Added to YB: 2025-05-05
Pitch date: 2025-05-01
HBR.L [bullish]
Harbour Energy plc
+38.7%
current return
Author Info
The Oak Bloke shares analysis of the UK stock market, particularly overlooked small caps. Sign up for the newsletter.
Company Info
Harbour Energy plc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and gas reserves in Norway, the United Kingdom, Germany, Mexico, Argentina, North Africa, and Southeast Asia.
Market Cap
GBP 5.0B
Pitch Price
GBP 1.48
Price Target
N/A
Dividend
8.74%
EV/EBITDA
1.74
P/E
-12.65
EV/Sales
1.18
Sector
Oil, Gas and Consumable Fuels
Category
value
Will it, can it find safe HBR?
HBR.L: Unfairly cast off at 3.5x P/E; post-Wintershall Dea acquisition transforms 2025 outlook with £1.06 EPS forecast at conservative $66/bbl oil. FCF of $640M-$1.5B (P/FCF ~1.6x) despite 56.6% UK tax rate. 450kboepd production to 2030, diversified across UK (35%), Norway (35%), Argentina (growing). Trading at 50% NAV discount, £3,812 per flowing BOE generating £1,706 annually.
Read full article (7 min)