Hunting Cancels New Buyback Shares, Sets Updated Voting Capital

Hunting ( (GB:HTG) ) has provided an announcement.

Hunting PLC has repurchased 56,500 of its own ordinary shares between 27 April and 1 May 2026 under its ongoing share buyback programme, at a volume-weighted average price of 506.05 pence. The company plans to cancel these shares, reducing its share count and consolidating equity among remaining investors.

Following cancellation of the repurchased stock, Hunting will have 153,051,337 ordinary shares in issue, which will also represent the total number of voting rights in the company. The updated figure provides the new denominator for shareholders and other investors when calculating disclosure thresholds under UK transparency rules.

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 primarily for the global oil and gas industry. The group focuses on providing tools and services used in drilling, completion and production operations, serving international energy producers and related service companies.

Average Trading Volume: 655,773

Technical Sentiment Signal: Buy

Current Market Cap: £746.5M

For an in-depth examination of HTG stock, go to TipRanks’ Overview page.