Hunting Cancels New Share Buyback Tranche, Resets Voting Rights Count

An announcement from Hunting ( (GB:HTG) ) is now available.

Hunting PLC has continued to execute its previously announced share buyback programme, repurchasing 49,044 ordinary shares on 13 February 2026 through Berenberg at a volume-weighted average price of 478.39 pence. The company plans to cancel these shares, reducing its share capital to 155,011,885 ordinary shares in issue, which will also become the new total number of voting rights used for regulatory disclosure thresholds.

The latest tranche of buybacks signals ongoing capital management by Hunting, which may enhance earnings per share and consolidate existing shareholders’ stakes by shrinking the equity base. The updated voting rights figure provides clarity for investors and other stakeholders monitoring their positions under UK disclosure rules, underlining the company’s adherence to market transparency and regulatory requirements.

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 that provides precision-engineered products and services to the global oil and gas industry. The company focuses on supplying critical components and technologies used in drilling, subsea, and completion operations, serving major operators and service companies across key hydrocarbon-producing regions worldwide.

Average Trading Volume: 477,743

Technical Sentiment Signal: Buy

Current Market Cap: £710.5M

See more data about HTG stock on TipRanks’ Stock Analysis page.