Harbour Energy PLC 14.5% potential upside indicated by Morgan Stanley

Harbour Energy PLC with ticker (LON:HBR) now has a potential upside of 14.5% according to Morgan Stanley.



Morgan Stanley set a target price of 590 GBX for the company, which when compared to the Harbour Energy PLC share price of 504 GBX at opening today (13/04/2022) indicates a potential upside of 14.5%. Trading has ranged between 284 (52 week low) and 507 (52 week high) with an average of 4,968,620 shares exchanging hands daily. The market capitalisation at the time of writing is £4,606,172,216.

Harbour Energy plc, formerly Premier Oil plc, is an independent oil and gas company. The Company operates in United Kingdom, Norway, Indonesia, Vietnam, Brazil, Mexico, and Falkland Islands. The Company’s portfolio of licenses in the United Kingdom comprises a mixture of producing assets, development, pre-development assets and exploration. Its United Kingdom offshore operated positions include Greater Britannia, J-Area, the AELE Hub, Solan, Catcher, the East Irish Sea and Tolmount Area in the southern North Sea. Onshore, it owns the Rivers terminal at Barrow-in-Furness and has interests in the Sullom Voe oil terminal in Shetland. The Company produces with a portfolio comprising some 200,000 barrels oil equivalent per day from operations in the North Sea and South East Asia.