BASF stock slips as Harbour Energy sale and JPMorgan weigh on it

Published on 09/11/2026 at 15:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BASF stock fell 2.7 percent to EUR 51.90 on September 11, 2026, while JPMorgan kept an Underweight view. Q2 revenue was EUR 17.21 billion and EPS was EUR 4.78.

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BASF stock (ISIN DE000BASF111) fell 2.7 percent to EUR 51.90 in Xetra trading on September 11, 2026, after a fresh stake sale in Harbour Energy and a renewed JPMorgan Underweight call. The stock traded as low as EUR 51.75 and changed hands 538,334 times by 12:28 p.m. local time.

Stake sale hits the tape

According to Reuters on September 11, 2026, BASF reduced its Harbour Energy stake to 16.4 percent through a discounted share sale, with the block priced at GBP 2.66 per share. Reuters also said the transaction covers about 133 million shares and should cut BASF's holding from about 24.3 percent.

That matters because the deal adds a clear cash and portfolio move to the BASF story on the same day the shares were already weaker. In market terms, the sale was tied to a 4.3 percent discount to Thursday's Harbour Energy close, which is the sort of detail investors can price quickly.

JPMorgan stays negative

According to Investing.com on September 11, 2026, JPMorgan left BASF at Underweight, citing more protectionist signals from European politics. The same report says the original research note was first distributed at 00:12 BST.

Finanzen.ch said on September 11, 2026, that BASF reported Q2 revenue of EUR 17.21 billion for the quarter ended June 30, 2026, versus EUR 15.77 billion a year earlier, and earnings per share of EUR 4.78 versus EUR 0.09. The quarterly sales increase of 9.11 percent is the cleanest comparison in the latest report context.

Q2 numbers still set the frame

The same finanzen.ch report said BASF published those figures on July 15, 2026, and that the next balance-sheet presentation was expected on October 28, 2026. For investors, that puts the next reporting date close enough to keep the focus on margin quality and guidance rather than only on one-off portfolio moves.

At Xetra close on September 10, 2026, BASF finished at EUR 53.34, up 1.21 percent, while trade on September 11 has already pushed the stock below that level. MarketScreener also showed a last close of EUR 53.34, a 5-day change of -2.82 percent and a year-to-date gain of 16.52 percent.

Near the yearly range

BASF was trading between the 52-week low of EUR 41.48 on November 5, 2025 and the 52-week high of EUR 55.05 on April 14, 2026. With EUR 51.90, the stock sits below the high but still above the low, which keeps the chart in a middle band rather than at an extreme.