Hunting PLC Cancels Newly Repurchased Shares Under Ongoing Buyback

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

Hunting PLC has repurchased 4,088 of its own ordinary shares at a volume-weighted average price of 514 pence as part of its ongoing share buyback programme. The shares, acquired through Berenberg on 18 February 2026, will be cancelled, reducing the company’s share capital and potentially enhancing earnings per share for existing investors.

Following the cancellation of these shares, Hunting will have 154,863,375 ordinary shares in issue, which will also represent the total number of voting rights in the company. This updated share count provides the new reference figure for shareholders and other market participants when assessing disclosure thresholds under UK transparency rules.

The most recent analyst rating on (GB:HTG) stock is a Hold with a £483.00 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 an energy services group focused on supplying precision-engineered products and components to the global oil and gas industry. The company serves upstream energy markets with equipment and technologies used in drilling, completion, and production operations, and its shares are listed on the London Stock Exchange.

Average Trading Volume: 473,658

Technical Sentiment Signal: Buy

Current Market Cap: £752.1M

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