Harbour Energy HBR.L
United KingdomEnergy · Oil & Gas E&PLondon Stock Exchange · GBP
3.47 GBP (+29.2%)
11 analysts
Trading 2120.30 €Open account ↗
Trade Republic1.00 €Open account ↗
XTB1.00 €affiliateOpen account ↗XTB1.00 €★ featured · affiliateOpen account ↗Trading 2120.30 €Open account ↗Trade Republic1.00 €Open account ↗XTB1.00 €★ featured · affiliateOpen account ↗200.00 € order · cheapest cheapest available in your country iCompare all 22 brokers →What does it do?
Harbour Energy is an independent oil and gas producer focused on the UK North Sea, with exploration, development, and production operations.
Listed on London Stock Exchange · Symbol HBR.L · LON: HBR · Currency GBP
Key points
from its scores- ✓Favourable backdrop9.1
- ✓Attractive valuation8.0
- ✓Strong growth7.9
- ✕Little or no dividend4.5
AI analysis
bottom line, main risk, context and newsValuation is attractive and the balance sheet is solid, but growth may be at a cyclical peak and the dividend is not covered by earnings.
Harbour Energy has solid financial health (ND/EBITDA 0.81) and an attractive valuation (EV/EBITDA 1.53, FCF yield 90.21%), with an operating margin of 42.46% and an ROIC of 34.87%. Revenue growth of 21.60% is strong, but the payout ratio of 131.87% and a P/E of 22.40 are weak points. The main risk is crude price volatility and the potential reversal of the geopolitical premium.
Exposure to crude oil and gas price volatility, especially the potential reversal of the Hormuz geopolitical premium, which could compress margins and growth.
Context and risks
Harbour Energy is an oil and gas producer based in the United Kingdom, a country with solid institutions and minority shareholder protection, so governance risk is moderate. Its main exposure is to crude oil and gas price volatility, and the potential reversal of the Hormuz geopolitical premium, which could compress margins if prices fall. The regulatory risk of the North Sea fiscal regime is a factor to watch, but there is no recent news triggering it.
Is Harbour Energy stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 19% below the Energy median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 22.4 | 15.7 | +43% |
| EV / EBITDA | 1.5 | 8.0 | −81% |
| Price / book | 0.9 | 2.2 | −62% |
| Price / sales | 0.5 | 1.9 | −76% |
Sector: median of the 102 Energy companies analysed. In bold, the multiples used for the comparison.
Valuation score: 8.0 out of 10 (median for Energy: 5.9).
Average analyst target: 3.47 GBP, +29.2% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 7.0 (sector 6.8), Growth 7.9 (sector 7.2).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Energy medianValuation
- P/E
- 22.4
- Forward P/E
- 5.0
- EV / EBITDA
- 1.5
- Price / book
- 0.9
- Price / sales
- 0.5
- Market cap
- 4.0B GBP
- Enterprise value
- 11.3B USD
Profitability
- ROE
- 6.5%
- ROA
- 8.2%
- ROIC (approx.)
- 34.9%
- Gross margin
- 46.5%
- Operating margin
- 42.5%
- Net margin
- 2.9%
- Free cash flow
- 4.8B USD
- FCF yield
- 90.2%
- Cash conversion
- 65%
Solvency
- Total debt
- 7.7B USD
- Net debt
- 6.0B USD
- Cash
- 1.7B USD
- EBITDA
- 7.4B USD
- Net debt / EBITDA
- 0.81
- Debt / equity
- 115.50
- Current ratio
- 0.70
- Quick ratio
- 0.59
Growth
- Revenue growth
- +21.6%
- EPS (TTM)
- 0.12 GBP
- EPS (forward)
- 0.54 GBP
Dividend
- Dividend yield
- 4.5%
- Payout
- 131.9%
Risk and market
- Beta
- −0.30
- Analyst consensus
- Buy (11)
- Target price
- 3.47 GBP
Recent news
All HBR.L news →Compare it with its sector
All 102 in Energy →Frequently asked questions about Harbour Energy
Is Harbour Energy stock cheap or expensive?
On P/E and EV / EBITDA, it trades 19% below the Energy median on average. Valuation score: 8.0 out of 10 (median for Energy: 5.9). Average analyst target: 3.47 GBP, +29.2% versus the price. This is not investment advice.
What score does Harbour Energy get on MeridIAn Screener?
It scores 7.4 out of 10, rank 65 of 2,130 (better than 97% of the companies analysed). Its strongest category is Risk & Context (9.1) and its weakest, Dividend (4.5). Analysis of 08/10/2026.
What is Harbour Energy's P/E ratio?
Its P/E is 22.4: the share price equals 22.4 times earnings per share over the last 12 months. The Energy median is 15.7. Based on the earnings analysts expect, the forward P/E is 5.0.
How much is Harbour Energy worth on the stock market?
Its market capitalisation is 4.0B GBP and its enterprise value, debt included, is 11.3B GBP.
How much debt does Harbour Energy have?
Its net debt (debt minus cash) is 6.0B USD. That is 0.81 times its EBITDA; the Energy median is 1.23.
Does Harbour Energy pay a dividend?
Yes: its dividend yield is 4.46% and it pays out 132% of its earnings.
How has Harbour Energy stock performed over the last year?
It has risen 33.8% over the last year, excluding dividends. Over the last 52 weeks it has traded between 0.00 and 3.21 GBP. Past performance does not guarantee future results.
What do analysts think of Harbour Energy?
11 analysts cover it; their average recommendation is “Buy” and their average target is 3.47 GBP (+29.2% versus the price). It is an estimate, not market data.