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Hunting ( (GB:HTG) ) has provided an update.
Hunting PLC has announced its H1 2025 Trading Update, highlighting a 16% year-on-year growth in EBITDA, reaching approximately $68-$70 million, driven by strong performance in its OCTG product group. The company plans to increase its targeted annual dividend distributions by 13% and initiate a $40 million Share Buyback Programme. The acquisitions of Flexible Engineered Solutions and Organic Oil Recovery technology are expected to accelerate growth and improve capital returns, aligning with Hunting’s 2030 Strategy. The company also reported a robust sales order book of $450 million and a tender pipeline of $1.1 billion, despite market volatility. The restructuring of its EMEA segment is projected to save $10 million annually, and the company remains focused on exploring further M&A opportunities.
The most recent analyst rating on (GB:HTG) stock is a Hold with a £5.00 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.
Hunting PLC’s stock score of 56 reflects strong revenue growth and a solid balance sheet, counterbalanced by profitability challenges and bearish technical trends. Positive corporate events and a reasonable dividend yield provide some optimism, yet the negative P/E ratio highlights valuation concerns.
To see Spark’s full report on GB:HTG stock, click here.
More about Hunting
Hunting PLC is a precision engineering group that operates within the oil and gas industry. The company focuses on providing products and services such as OCTG (Oil Country Tubular Goods), subsea technologies, and advanced manufacturing solutions, with a significant presence in North America, Asia Pacific, and EMEA regions.
Average Trading Volume: 380,250
Technical Sentiment Signal: Sell
Current Market Cap: £464.6M
Learn more about HTG stock on TipRanks’ Stock Analysis page.