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Harbour Energy ( (GB:HBR) ) has provided an update.
Harbour Energy PLC, a company involved in the energy sector, has announced the purchase and cancellation of 208,181 of its ordinary shares as part of its ongoing share buyback program. This transaction reduces the total number of ordinary shares in issue to 1,430,145,298. The buyback program, which has seen a total of 9,970,893 shares purchased for cancellation, aims to optimize the company’s capital structure, potentially impacting shareholder value and market perception.
The most recent analyst rating on (GB:HBR) stock is a Hold with a £1.95 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
Average Trading Volume: 3,165,898
Technical Sentiment Signal: Sell
Current Market Cap: £3.59B
Learn more about HBR stock on TipRanks’ Stock Analysis page.