Hunting (HTG)

Sector:

Fossil Fuels Production & Distribution

Index:

FTSE 250

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

Hunting sees strong trading in rebounding oil and gas sector

By Josh White

Date: Thursday 27 Oct 2022

LONDON (ShareCast) - (Sharecast News) - Energy service provider Hunting reported "continued strong momentum" across all of its operating segments in a trading update on Thursday, with year-to-date group EBITDA reaching $36m by the end of the third quarter.
The company said its sales order book stood at $438m as at 30 September, while its liquidity totalled $187m, including cash and bank of $37m and a $150m lending facility.

It said its outlook was continuing to improve, with the acceleration of activity across the global oil and gas industry.

"The group continues to report a strengthening financial performance, which now extends into 2023," said chief executive officer Jim Johnson.

"With energy security now the top of every political agenda, the outlook for the oil and gas industry remains strong, with market analysts forecasting continued investment growth in the medium term.

"In addition, given the macroeconomic and geopolitical shifts seen in the quarter, management is also of the belief that the global oil and gas industry will particularly benefit from these pressures which continue to build as affordable, secure energy continues to be in demand by western economies, placing Hunting in an excellent position going forward."

Johnson said the firm's management was pleased with the improving performance of each business within the group, which was the result of "significant" cost cutting and restructuring since 2020, as well as the "strong return to growth" of its core markets.

"With the continued success of our subsea technologies business group, I am looking forward to highlighting the value of our technology and service offering in this growth segment of the market.

"Overall Hunting is well placed to grow strongly within the current market environment and with a compelling, diversified product offering across all areas of the global oil and gas market, the group remains well placed to deliver robust growth in the medium term."

At 1044 BST, shares in Hunting were up 2.26% at 243.38p.

Reporting by Josh White for Sharecast.com.

Email this article to a friend

or share it with one of these popular networks:


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 356.50
52 Week Low 187.60
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

Top of Page