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Harbour Energy plc (HBR.L)

Energy Balanced

Harbour Energy pumps oil and gas from the North Sea and beyond, selling fossil fuels to power homes and businesses.

£2.39
≈ 239p · London-listed shares are usually quoted in pence (GBX) elsewhere; the Almanac shows pounds (£1 = 100p).

Is Harbour Energy plc a good stock for a UK beginner?

The honest version: There's no rating here and nothing for sale. In its favour: Generates substantial top-line revenue from essential global commodities. Worth weighing: Negative net margins show that bottom-line profits can be elusive after expenses. Below, we lay out what it does, what its numbers mean, and the honest risks, so you can decide for yourself.

No rating · no target price · nothing for sale here
Price-23.6%
52-week range+21% past year
£2.39
Low £1.82High £3.21
Where today's price sits versus its past year - context, not a signal.
If you had put £1,000 into Harbour Energy plc
£764-24%

Over about 2 years to 2026-07-31. This is the share price only - reinvesting the dividends would add to it. Past performance is not a guide to the future, and it could just as easily have fallen.

How much has Harbour Energy plc actually fallen?

−52%

Over the last 2 years of daily prices, Harbour Energy plc fell as much as −52% from a high to a later low. Drops of this size are a normal part of owning a share - worth knowing in advance, so a dip doesn't come as a shock.

Worst peak-to-trough fall in the daily closing price over the period we hold. Past falls are not a forecast - it can fall further, or recover.

Market cap: The company's total value on the stock market - share price times the number of shares. Big = 'large-cap', small = 'small-cap'.
£3.76B
Avg volume: How many shares change hands on a typical day. Higher means it's easy to buy or exit without moving the price.
6.77M
Day range: The lowest and highest price the shares traded at during the latest day.
£2.34 – £2.41
52-week range: The lowest and highest the shares have traded over the past year - a sense of how wide the swings have been.
£1.82 – £3.21
Dividend yield: The yearly dividend as a percentage of the share price - roughly the income you'd earn from dividends alone.
6.6%
Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down.
-0.30
How bumpy is it?Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down. -0.30
Calm
Wild
Steadier than most

Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.

Why has it been moving?▲ +3% past week · ▲ +21% past year

Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.

The bull case

Prolonged high energy demand outpaces global fossil fuel supply.

The bear case

Rapid global transition to renewables permanently sidelines oil and gas.

What does Harbour Energy plc do?

Every time electricity is generated or a factory runs on gas, companies like Harbour Energy rake in cash by unearthing these commodities from beneath the seabed. They pocket money by selling barrels of oil and cubic metres of gas at market rates, though heavy costs and taxes sometimes eat up their net profits. The crucial thing to keep an eye on is how wildly global energy prices swing up and down.

VQGMI
Factor profile

On our factor screen it looks strongest on value and growth, and weakest on quality.

Value: How cheap the stock looks versus profits, sales and assets (higher = cheaper). 83Quality: How profitable and financially healthy the company is (higher = stronger). 26Growth: How fast revenue and earnings are growing (higher = faster). 80Momentum: How the share price has been trending recently (higher = stronger recent run). 40Income: The dividend income on offer and how sustainable it looks (higher = more/steadier). 49
Quick checks
What's strong
  • Value screens high (83/100)
  • Growth screens high (80/100)
  • Generates substantial top-line revenue from essential global commodities
  • Offers a noticeably high dividend yield for income-focused portfolios
  • Trades at a low multiple relative to its expected near-term earnings
What to watch
  • Quality screens low (26/100)
  • Sharp drops in global oil and gas prices can quickly squeeze cash flow
  • Politicians targeting the energy sector with extra windfall taxes
  • Operating complex offshore wells carries inherent technical and environmental dangers

What do Harbour Energy plc's numbers mean?

Forward P/E
6.4
This shows you are paying roughly six times the expected future yearly earnings, which looks low compared to many other types of businesses.
Lower than most of the 29 Energy shares we cover
Gross margin
45.8%
For every pound of gas and oil sold, nearly 46 pence remains after covering the direct costs of getting it out of the ground.
Around the middle of the 29 Energy shares we cover
Dividend yield
6.6%
The company shares a portion of its cash with investors, offering a chunky payout relative to its current share price.
Higher than most of the 29 Energy shares we cover
Revenue growth (yoy)
15.8%
Sales have grown by nearly sixteen percent over the past year, reflecting higher production or shifting energy prices.

Does Harbour Energy plc pay a dividend?

Yes - Harbour Energy plc currently pays a dividend of about 6.6% a year (the yearly payout as a share of the price). A dividend is a slice of profit handed to shareholders; the yield moves as the price moves, and a company can cut or stop it.

What do the numbers say about Harbour Energy plc's dividend?

There's no rating here, and we don't judge whether the dividend will continue - that would be advice. Here are the figures income investors usually look at, and what each one means, so you can weigh it up yourself.

Dividend yield6.6%The yearly dividend as a percentage of today's price. A very high figure often means the price has fallen because the market expects a cut, so a big yield is a question to look into, not a prize.
Payout ratio211%The share of profit paid out as dividends. A lower figure leaves headroom; near or above 100% means most or all of the profit is going out as dividends.
Dividend cover0.5×Profit divided by the dividend (the payout ratio the other way up). As a rough convention many income investors like around 2× or more; below 1× means the company paid out more than it earned that year.

Figures are from the latest available data and can be distorted by one-off results. Past payments don't predict future ones, and a dividend can be cut at any time. This lays out the numbers to help you understand them - it is not a view on what will happen.

When does Harbour Energy plc report earnings, and how did recent quarters go?

Harbour Energy plc is next scheduled to report on about 2026-08-06 - dates can move, and we don't predict results; this just tells you when to look.

Each quarter a company reports its results against what analysts expected. ‘Beating’ or ‘missing’ is about that expectation, not whether the business is doing well in absolute terms.

See who else reports over the next two weeks →

Reported vs expected earnings per share (EPS) from published results; the expectation is the analyst consensus, not our view. Report dates are estimates that can move.

More in Energy

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What are the scenarios for Harbour Energy plc?

An illustrative range for the year ahead, with the assumption behind each case — not a prediction or a price target.

£3£2£2today · £2▲ Bull · £3• Base · £2▼ Bear · £2in 1 yearILLUSTRATIVE · NOT A PREDICTION OR PRICE TARGET
Bull
+10% to +20%Global energy prices spike due to sudden supply shocks.
Base
-5% to +5%Commodity markets remain steady with predictable demand.
Bear
-15% to -25%A warm winter and sluggish economy drive oil and gas prices down.

What are the pros and cons of Harbour Energy plc?

3bull points
6bear points

How many points the write-up makes each way — a balance check, not a score or verdict.

The bull case3
  • Generates substantial top-line revenue from essential global commodities
  • Offers a noticeably high dividend yield: The yearly dividend as a percentage of the share price - roughly the income you'd earn from dividends alone. for income-focused portfolios
  • Trades at a low multiple relative to its expected near-term earnings
The catch3
  • Negative net margins show that bottom-line profits can be elusive after expenses
  • Negative return on equity: How much profit the company makes for each £1 shareholders have put in. Higher usually means a more efficient business. indicates challenges in generating positive returns from shareholder money
  • Heavily exposed to unpredictable political decisions around taxes
Key risks3
  • Sharp drops in global oil and gas prices can quickly squeeze cash flow
  • Politicians targeting the energy sector with extra windfall taxes
  • Operating complex offshore wells carries inherent technical and environmental dangers
What would flip the thesis

The write-up's own warning lights — if these start happening, the case above changes.

Confidence: medium · data: GBP · flags: pe, earnings_growth · Charts by TradingView Lightweight Charts™
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Built from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →

This plain-English summary was auto-generated on 2026-08-02 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.

Figures as of 2026-08-02. Prices may be delayed and numbers can go stale - always double-check before acting.