Professional
Added to YB: 2025-01-27
Pitch date: 2025-01-25
HBR.L [bullish]
Harbour Energy plc
-8.54%
current return
Author Info
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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 2.25
Price Target
3.80 (+85%)
Dividend
8.74%
EV/EBITDA
1.74
P/E
-12.65
EV/Sales
1.18
Sector
Oil, Gas and Consumable Fuels
Category
dividend
Harbour Energy: One of the most interesting stories in energy
HBR.L: Barclays OW, PT 380p. 25% FCF yield 2025-27E at $75/bl. Post-Wintershall deal: diverse global E&P, improved debt profile. 9% div yield. Mgmt focus on integration, cost synergies, capital allocation. Potential for further M&A. UK now 30% of volumes. Upside case 525p at 13.5% FCF yield.
Read full article (5 min)