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Hunting
(LSE:HTG)
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Rating:68Neutral
Price Target:
420.00 p
â–²(2.82% Upside)
Action:Reiterated
Date:10/29/26
The score is driven primarily by solid financial strength and a return to profitability, supported by low leverage. This is moderated by uneven cash-flow/earnings consistency and a cautious near-term outlook from the earnings call after the KOC-related guidance trim. Technically, the stock remains below key moving averages, which limits the overall score despite improving momentum signals, while valuation and dividend yield are moderately supportive.
Positive Factors
Low Leverage
Conservative leverage gives Hunting resilience across oilfield activity cycles and preserves financial flexibility for investment, customer support, and shareholder returns. The strong equity base also reduces dependence on borrowing while the company works to improve returns and convert its recovery into more consistent performance.
Negative Factors
Weak Cash Conversion
The sharp decline in free cash flow indicates that earnings are not yet translating into cash with consistent strength. Weaker conversion can limit internally funded investment and shareholder distributions, and it leaves performance more exposed to working-capital movements or higher spending during the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Conservative leverage gives Hunting resilience across oilfield activity cycles and preserves financial flexibility for investment, customer support, and shareholder returns. The strong equity base also reduces dependence on borrowing while the company works to improve returns and convert its recovery into more consistent performance.
Read all positive factors
Hunting (HTG) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£546.22M
Dividend Yield2.73%
Average Volume (3M)406.31K
Price to Earnings (P/E)17.4
Beta (1Y)1.01
Revenue Growth-12.20%
EPS GrowthN/A
CountryUK
Employees2,246
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)0.29
Shares Outstanding151,411,620
10 Day Avg. Volume416,184
30 Day Avg. Volume406,311
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
£544.00Price Target Upside33.17% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)0.35
Revenue Forecast (FY)£1.04B
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 products and providing associated services to oil and gas operators and oilfield service companies. Its revenue model is largely project- and activity-driven: when customers drill new wells, comp...
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 | 140.59M | 121.50M | 11.10M | 96.90M | 49.30M | -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
395.07
Negative
424.09
Negative
450.19
Negative
Market Momentum
-1.41
Positive
41.69
Neutral
45.69
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 above the 20-day moving average (MA) of 398.70, above the 50-day MA of 395.07, and below the 200-day MA of 450.19, indicating a bearish trend. The MACD of -1.41 indicates Positive momentum. The RSI at 41.69 is Neutral, neither overbought nor oversold. The STOCH value of 45.69 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | £493.15M | 15.23 | 19.41% | 0.21% | 9.38% | 8.07% | |
68 Neutral | £546.22M | 17.43 | 5.11% | 2.73% | -12.20% | ― | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
64 Neutral | £199.56M | 463.72 | 0.14% | 2.17% | 0.13% | -99.20% | |
60 Neutral | £4.58M | -0.90 | -27.03% | 1.67% | -73.26% | -370.18% | |
49 Neutral | £13.53M | 17.77 | 7.41% | 5.06% | ― | ― |
* Energy Sector Average
GB:HTG
Hunting
377.50
27.34
7.81%
GB:GMS
Gulf Marine Services
17.32
-0.18
-1.03%
GB:POS
Plexus Holdings
2.65
-4.73
-64.09%
GB:CSC
Pressure Technologies
35.00
1.00
2.94%
GB:AT
Ashtead Technology Holdings PLC
609.00
289.88
90.84%
Hunting Corporate Events
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Hunting PLC Cancels Newly Repurchased Shares Under Ongoing Buyback
Positive
Oct 19, 2026
Hunting PLC has continued to execute its previously announced share buyback programme, repurchasing 66,500 ordinary shares between 12 and 16 October 2026 through broker Canaccord Genuity at a volume-weighted average price of 406.36 pence. The move...
Business Operations and StrategyDividends
Hunting PLC Sets Sterling Value for 2026 Interim Dividend
Positive
Oct 16, 2026
Hunting PLC, a global precision engineering group listed in London, designs and manufactures specialised equipment and delivers premium engineering services to energy and industrial customers worldwide. With operations across North America, EMEA, ...
Business Operations and StrategyStock Buyback
Hunting PLC Cancels 75,000 Shares in Ongoing Buyback Programme
Positive
Oct 12, 2026
Hunting PLC has continued to execute its previously announced share buyback programme, repurchasing 75,000 ordinary shares between 5 and 9 October 2026 on the London Stock Exchange at a volume-weighted average price of 386.81 pence. The repurchase...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Hunting PLC Tightens Share Base with Ongoing Buyback
Positive
Oct 5, 2026
Hunting PLC has continued its previously announced share buyback programme with the repurchase of 72,500 ordinary shares between 28 September and 2 October 2026, at a volume-weighted average price of 390.52 pence. The company plans to cancel these...
Stock BuybackRegulatory Filings and Compliance
Hunting PLC Confirms Updated Share Capital and Voting Rights
Neutral
Oct 1, 2026
Hunting PLC, the London-listed precision engineering group, has confirmed its issued share capital at 151,699,623 ordinary shares of 25 pence each as of 30 September 2026, with no shares held in treasury. The company notes that this figure reflect...
Stock BuybackRegulatory Filings and Compliance
Hunting PLC Cancels 75,000 Shares After Buyback
Positive
Sep 28, 2026
Hunting PLC has repurchased 75,000 ordinary shares between 21 and 25 September 2026 under its previously announced buyback programme, paying a volume-weighted average price of 388.80 pence per share. The company plans to cancel these shares, reduc...
Business Operations and StrategyStock Buyback
Hunting PLC Cancels Shares After Latest Buyback Tranche
Positive
Sep 21, 2026
Hunting PLC has continued to execute its previously announced share buyback programme, repurchasing 72,000 ordinary shares between 14 and 18 September 2026 on the London Stock Exchange at a volume-weighted average price of 396.32 pence. The compan...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Hunting PLC Cancels 70,000 Shares Under Ongoing Buyback Programme
Positive
Sep 14, 2026
Hunting PLC has continued executing its previously announced share buyback programme, repurchasing 70,000 ordinary shares between 7 and 11 September 2026 via Canaccord Genuity Limited at a volume-weighted average price of 404.34 pence. The company...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Hunting PLC Cancels Repurchased Shares, Updates Voting Rights Total
Neutral
Sep 7, 2026
Hunting PLC has continued to execute its previously announced share buyback programme, repurchasing 56,000 ordinary shares between 31 August and 4 September 2026 via broker Canaccord Genuity at an average price of about 408 pence. The purchases fo...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Hunting Advances Buyback, Cuts Share Count and Voting Rights
Positive
Sep 1, 2026
Hunting PLC has continued executing its previously announced share buyback programme, repurchasing 107,000 ordinary shares between 24 and 28 August 2026 at a volume-weighted average price of 404.39 pence. The company plans to cancel these shares, ...
Stock BuybackRegulatory Filings and Compliance
Hunting updates total voting rights after share buy-back cancellations
Neutral
Sep 1, 2026
Hunting PLC has confirmed that its issued share capital stood at 152,036,623 ordinary shares as of 31 August 2026, with no shares held in treasury. The updated share count, which reflects cancellations from the company’s share buy-back progr...
Regulatory Filings and Compliance
Hunting PLC Discloses Share Purchase by Non-Executive Director Paula Harris
Positive
Aug 26, 2026
Hunting PLC has disclosed that non-executive director Paula Harris has increased her beneficial holding in the company through a market purchase of ordinary shares on 26 August 2026 in London. Harris acquired 7,300 ordinary shares at 392.0 pence p...
Business Operations and StrategyStock Buyback
Hunting PLC Cancels Newly Repurchased Shares in Ongoing Buyback
Positive
Aug 24, 2026
Hunting PLC has continued its share buyback programme by repurchasing 66,000 ordinary shares between 17 and 21 August 2026 at volume-weighted average prices ranging from 405.50p to 491.75p. The shares were acquired through broker Canaccord Genuity...
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...
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.