Harbour Energy Shares Sink to Record Low After Profit Hit by U.K. Windfall Tax
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 06 2025
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Source: WSJ
Harbour Energy's Financial Performance: Harbour Energy reported a loss for 2024, significantly impacted by the U.K.'s energy profits levy, leading to a sharp decline in its share price.
Share Price Decline: The company's shares fell by 12% to a record low of 187.65 pence, marking an 18.5% decrease year-to-date.
Analyst Views on HBR
Wall Street analysts forecast HBR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HBR is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 14.783
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Current: 14.783
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
