Harbour Energy (HBR)

Sector:

Energy Producers

Index:

FTSE 250

 267.80p
   
  • Change Today:
      0.000p
  • 52 Week High: 330.00
  • 52 Week Low: 218.30
  • Currency: UK Pounds
  • Shares Issued: 1,440.11m
  • Volume: 0
  • Market Cap: £3,856.61m
  • RiskGrade: 162
  • Beta: 1.37

Harbour Energy holds production guidance as weak prices hit 2023 profits

By Frank Prenesti

Date: Thursday 07 Mar 2024

LONDON (ShareCast) - (Sharecast News) - North Sea oil and gas producer Harbour Energy on Thursday held production guidance for 2024 as it reported a sharp fall in annual profits on the back of lower output and weaker prices.
Pre-tax profit for 2023 slumped to $597m from £2.46bn a year earlier when surging energy prices provided a cash bonanza for the sector.

Production fell to 186,000 barrels of oil equivalent per day from 208kboepd. Harbour said it still expected to produce 150-165 kboepd with production to end February of around 172 kboepd.

Free cash flow is expected to be marginally positive in 2024, after estimated cash tax of $1bn, assuming commodity prices of $85 a barrel for Brent crude oil and reduced UK gas prices of 70p/therm.

Reporting by Frank Prenesti for Sharecast.com

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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 267.80p
Change Today 0.000p
% Change 0.00 %
52 Week High 330.00
52 Week Low 218.30
Volume 0
Shares Issued 1,440.11m
Market Cap £3,856.61m
Beta 1.37
RiskGrade 162

Harbour Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
14.40% above the market average14.40% above the market average14.40% above the market average14.40% above the market average14.40% above the market average
97.1% below the sector average97.1% below the sector average97.1% below the sector average97.1% below the sector average97.1% below the sector average
Price Trend
4.82% below the market average4.82% below the market average4.82% below the market average4.82% below the market average4.82% below the market average
49.33% above the sector average49.33% above the sector average49.33% above the sector average49.33% above the sector average49.33% above the sector average
Income
78.62% above the market average78.62% above the market average78.62% above the market average78.62% above the market average78.62% above the market average
53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average
Growth
61.40% above the market average61.40% above the market average61.40% above the market average61.40% above the market average61.40% above the market average
39.13% above the sector average39.13% above the sector average39.13% above the sector average39.13% above the sector average39.13% above the sector average

What The Brokers Say

Strong Buy 5
Buy 2
Neutral 0
Sell 1
Strong Sell 0
Total 8
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Harbour Energy Dividends

  Latest Previous
  Interim Final
Ex-Div 15-Aug-24 11-Apr-24
Paid 25-Sep-24 22-May-24
Amount 13.00¢ 13.00¢

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

Harbour Energy Key Personnel

CFO Alexander Krane
CEO Linda Cook

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