Harbour Energy Stock News
£2.68
4.63%
London, Sep 25, 04:35 pm BST.
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Harbour Energy Stock News
Harbour Energy's top shareholder BASF has once again reduced its stake in the British oil and gas producer, in what is the largest-ever block sale of Harbour shares, sending the stock down more than 3%.
Harbour Energy PLC (LSE:HBR) shares climbed 6.55%, changing hands at 247.8p, after the London-listed independent oiler launched a $250 million share buyback after record production and stronger commodity prices lifted first-half cash generation and prompted another upgrade to its 2026 outlook. Production averaged 509,000 barrels of oil equivalent per day, up 4% year on year, while revenue rose ...
British oil and gas producer Harbour Energy raised its annual free cash flow and production forecasts for the second time this year on Thursday after record first-half output and higher oil and gas prices.
BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL) led a broad decline among London-listed oil producers on Monday as crude prices retreated sharply from last week's highs.
An EIG-managed investment vehicle has exited its remaining stake in Harbour Energy PLC (LSE:HBR) after placing around £112 million of shares with institutional investors. Potomac View Investments, L.P.
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