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Harbour Energy ( (GB:HBR) ) just unveiled an announcement.
Harbour Energy PLC has announced the repurchase and cancellation of 232,974 of its ordinary shares as part of its ongoing share buyback program. This initiative, which has seen the company buy back a total of 18,288,737 shares to date, aims to reduce the number of shares in circulation, potentially increasing the value of remaining shares and providing a return to shareholders. The current transaction leaves the company with a total of 1,421,827,454 ordinary shares in issue, which may affect shareholder notifications under regulatory guidelines.
The most recent analyst rating on (GB:HBR) stock is a Hold with a £229.00 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 score is driven by strong earnings call performance, highlighting operational gains and cash flow improvements. Financial performance shows revenue growth but is hindered by profitability challenges. Technical analysis indicates potential resistance, and valuation is mixed with a negative P/E but high dividend yield.
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 primarily on oil and gas exploration and production. The company is engaged in activities that span the entire value chain of the energy industry, from exploration and extraction to production and distribution.
Average Trading Volume: 3,961,824
Technical Sentiment Signal: Hold
Current Market Cap: £3.74B
See more insights into HBR stock on TipRanks’ Stock Analysis page.