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Hunting ( (GB:HTG) ) has issued an update.
Hunting PLC has continued to execute its previously announced share buyback programme, repurchasing 61,500 ordinary shares between 13 and 17 April through broker Canaccord Genuity at a volume-weighted average price of 491.13 pence. The company plans to cancel all the shares bought in this period, leaving 153,169,337 shares in issue and the same number of voting rights outstanding.
The cancellation of repurchased shares reduces Hunting’s share capital, marginally increasing existing shareholders’ proportional ownership and potentially enhancing earnings per share over time. The updated voting rights figure also provides a new reference point for investors and regulatory disclosures under UK transparency rules, clarifying thresholds for any future changes in significant shareholdings.
The most recent analyst rating on (GB:HTG) stock is a Hold with a £400.00 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 equipment and services to the global oil and gas industry. The company focuses on precision-engineered products for drilling, completion, and production operations, serving major international operators and service companies across key hydrocarbon markets.
Average Trading Volume: 667,271
Technical Sentiment Signal: Strong Buy
Current Market Cap: £701M
For an in-depth examination of HTG stock, go to TipRanks’ Overview page.