Hunting (HTG)

Sector:

Fossil Fuels Production & Distribution

Index:

FTSE 250

325.50p
   
  • Change Today:
    -2.50p
  • 52 Week High: 356.50p
  • 52 Week Low: 187.60p
  • Currency: UK Pounds
  • Shares Issued: 143.52m
  • Volume: 446,210
  • Market Cap: £467.15m
  • RiskGrade: 258
  • Beta: 0.03

Berenberg raises target price on Hunting

By Iain Gilbert

Date: Friday 02 Sep 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg raised their target price on oil and gas industry supplier Hunting from 275.0p to 325.0p on Friday, stating momentum was building into an improving outlook.
Berenberg said Hunting had delivered "strong" interim results on 25 August that were broadly in line with consensus for revenue but also included "a strong beat" for underlying earnings at $21.0m versus guidance of $16.0m-18.0m.

In addition to this, Berenberg noted that Hunting's management expects improved delivery into the second half and 2023, supported by high commodity prices and a growing backlog. It also added that further margin growth was likely through operational gearing as utilisation levels continue to increase.

"Gradually increasing US activity levels, combined with the potential for an offshore and international recovery, leave the stock attractively valued, in our view," said the German bank, which also reiterated its 'buy' rating on the stock.

"Momentum has clearly accelerated during the first half of the year, with Q2 EBITDA more than double Q1 levels at circa $13.9m, driven by the Hunting Titan segment. Further improvements to profitability during H2 are expected due to an order book which nearly doubled from $215.0m at year-end to circa $400.0m at the end of August. We expect further margin growth to materialise into 2023, mainly driven by improved utilisation due to the high level of operational gearing."





Reporting by Iain Gilbert at Sharecast.com

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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 325.50p
Change Today -2.50p
% Change -0.76 %
52 Week High 356.50p
52 Week Low 187.60p
Volume 446,210
Shares Issued 143.52m
Market Cap £467.15m
Beta 0.03
RiskGrade 258

Hunting Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
67.35% below the market average67.35% below the market average67.35% below the market average67.35% below the market average67.35% below the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average
Price Trend
96.03% above the market average96.03% above the market average96.03% above the market average96.03% above the market average96.03% 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
Income
100% below the market average100% below the market average100% below the market average100% below the market average100% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
80.73% below the market average80.73% below the market average80.73% below the market average80.73% below the market average80.73% below the market average
75% below the sector average75% below the sector average75% below the sector average75% below the sector average75% below the sector average

What The Brokers Say

Strong Buy 5
Buy 1
Neutral 4
Sell 0
Strong Sell 0
Total 10
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
  Interim Final
Ex-Div 06-Oct-22 21-Apr-22
Paid 28-Oct-22 13-May-22
Amount 4.50¢ 4.00¢

Trades for 07-Feb-2023

Time Volume / Share Price
16:45 5,000 @ 323.50p
16:45 5,000 @ 323.50p
16:39 17,793 @ 326.23p
16:35 100,000 @ 328.63p
16:35 105,002 @ 325.50p

Hunting Key Personnel

CEO Arthur James Johnson

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