Hunting (HTG)

Sector:

Fossil Fuels Production & Distribution

Index:

FTSE Small Cap

393.50p
   
  • Change Today:
    -9.00p
  • 52 Week High: 446.00
  • 52 Week Low: 197.40
  • Currency: UK Pounds
  • Shares Issued: 164.94m
  • Volume: 192,495
  • Market Cap: £649.04m
  • RiskGrade: 258

Hunting's Titan is vulnerable to competition, Credit Suisse says

By Sean Farrell

Date: Friday 28 Feb 2020

LONDON (ShareCast) - (Sharecast News) - Hunting's Titan business is vulnerable to competition, Credit Suisse said as the investment bank reduced its target price for the energy services group's shares.
Hunting shares jumped on 27 February as the company announced its first share buyback and reported a decline in annual profit caused by a slowdown in the US shale gas sector.

The shares' rise was a reaction to the buyback and relief that the results were not worse, Credit Suisse said. The Swiss bank's analysts David Farrell and Chintan Khamar reduced their target price for Hunting to 370.0p from 410.0p and maintained their 'neutral' rating.

The analysts said the technological lead the Titan division had over its rivals in US shale is being eroded as new products are developed, squeezing Titan's margins from 28% in the first half of 2018 to 18% in the first half of 2019. With too much capacity in the US shale market, price pressure is a threat in 2020 as rivals battle with Titan for market share, they added.

The situation will get worse if the lower oil price reduces US shale activity further and the recovery in Hunting's other businesses ran out of steam in the second half of 2019. Farrell and Khamar cut their earnings forecasts for 2020/21 by 2% to be about 15% below consensus.

The bright spot in the results was the outlook for divisional regions, driven by the company's increasing exposure to the offshore energy market, the analysts said.

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 393.50p
Change Today -9.00p
% Change -2.24 %
52 Week High 446.00
52 Week Low 197.40
Volume 192,495
Shares Issued 164.94m
Market Cap £649.04m
RiskGrade 258

Hunting Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
39.08% below the market average39.08% below the market average39.08% below the market average39.08% below the market average39.08% 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
Price Trend
92.45% above the market average92.45% above the market average92.45% above the market average92.45% above the market average92.45% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Income
73.77% below the market average73.77% below the market average73.77% below the market average73.77% below the market average73.77% 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
75.14% above the market average75.14% above the market average75.14% above the market average75.14% above the market average75.14% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% 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 14-Jun-2024

Time Volume / Share Price
16:35 53,034 @ 393.50p
16:35 180 @ 393.50p
16:35 1,695 @ 393.50p
16:35 217 @ 393.50p
16:35 868 @ 393.50p

Hunting Key Personnel

CEO Arthur James Johnson

Top of Page