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An update from Hunting ( (GB:HTG) ) is now available.
Hunting PLC has continued to execute its previously announced share buyback programme, repurchasing 70,000 ordinary shares between 11 and 15 May 2026 at volume‑weighted average prices around 501 pence. The company plans to cancel these shares, reducing its share capital and leaving 152,931,337 ordinary shares in issue, which will slightly enhance earnings per share and adjust the base for investor voting rights and regulatory disclosures.
The latest tranche of buybacks was carried out through Canaccord Genuity Limited across London trading venues, with detailed transaction data disclosed in line with UK Market Abuse Regulation requirements. By shrinking its free float and signalling balance sheet strength, Hunting reinforces capital return commitments to shareholders while tightening the stock’s supply, a move that may support valuation and influence market perception of management’s confidence in future performance.
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 an energy services company focused on providing precision engineered equipment and technology to the global oil and gas industry. The group’s operations span manufacturing and supply of downhole tools and related products, targeting exploration and production clients across key international markets.
Average Trading Volume: 625,752
Technical Sentiment Signal: Buy
Current Market Cap: £735.8M
Learn more about HTG stock on TipRanks’ Stock Analysis page.