Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Hunting ( (GB:HTG) ) has provided an announcement.
Hunting PLC has continued its previously announced share buyback programme, repurchasing 61,500 ordinary shares between 20 and 24 April 2026 on the London Stock Exchange at a volume-weighted average price of 484.94 pence. The company plans to cancel these shares, which will reduce its total shares in issue and voting rights to 153,107,837, modestly enhancing earnings per share and potentially supporting the share price for existing investors.
The latest tranche of buybacks, executed through broker Canaccord Genuity, reflects Hunting’s ongoing capital management strategy to return surplus cash to shareholders while tightening its equity base. By shrinking the free float and confirming the new voting rights denominator, the move may influence institutional investors’ disclosure thresholds and signals management’s confidence in the company’s financial position.
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 a UK-listed energy services company that manufactures and supplies precision-engineered equipment and components to the global oil and gas industry. The group focuses on tools and technologies used in drilling, completion and production activities, serving major exploration and production companies across key hydrocarbon regions worldwide.
Average Trading Volume: 685,962
Technical Sentiment Signal: Buy
Current Market Cap: £725.7M
See more insights into HTG stock on TipRanks’ Stock Analysis page.