Hunting Cancels Newly Repurchased Shares, Resets Voting Rights Base

Hunting ( (GB:HTG) ) just unveiled an announcement.

Hunting PLC has executed another tranche of its previously announced share buyback programme, repurchasing 25,594 ordinary shares on 5 March 2026 via Berenberg at a volume‑weighted average price of 525.91 pence. The company plans to cancel these shares, reducing its issued share capital and signalling continued use of buybacks as a capital management tool.

Following cancellation of the repurchased stock, Hunting will have 153,938,421 ordinary shares in issue, which will also represent the total number of voting rights in the company. This updated share count becomes the new reference figure for investors and other stakeholders when assessing ownership thresholds and regulatory disclosure obligations under UK transparency rules.

The most recent analyst rating on (GB:HTG) stock is a Buy with a £550.00 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 company whose operations focus on supplying products and technologies to the global oil and gas and broader energy sectors. The group’s shares trade on the London Stock Exchange, and its capital management toolkit includes periodic share repurchase programmes to adjust its equity base and return surplus capital to investors.

Average Trading Volume: 499,934

Technical Sentiment Signal: Buy

Current Market Cap: £746.7M

Learn more about HTG stock on TipRanks’ Stock Analysis page.