Hunting PLC Cancels Newly Repurchased Shares, Tightening Equity Base

An update from Hunting ( (GB:HTG) ) is now available.

Hunting PLC has repurchased 82,964 of its ordinary shares under its ongoing buyback programme, paying a volume-weighted average price of 513.21 pence per share via broker Berenberg on the London Stock Exchange. The company plans to cancel these shares, which will reduce its share count to 153,703,582 and reset the total voting rights to the same level.

The cancellation of repurchased stock is expected to deliver a modest uplift in earnings per share and consolidate existing investors’ relative ownership stakes. The move underscores management’s continued use of capital returns through buybacks as part of its shareholder value strategy, while also updating the reference base for regulatory disclosure thresholds under UK market transparency rules.

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 GB:HTG Stock

According to Spark, TipRanks’ AI Analyst, GB: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 GB:HTG stock, click here.

More about Hunting

Hunting PLC is a UK-listed energy services group that manufactures and supplies precision-engineered equipment for the global oil, gas and broader energy sectors. The company focuses on providing critical components and services to upstream drilling, completion and production markets, giving it exposure to international exploration and production activity cycles.

Average Trading Volume: 607,009

Technical Sentiment Signal: Buy

Current Market Cap: £762.3M

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