Hunting PLC’s (LSE:HTG) unit, Hunting Energy Services Production Technology, has won a major contract in Brazil to deploy its Organic Oil Recovery (OOR) technology—its first project in South America. The agreement covers sampling and performance tests across 20 wells, underscoring the company’s push to broaden its subsea footprint and demonstrating the potential of OOR to boost reservoir output and extend field profitability.

The company’s broader outlook shows firm revenue momentum and a healthy balance sheet, though profitability pressures and weak technical indicators temper the picture. While corporate developments and a respectable dividend yield add some support, the company’s negative P/E ratio continues to raise valuation questions.

More about Hunting

Hunting PLC is a global precision engineering specialist known for high-quality manufactured equipment and advanced services. Founded in 1874 and listed on the London Stock Exchange, the company operates across the UK, China, India, the U.S., and other key markets. Its business spans five reporting segments, with core product categories including OCTG, Perforating Systems, and Subsea solutions.

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