Hunting (HTG)

Sector:

Fossil Fuels Production & Distribution

Index:

FTSE Small Cap

330.50p
   
  • Change Today:
    -3.50p
  • 52 Week High: 339.00
  • 52 Week Low: 197.40
  • Currency: UK Pounds
  • Shares Issued: 164.94m
  • Volume: 211,726
  • Market Cap: £545.13m
  • RiskGrade: 258

RBC Capital Markets lowers target price on Hunting

By Iain Gilbert

Date: Friday 27 Aug 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at RBC Capital Markets decreased their target price on energy services provider Hunting from 300.0p to 275.0p on Friday after the group issued lower-than-expected full-year underlying earnings guidance.
RBC Capital said Hunting's interim results were "broadly in line with expectations" and reflected ongoing trading challenges stemming from the Covid-19 pandemic and a and slower-than-anticipated recovery in oil and gas spending by its customers.

However, while Hunting's Titan revenues recovered "slightly more quickly than anticipated", its performance in the Asia Pacific region and Europe, Middle East and Africa were both weaker.

RBC Capital, which maintained its 'sector perform' rating on the stock, stated Hunting had suffered continued caution in its customer base into the third quarter and now expects full-year 2021 EBITDA to be around $10.0m lower year-on-year - roughly $10.0-15.0m lower than the analysts previous expectation and consensus.

The Canadian bank said: "Although we are optimistic that US E&P spending should increase in FY22 due to improved hedging prices, boosting both the Titan and US divisions, we think EMEA could continue to be weak. Hunting also expects there to be some inflation in raw material prices, particularly in steel, from H2 and into FY22, which is likely to reduce margins slightly from our previous expectations."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Hunting Market Data

Currency UK Pounds
Share Price 330.50p
Change Today -3.50p
% Change -1.05 %
52 Week High 339.00
52 Week Low 197.40
Volume 211,726
Shares Issued 164.94m
Market Cap £545.13m
RiskGrade 258

Hunting Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
15.21% above the market average15.21% above the market average15.21% above the market average15.21% above the market average15.21% above the market average
75% below the sector average75% below the sector average75% below the sector average75% below the sector average75% below the sector average
Price Trend
75.09% above the market average75.09% above the market average75.09% above the market average75.09% above the market average75.09% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Income Not Available
Growth
73.64% above the market average73.64% above the market average73.64% above the market average73.64% above the market average73.64% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 5
Buy 1
Neutral 2
Sell 0
Strong Sell 0
Total 8
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Hunting Dividends

  Latest Previous
  Final Interim
Ex-Div 11-Apr-24 05-Oct-23
Paid 10-May-24 27-Oct-23
Amount 5.00¢ 5.00¢

Trades for 28-Mar-2024

Time Volume / Share Price
16:58 170 @ 332.82p
16:35 133,626 @ 330.50p
16:35 1 @ 330.50p
16:35 391 @ 330.50p
16:35 367 @ 330.50p

Hunting Key Personnel

CEO Arthur James Johnson

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