Harbour Energy (HBR)

Sector:

Energy Producers

Index:

FTSE 250

398.80p
   
  • Change Today:
    -2.80p
  • 52 Week High: 647.20
  • 52 Week Low: 310.10
  • Currency: UK Pounds
  • Shares Issued: 925.53m
  • Volume: 1,939,777
  • Market Cap: £3,691.02m
  • RiskGrade: 162
  • Beta: 1.79

Barclays restarts coverage of Harbour Energy at 'overweight'

By Alexander Bueso

Date: Thursday 01 Apr 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Barclays restarted coverage of Harbour Energy with a recommendation to 'Overweight', pointing to the outfit's cash generation and expected payouts as part of the rational behind their stance.
Barclays also said that Harbour Energy, previously known as Premier Oil, had the "scale, breadth and balance sheet needed to be an attractive investment proposition in what remains a structurally challenged Energy sub-sector."

On their estimates, at an oil price of $60 per barrel, the UK's biggest oil and gas producer would be able to generate free cash flow of over $1.1bn in 2022.

That would be enough for the firm strengthen its balance sheet, enhance its portfolio and meet its targeted shareholder returns.

For the 2021 financial year, the broker's analysts had penciled-in a dividend of 1.0p per share or approximately $240m, putting the shares on a dividend yield of about 4%.

Their target price for Harbour Energy was 30.0p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Harbour Energy Market Data

Currency UK Pounds
Share Price 398.80p
Change Today -2.80p
% Change -0.70 %
52 Week High 647.20
52 Week Low 310.10
Volume 1,939,777
Shares Issued 925.53m
Market Cap £3,691.02m
Beta 1.79
RiskGrade 162

Harbour Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
3.36% above the market average3.36% above the market average3.36% above the market average3.36% above the market average3.36% above the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
69.86% below the market average69.86% below the market average69.86% below the market average69.86% below the market average69.86% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Income
39.35% below the market average39.35% below the market average39.35% below the market average39.35% below the market average39.35% below the market average
40% below the sector average40% below the sector average40% below the sector average40% below the sector average40% below the sector average
Growth Not Available

What The Brokers Say

Strong Buy 8
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 9
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Harbour Energy Dividends

No dividends found

Trades for 03-Dec-2021

Time Volume / Share Price
16:38 2,002 @ 398.80p
16:38 498 @ 398.80p
16:35 343,498 @ 398.80p
16:29 4 @ 395.80p
16:29 809 @ 396.00p

Harbour Energy Key Personnel

CFO Alexander Krane
CEO Linda Cook

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