Hunting Cancels 90,000 Shares as Buyback Programme Progresses

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

Hunting PLC has continued to execute its previously announced share buyback programme, purchasing 90,000 ordinary shares on 11 March 2026 through Berenberg at a volume-weighted average price of 507.86 pence. The company plans to cancel these shares, which will reduce the total number of ordinary shares and voting rights in issue to 153,613,582, marginally enhancing earnings per share and consolidating existing shareholders’ stakes.

The transaction underscores Hunting’s ongoing capital management strategy aimed at returning surplus capital to investors and optimizing its balance sheet structure. By tightening its share base, the group signals confidence in its long-term prospects and may strengthen share price support, although the operational profile of the business remains unchanged by this purely financial action.

The most recent analyst rating on (GB:HTG) stock is a Buy with a £560.00 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 company that supplies products and technologies to the global oil and gas industry. Its primary activities include the manufacture and distribution of precision-engineered equipment used in drilling, completion, and production operations across key hydrocarbon markets.

Average Trading Volume: 610,903

Technical Sentiment Signal: Buy

Current Market Cap: £747.2M

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