Hunting PLC Cancels 53,000 Shares After Latest Buyback Tranche

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

Hunting PLC has repurchased 53,000 ordinary shares between 17 and 20 March 2026 under its ongoing share buyback programme, at a volume-weighted average price of 478.01 pence per share. The company intends to cancel these shares, reducing the number of ordinary shares in issue and, consequently, the total voting rights to 153,411,437, a move that marginally enhances earnings per share and may signal management’s confidence in the company’s valuation to investors.

The updated share count also provides a new reference point for shareholders and other market participants when calculating disclosure thresholds under the UK’s transparency rules. By tightening its equity base through buybacks and cancellations, Hunting continues to use capital-management tools common in the sector to optimise its balance sheet and adjust its capital structure in line with market conditions and strategic priorities.

The most recent analyst rating on (GB:HTG) stock is a Buy with a £588.00 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 group listed in London, supplying precision-engineered products and related services primarily to the oil and gas industry. The company focuses on technologies and components used across the upstream energy value chain, serving international operators and service companies in key hydrocarbon basins.

Average Trading Volume: 635,561

Technical Sentiment Signal: Buy

Current Market Cap: £691.1M

See more insights into HTG stock on TipRanks’ Stock Analysis page.