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Hunting ( (GB:HTG) ) has issued an announcement.
Hunting PLC has repurchased 83,574 of its own ordinary shares under its ongoing share buyback programme, at a volume-weighted average price of 414.52 pence per share, through broker Berenberg. The company intends to cancel the shares, reducing the number of ordinary shares and voting rights in issue to 156,771,319, a move that marginally enhances earnings per share and may signal continued confidence in the group’s financial position and capital management strategy for shareholders.
The most recent analyst rating on (GB:HTG) stock is a Hold with a £445.00 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 group focused on manufacturing and supplying precision-engineered equipment and components for the global oil and gas and wider energy industry, serving exploration, production and related markets worldwide.
Average Trading Volume: 493,704
Technical Sentiment Signal: Buy
Current Market Cap: £613.6M
See more insights into HTG stock on TipRanks’ Stock Analysis page.