Harbour Energy (HBR)

Sector:

Energy Producers

Index:

FTSE 250

307.50p
   
  • Change Today:
    -1.80p
  • 52 Week High: 330.00p
  • 52 Week Low: 218.30p
  • Currency: UK Pounds
  • Shares Issued: 770.38m
  • Volume: 1,330,269
  • Market Cap: £2,368.92m
  • RiskGrade: 162

Harbour Energy making 'good progress' on Wintershall takeover

By Abigail Townsend

Date: Friday 31 May 2024

LONDON (ShareCast) - (Sharecast News) - Harbour Energy said on Friday its blockbuster $11.2bn acquisition of Wintershall Dea's non-Russian oil and gas assets remained on track, with publication of the deal prospectus expected shortly.
In a brief update, the North Sea oil and gas producer - the UK's largest - said it was making "good progress" on concluding both the prospectus and shareholder circular.

The documents were in the final stages of preparation, it noted, with publication likely "in the coming weeks".

The shareholder vote on the deal will then be held.

Harbour concluded: "All regulatory, anti-trust and foreign direct investment approvals required for completion continue to progress as planned, and Harbour continues to expect to complete the acquisition during the fourth quarter of 2024."

As at 0915 BST, shares in Harbour were up 1% at 324.9p.

Harbour agreed to acquire the much larger business in a share and cash deal with Germany's BASF and investment firm LetterOne, Wintershall Dea's owners, last December.

The blockbuster deal will transform Harbour from a UK-focused producer with a market value of around £2bn to a global player with projects across multiple countries.

The deal includes Wintershall's oil and gas fields in Germany, Norway, Mexico and Egypt, among others.

Harbour's oil and gas production is forecast to rise from around 190,000 barrels per day to more than 500,000 per day following completion.

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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 307.50p
Change Today -1.80p
% Change -0.58 %
52 Week High 330.00p
52 Week Low 218.30p
Volume 1,330,269
Shares Issued 770.38m
Market Cap £2,368.92m
RiskGrade 162

Harbour Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
27.43% above the market average27.43% above the market average27.43% above the market average27.43% above the market average27.43% above the market average
81.58% below the sector average81.58% below the sector average81.58% below the sector average81.58% below the sector average81.58% below the sector average
Price Trend
29.39% above the market average29.39% above the market average29.39% above the market average29.39% above the market average29.39% above the market average
54.43% above the sector average54.43% above the sector average54.43% above the sector average54.43% above the sector average54.43% above the sector average
Income
76.37% above the market average76.37% above the market average76.37% above the market average76.37% above the market average76.37% above the market average
Sector averageSector averageSector averageSector averageSector average
Growth
55.99% above the market average55.99% above the market average55.99% above the market average55.99% above the market average55.99% above the market average
2.04% above the sector average2.04% above the sector average2.04% above the sector average2.04% above the sector average2.04% 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
  Final Interim
Ex-Div 11-Apr-24 07-Sep-23
Paid 22-May-24 18-Oct-23
Amount 13.00¢ 12.00¢

Trades for 12-Jul-2024

Time Volume / Share Price
16:35 589,379 @ 307.50p
16:35 2,611 @ 307.50p
16:35 4,136 @ 307.50p
16:35 2,566 @ 307.50p
16:35 4,198 @ 307.50p

Harbour Energy Key Personnel

CFO Alexander Krane
CEO Linda Cook

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