Hunting Cancels 120,000 Shares After Latest Buyback Tranche

Hunting ( (GB:HTG) ) has shared an update.

Hunting PLC has repurchased 120,000 ordinary shares at a volume-weighted average price of 499.37 pence under its ongoing share buyback programme, executed through Berenberg on 9 March 2026. The shares will be cancelled, reducing the number of ordinary shares and voting rights in issue to 153,786,546, a move that marginally enhances earnings per share and may signal continued capital discipline to investors.

The transaction provides updated reference data for shareholders and other market participants required to calculate disclosure thresholds under the FCA’s transparency rules. By tightening its equity base through cancellations rather than holding shares in treasury, Hunting underscores a commitment to returning surplus capital while maintaining regulatory clarity around its free float and voting structure.

The most recent analyst rating on (GB:HTG) stock is a Buy with a £588.00 price target. To see the full list of analyst forecasts on Hunting stock, see the GB:HTG Stock Forecast page.

Spark’s Take on GB:HTG Stock

According to Spark, TipRanks’ AI Analyst, GB:HTG is a Outperform.

The score is driven mainly by improved operating performance and strong balance-sheet resilience, reinforced by positive FY26 guidance, a sizeable tender pipeline, and ongoing buybacks/dividend growth plans. Offsetting this are cash-flow volatility (notably the 2025 free-cash-flow decline), order-book visibility near-term, and only moderate valuation support for a cyclical business.

To see Spark’s full report on GB:HTG stock, click here.

More about Hunting

Hunting PLC is a UK-listed energy services group focused on manufacturing precision-engineered equipment and components for the global oil, gas and wider energy sectors. The company serves upstream and midstream operators with tools, tubulars and related products that support drilling, completion and production activities across key international markets.

Average Trading Volume: 539,333

Technical Sentiment Signal: Buy

Current Market Cap: £738M

See more insights into HTG stock on TipRanks’ Stock Analysis page.