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Hunting ( (GB:HTG) ) has issued an announcement.
Hunting PLC has repurchased 50,000 ordinary shares between 5 and 8 May 2026 under its ongoing share buyback programme, paying a volume-weighted average price of 497.15 pence per share. The company plans to cancel these shares, which will reduce the number of ordinary shares in issue to 153,001,337 and adjust the total voting rights accordingly.
The cancellation of the repurchased shares marginally increases the ownership percentage of remaining shareholders and may signal management’s confidence in the company’s valuation. The updated share count also provides a new reference point for investors and institutions monitoring their disclosure obligations under UK transparency rules and assessing Hunting’s capital management strategy.
The most recent analyst rating on (GB:HTG) stock is a Hold with a £470.00 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 company listed in London, best known for supplying advanced tools, equipment and related technologies to the global oil and gas sector. The group focuses on providing precision-engineered products for drilling and production operations, positioning itself as a specialist supplier to upstream energy markets that are sensitive to capital spending cycles and commodity price trends.
Average Trading Volume: 652,893
Technical Sentiment Signal: Buy
Current Market Cap: £711.9M
For detailed information about HTG stock, go to TipRanks’ Stock Analysis page.