Hunting Cancels Newly Repurchased Shares Under Ongoing Buyback Programme

The latest update is out from Hunting ( (GB:HTG) ).

Hunting PLC has continued to execute its previously announced share buyback programme, repurchasing 81,702 ordinary shares on 17 February at a volume-weighted average price of 504.20 pence. The company plans to cancel these shares, reducing the number of ordinary shares and voting rights in issue to 154,867,463, a move that marginally enhances earnings per share and may signal ongoing confidence in the group’s capital position and long-term strategy.

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 an energy services company headquartered in London that supplies precision-engineered equipment and related services to the global oil and gas industry. The group focuses on upstream exploration and production markets, providing tools and components used in drilling, completion and intervention operations for international energy companies.

Average Trading Volume: 478,601

Technical Sentiment Signal: Buy

Current Market Cap: £710.5M

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