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Hunting ( (GB:HTG) ) has issued an update.
Hunting PLC’s subsidiary, Hunting Energy Services Production Technology, has secured a significant contract in Brazil for its Organic Oil Recovery (OOR) technology, marking its first entry into the South American market. This contract, involving sampling and testing across 20 wells, highlights the strategic expansion of Hunting’s global subsea platform and the potential of its innovative oil recovery technology to enhance reservoir performance and extend the economic life of oil fields.
The most recent analyst rating on (GB:HTG) stock is a Buy with a £600.00 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 global precision engineering group that provides precision-manufactured equipment and premium services. Established in 1874, the company is listed on the London Stock Exchange and operates in various regions including the UK, China, India, and the USA. It reports across five operating segments and focuses on product groups such as OCTG, Perforating Systems, and Subsea.
Average Trading Volume: 477,290
Technical Sentiment Signal: Buy
Current Market Cap: £562.2M
See more insights into HTG stock on TipRanks’ Stock Analysis page.