Harbour Energy (HBR)

Sector:

Energy Producers

Index:

FTSE 250

307.80p
   
  • Change Today:
      4.90p
  • 52 Week High: 316.90
  • 52 Week Low: 218.30
  • Currency: UK Pounds
  • Shares Issued: 770.38m
  • Volume: 1,838,322
  • Market Cap: £2,371.21m
  • RiskGrade: 162

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 307.80p
Change Today 4.90p
% Change 1.62 %
52 Week High 316.90
52 Week Low 218.30
Volume 1,838,322
Shares Issued 770.38m
Market Cap £2,371.21m
RiskGrade 162

Harbour Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
21.27% above the market average21.27% above the market average21.27% above the market average21.27% above the market average21.27% above the market average
92.11% below the sector average92.11% below the sector average92.11% below the sector average92.11% below the sector average92.11% below the sector average
Price Trend
47.95% above the market average47.95% above the market average47.95% above the market average47.95% above the market average47.95% above the market average
75.31% above the sector average75.31% above the sector average75.31% above the sector average75.31% above the sector average75.31% above the sector average
Income
72.04% above the market average72.04% above the market average72.04% above the market average72.04% above the market average72.04% above the market average
5.88% below the sector average5.88% below the sector average5.88% below the sector average5.88% below the sector average5.88% below the sector average
Growth
51.18% above the market average51.18% above the market average51.18% above the market average51.18% above the market average51.18% above the market average
30.77% below the sector average30.77% below the sector average30.77% below the sector average30.77% below the sector average30.77% below the sector average

What The Brokers Say

Strong Buy 5
Buy 2
Neutral 1
Sell 1
Strong Sell 0
Total 9
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 16-May-2024

Time Volume / Share Price
16:37 2,173 @ 307.80p
16:35 1,973 @ 307.80p
16:35 1,303,399 @ 307.80p
16:35 387 @ 307.80p
16:35 1,025 @ 307.80p

Harbour Energy Key Personnel

CFO Alexander Krane
CEO Linda Cook

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