Hunting cancels 49,800 shares after latest buyback tranche

Hunting ( (GB:HTG) ) just unveiled an update.

Hunting PLC has repurchased 49,800 ordinary shares between 30 March and 2 April 2026 under its previously announced share buyback programme, paying a volume-weighted average price of about 490.57 pence per share through broker Canaccord Genuity. The company plans to cancel these shares, reducing its share count and setting total voting rights at 153,294,837, a move that marginally enhances earnings per share and may signal management’s confidence to investors while providing a new reference denominator for regulatory disclosure thresholds.

The buyback activity consolidates ownership among remaining shareholders and could support the stock by reducing free float, though the scale of this tranche is relatively modest in the context of the company’s overall capital structure. By updating the market on post-cancellation voting rights, Hunting also provides clarity for investors and institutions that track their positions against regulatory reporting limits, reinforcing transparency around its ongoing capital management strategy.

The most recent analyst rating on (GB:HTG) stock is a Buy with a £580.00 price target. To see the full list of analyst forecasts on Hunting stock, see the GB:HTG Stock Forecast page.

Spark’s Take on HTG Stock

According to Spark, TipRanks’ AI Analyst, 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 HTG stock, click here.

More about Hunting

Hunting PLC is an energy services group listed in London that supplies engineered equipment and related services to the global oil and gas industry. The company focuses on technologies and components used across the exploration and production value chain, serving international operators and service companies active in upstream energy markets.

Average Trading Volume: 638,874

Technical Sentiment Signal: Buy

Current Market Cap: £717.6M

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