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Hunting ( (GB:HTG) ) has shared an update.
Hunting PLC reported a solid first quarter of 2026, posting EBITDA of $23.2 million and a 10% margin, and reaffirmed full-year EBITDA guidance of $145 million to $155 million, with earnings expected to be weighted toward the second half. North American perforating systems outperformed expectations, while a seasonal working capital build and an ongoing share buyback programme reduced the group’s net cash to $8.3 million.
The company’s sales order book has grown to about $428.8 million, supported by strong OCTG tender activity and substantial subsea wins, including $63.5 million of titanium stress joint orders for a Guyana project, as it also expands non-energy advanced manufacturing work for industrial and aerospace clients. Management is accelerating a $15 million cost‑reduction programme, closing its Fordoun site, merging EMEA and Asia Pacific into a single International segment from 2027, and targeting bolt‑on acquisitions in subsea, moves that aim to boost efficiency and position Hunting for long‑term growth despite geopolitical risks in the Middle East.
The most recent analyst rating on (GB:HTG) stock is a Buy with a £580.00 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 global precision engineering group that manufactures equipment and provides premium services for energy and industrial customers. Listed in London and headquartered in the U.K. with a corporate office in Houston, it operates across North America, EMEA, Asia Pacific and subsea technologies, serving markets including oil and gas, power generation, aerospace and defence.
Average Trading Volume: 661,193
Technical Sentiment Signal: Buy
Current Market Cap: £739M
For detailed information about HTG stock, go to TipRanks’ Stock Analysis page.