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Hunting
(LSE:HTG)
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Rating:65Neutral
Price Target:
435.00 p
â–²(6.49% Upside)
Action:Reiterated
Date:08/22/26
The score is driven primarily by solid underlying financial strength (notably low leverage and a return to profitability) and a generally constructive earnings update (operational improvements and backlog/pipeline visibility). These positives are tempered by weak technical positioning (price below major moving averages) and a valuation that looks relatively expensive on P/E, alongside near-term execution and cash-flow timing headwinds highlighted on the call (guidance trim and working-capital build).
Positive Factors
Low Financial Leverage
Conservative leverage gives Hunting resilience during oilfield downturns and flexibility to fund capital investment, absorb volatility, and pursue growth without relying heavily on external financing.
Negative Factors
Uneven Cash Conversion
The sharp decline in free cash flow shows that earnings are not yet converting consistently into cash. Persistent working-capital needs or higher investment could constrain debt reduction, reinvestment, and shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Financial Leverage
Conservative leverage gives Hunting resilience during oilfield downturns and flexibility to fund capital investment, absorb volatility, and pursue growth without relying heavily on external financing.
Read all positive factors
Hunting (HTG) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£582.01M
Dividend Yield2.42%
Average Volume (3M)456.48K
Price to Earnings (P/E)18.7
Beta (1Y)1.15
Revenue Growth-12.20%
EPS GrowthN/A
CountryUK
Employees2,246
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)0.29
Shares Outstanding152,036,620
10 Day Avg. Volume548,309
30 Day Avg. Volume456,477
Financial Highlights & Ratios
PEG Ratio-0.07
Price to Book (P/B)0.89
Price to Sales (P/S)0.77
P/FCF Ratio9.06
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£567.50Price Target Upside38.92% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)0.37
Revenue Forecast (FY)£1.05B
Hunting Business Overview & Revenue Model
Company Description
Hunting PLC, together with its subsidiaries, manufactures components, technology systems, and precision parts worldwide. It operates in five segments: Hunting Titan; North America; Subsea Technologies; Europe, Middle East and Africa; and Asia Paci...
How the Company Makes Money
Hunting makes money primarily by selling engineered equipment and providing related services to oil and gas operators and oilfield service companies. Key revenue streams include: (1) Product sales of proprietary and engineered components used in d...
Hunting Earnings Call Summary
Earnings Call Date:Aug 21, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Mar 04, 2027
Earnings Call Sentiment Positive
The call presented a mix of strong operational and commercial progress (notably a clear turnaround at Hunting Titan, robust Subsea growth, diversified non‑oil & gas wins, an encouraging order book, and active shareholder returns) alongside notable near‑term headwinds (the significant KOC tender cancellation/slippage that delayed large awards into 2027, a working capital build that temporarily reduced cash balances, and an EPS decline). Management communicated confidence in continued margin improvement, execution on cost and efficiency programs, and a healthy pipeline, while acknowledging timing and supply‑chain risks that affected H1. On balance, the positives—sustained revenue and EBITDA, strong segmental growth, and solid backlog—outweigh the lowlights, which are mostly timing and execution‑related rather than structural demand collapses.Positive Updates
Strong H1 Revenue and EBITDA
Revenue of $497 million in H1 2026 with EBITDA of $62.1 million and an EBITDA margin of 12%; quarter split of EBITDA was $24 million (Q1) and $38 million (Q2).
Negative Updates
KOC Tender Cancellation and Timing Impact
Major Kuwait Oil Company tenders were canceled/delayed (a previously anticipated award in excess of $300 million pushed into 2027); a $20 million PO for one line item was lost in the process. Management estimates the KOC delay trimmed full‑year EBITDA guidance by roughly $10 million to $138–$141 million.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong H1 Revenue and EBITDA
Revenue of $497 million in H1 2026 with EBITDA of $62.1 million and an EBITDA margin of 12%; quarter split of EBITDA was $24 million (Q1) and $38 million (Q2).
Read all positive updates
Company Guidance
Management trimmed full‑year EBITDA guidance to $138–$141 million (about $10m lower to reflect the KOC delay), with EBITDA margins expected around 12–13% in H2 while still targeting a 15% margin medium‑term; CapEx is forecast to step up to $40–$50 million and free‑cash conversion is expected to remain c.50%. For context H1 revenue was $497m with EBITDA $62.1m (Q1 $24m, Q2 $38m), EPS fell to $0.152, H1 dividend was increased 13% to $0.07, and management continues buybacks (£33m YTD). The order book stands at £386m (with c.£260m to be booked in 2026) and a tender pipeline just under $1bn, working capital built by about $60m (receivables ~£293m) producing modest net borrowings (~£19m) that management expects to unwind in H2.Hunting Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
86
Very Positive
Cash Flow
61
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.25B | 1.02B | 1.05B | 929.10M | 725.80M | 521.60M |
| Gross Profit | 341.43M | 279.80M | 271.90M | 227.70M | 171.40M | 99.40M |
| EBITDA | 152.78M | 121.50M | 11.10M | 96.90M | 40.40M | -39.10M |
| Net Income | 44.41M | 41.96M | -28.00M | 117.10M | -4.60M | -85.80M |
Balance Sheet | ||||||
| Total Assets | 1.17B | 1.18B | 1.28B | 1.22B | 1.05B | 1.01B |
| Cash, Cash Equivalents and Short-Term Investments | 89.96M | 145.55M | 206.60M | 45.50M | 29.40M | 115.20M |
| Total Debt | 141.63M | 117.44M | 135.90M | 78.90M | 39.40M | 36.70M |
| Total Liabilities | 305.98M | 293.61M | 376.90M | 265.20M | 203.10M | 140.30M |
| Stockholders Equity | 858.43M | 877.92M | 896.80M | 953.80M | 844.60M | 869.90M |
Cash Flow | ||||||
| Free Cash Flow | -13.27M | 86.27M | 160.10M | 15.30M | -52.70M | 22.90M |
| Operating Cash Flow | 31.95M | 132.32M | 188.50M | 49.30M | -36.80M | 28.60M |
| Investing Cash Flow | -21.19M | -97.50M | -25.50M | -32.40M | -10.50M | 13.60M |
| Financing Cash Flow | -101.14M | -103.12M | 700.00K | 6.44M | -28.30M | -35.80M |
Hunting Technical Analysis
Negative
408.50
Price Trends
444.56
Negative
465.04
Negative
451.46
Negative
Market Momentum
-15.42
Positive
35.88
Neutral
34.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:HTG, the sentiment is Negative. The current price of 408.5 is below the 20-day moving average (MA) of 438.80, below the 50-day MA of 444.56, and below the 200-day MA of 451.46, indicating a bearish trend. The MACD of -15.42 indicates Positive momentum. The RSI at 35.88 is Neutral, neither overbought nor oversold. The STOCH value of 34.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:HTG.
Hunting Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | £287.06M | 8.86 | 19.41% | 0.37% | 9.38% | 8.07% | |
67 Neutral | £213.38M | 14.99 | 4.61% | 2.17% | 8.82% | -55.40% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | £582.01M | 18.67 | 5.11% | 2.42% | -12.20% | ― | |
60 Neutral | £6.48M | -1.28 | -27.03% | 1.67% | -73.26% | -370.18% | |
49 Neutral | £14.31M | 18.78 | 7.41% | 5.06% | ― | ― |
* Energy Sector Average
GB:HTG
Hunting
400.50
81.62
25.59%
GB:GMS
Gulf Marine Services
18.52
0.32
1.76%
GB:POS
Plexus Holdings
3.75
-4.13
-52.41%
GB:CSC
Pressure Technologies
37.00
5.00
15.63%
GB:AT
Ashtead Technology Holdings PLC
354.50
-5.51
-1.53%
Hunting Corporate Events
Regulatory Filings and Compliance
Hunting PLC Discloses Share Purchase by Non-Executive Director
Neutral
Aug 21, 2026
Hunting PLC reported a director dealing in its ordinary shares, underscoring the company’s adherence to U.K. disclosure rules for listed entities. The announcement highlights that its equity capital is structured into ordinary shares of 25 p...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Hunting tightens share base with latest buyback and cancellation
Positive
Aug 17, 2026
Hunting PLC has continued execution of its previously announced share buyback programme, repurchasing 44,000 ordinary shares between 10 and 14 August 2026 at volume-weighted average prices ranging from about 448 pence to 487 pence. The company pla...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Hunting Cancels New Tranche of Buyback Shares, Tightens Equity Base
Positive
Aug 10, 2026
Hunting PLC has continued executing its previously announced share buyback programme, repurchasing 70,000 ordinary shares between 3 August and 7 August 2026 at volume-weighted average prices around the mid-440 pence range. The company plans to can...
Stock BuybackRegulatory Filings and Compliance
Hunting Tightens Share Base with Latest Buyback Tranche
Positive
Aug 3, 2026
Hunting PLC has continued to execute its previously announced share buyback programme, repurchasing 60,800 ordinary shares between 27 July and 31 July 2026 through broker Canaccord Genuity. The shares were bought at a volume-weighted average price...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Hunting PLC Confirms Updated Voting Rights After Share Cancellations
Neutral
Aug 3, 2026
Hunting PLC has confirmed that its issued share capital comprised 152,284,923 ordinary shares of 25 pence each as of 31 July 2026, with no shares held in treasury following cancellations linked to its share buy-back programme. This share count wil...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Hunting PLC Cancels 60,000 Shares Under Ongoing Buyback Programme
Positive
Jul 27, 2026
Hunting PLC has continued to execute its previously announced share buyback programme, repurchasing 60,000 ordinary shares between 20 July and 24 July 2026 through broker Canaccord Genuity at a volume-weighted average price of 468.31 pence. The co...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Hunting PLC Cancels New Share Buybacks, Updates Voting Rights
Positive
Jul 20, 2026
Hunting PLC has continued executing its previously announced share buyback programme, repurchasing 61,500 ordinary shares between 13 July and 17 July 2026 at volume-weighted average prices around 450 pence. The shares, acquired through broker Cana...
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresM&A Transactions
Hunting holds guidance as subsea and perforating growth offsets softer H1 activity
Positive
Jul 15, 2026
Hunting PLC reported a solid first half of 2026, with EBITDA of about $62 million in line with guidance and a margin of roughly 12%, as strong subsea and perforating systems demand offset weaker activity in OCTG and manufacturing lines. The group&...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Hunting Continues Share Buyback, Cuts Share Count to 152.4 Million
Positive
Jul 13, 2026
Hunting PLC has continued to execute its previously announced share buyback programme, repurchasing 67,000 ordinary shares between 6 and 10 July 2026 at volume-weighted average prices in the mid-420s to high-430s pence range. The company intends t...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Hunting PLC Cancels Latest Tranche of Share Buybacks, Tightening Free Float
Positive
Jul 6, 2026
Hunting PLC has continued to execute the share buyback programme launched in March 2026, repurchasing 54,414 ordinary shares between 29 June and 3 July on London venues at an average price in the mid-440 pence range. The latest tranche was carried...
Stock BuybackRegulatory Filings and Compliance
Hunting PLC Updates Share Capital and Voting Rights Following Buy-Backs
Neutral
Jul 1, 2026
Hunting PLC, the London-listed precision engineering group, reported that as of 30 June 2026 its issued share capital consists of 152,564,337 ordinary shares of 25 pence each, with no shares held in treasury. The company noted that this updated sh...
Business Operations and StrategyStock Buyback
Hunting Cancels 60,000 Shares in Continued Buyback Programme
Positive
Jun 29, 2026
Hunting PLC has continued executing its previously announced share buyback programme, repurchasing 60,000 ordinary shares between 22 and 26 June 2026 at a volume-weighted average price of 464.50 pence. The repurchases were carried out through brok...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Hunting cancels 60,000 shares as buyback trims share capital
Positive
Jun 22, 2026
Hunting PLC has continued its previously announced share buyback programme, repurchasing 60,000 ordinary shares between 15 June and 19 June 2026 through broker Canaccord Genuity at volume-weighted average prices ranging from about 471p to 489p. Th...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Hunting cancels 62,500 shares after latest buyback tranche
Positive
Jun 15, 2026
Hunting PLC has repurchased 62,500 of its own ordinary shares between 8 and 12 June 2026 under its previously announced share buyback programme, at volume-weighted average prices ranging from 465.88 pence to 486.00 pence. The company plans to canc...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Hunting Continues Buyback, Cancels Shares and Updates Voting Rights
Positive
Jun 8, 2026
Hunting PLC has continued its previously announced share buyback programme by repurchasing 62,500 ordinary shares between 1 and 5 June 2026 through broker Canaccord Genuity at volume-weighted average prices in the mid-460p range. The company plans...
Business Operations and StrategyStock Buyback
Hunting PLC Cancels Further Shares Under Ongoing Buyback Programme
Positive
Jun 1, 2026
Hunting PLC has continued to execute its previously announced share buyback programme, repurchasing 53,500 ordinary shares between 26 and 29 May 2026 at volume‑weighted average prices ranging from about 468 pence to 496 pence. The shares, ac...
Stock BuybackRegulatory Filings and Compliance
Hunting PLC Updates Share Capital and Voting Rights Following Buybacks
Neutral
Jun 1, 2026
Hunting PLC, the London-listed precision engineering group, reported that as of 31 May 2026 its issued share capital consists of 152,836,337 ordinary shares of 25 pence each, with no shares held in treasury. This updated share count, reflecting sh...
Business Operations and StrategyExecutive/Board Changes
Hunting PLC Launches CEO Succession Process as Jim Johnson Plans Mid-2027 Retirement
Neutral
Jun 1, 2026
Hunting PLC has announced that Chief Executive Jim Johnson plans to retire as a director by mid-2027, triggering a formal succession process led by the Nomination Committee. The search will consider both internal and external candidates to steer t...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Hunting cancels 68,500 shares in latest buyback tranche
Positive
May 26, 2026
Hunting PLC has continued executing its previously announced share buyback programme, repurchasing 68,500 ordinary shares between 18 and 22 May 2026 at volume-weighted average prices ranging from about 487p to 505p. The move, carried out via broke...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.