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Hunting Cancels Further Shares After Latest Buyback Tranche

Story Highlights
  • Energy services group Hunting PLC repurchased 90,792 ordinary shares under its ongoing buyback programme.
  • The repurchased shares will be cancelled, reducing total voting rights to 155,485,270 and slightly enhancing shareholder value metrics.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Hunting Cancels Further Shares After Latest Buyback Tranche

Meet Samuel – Your Personal Investing Prophet

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

Hunting PLC has continued to execute its previously announced share buyback programme by repurchasing 90,792 ordinary shares on 5 February 2026 through Berenberg at a volume-weighted average price of 467.83 pence. The company plans to cancel these shares, reducing its shares in issue and voting rights to 155,485,270, a move that marginally enhances earnings per share and underscores management’s ongoing capital-return strategy, while also updating investors on the new denominator for regulatory disclosure of shareholdings.

The most recent analyst rating on (GB:HTG) stock is a Hold with a £483.00 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 Neutral.

The score is primarily supported by strong 2024 cash flow and a low-leverage balance sheet, plus shareholder-friendly corporate actions (expanded buybacks) and positive strategic developments. Offsetting these strengths are volatile profitability (2024 loss after 2023 profit) and currently soft technical momentum (negative MACD, RSI below 50).

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 the global oil and gas industry, providing precision-engineered equipment and related services to upstream energy companies and operating across key hydrocarbon-producing regions worldwide.

Average Trading Volume: 514,318

Technical Sentiment Signal: Buy

Current Market Cap: £695.7M

For detailed information about HTG stock, go to TipRanks’ Stock Analysis page.

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