Harbour Energy posts record production and raises cash‑flow outlook

Harbour Energy, the London‑listed oil and gas group, kept a “hold” rating from Berenberg Bank with a GBX 245 target price, while other analysts issued mixed ratings and price targets ranging from GBX 290 to GBX 450.

In its Q2 earnings call the company reported record first‑half production of about 509‑510 kboe/d, driven by assets in Norway, the United States Gulf of Mexico and Argentina. It lifted its full‑year free‑cash‑flow estimate to $1.8 billion and announced a $250 million share buyback. CEO Linda Cook highlighted ongoing portfolio reshaping, including recent acquisitions in the U.S. and Norway and exits from Indonesia and Vietnam.