discovered in 2017 and appraised in 2018–2019, is estimated to contain around 750 million barrels of oil equivalent of gross recoverable resources, with engineering and design work scheduled for 2026 ahead of a final investment decision. Harbour’s new role at Zama, together with its operatorship of the nearby Kan oil field, strengthens its strategic position in Mexico and is expected to materially boost both Mexico’s domestic energy supply and Harbour’s future production profile, while complementing its broader expansion in offshore oil assets, including its planned acquisition of LLOG Exploration in the United States.
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 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 is an independent oil and gas company with a growing offshore portfolio, including significant operated oil projects in Mexico such as the Zama and Kan fields. The company holds a 32.22% operated interest in Zama alongside partners Pemex and Talos Energy, and a 70% interest in the Kan oil field with partner TotalEnergies, while also expanding in the United States through the planned acquisition of LLOG Exploration Company.
Average Trading Volume: 3,227,678
Technical Sentiment Signal: Sell
Current Market Cap: £3.26B
Find detailed analytics on HBR stock on TipRanks’ Stock Analysis page.