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HTG Hunting Plc

3.00 (1.15%)
01 Dec 2023 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Hunting Plc LSE:HTG London Ordinary Share GB0004478896 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  3.00 1.15% 263.00 186,632 16:35:02
Bid Price Offer Price High Price Low Price Open Price
262.00 264.00 264.00 255.00 255.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil & Gas Field Services,nec USD 725.8M USD -4.6M USD -0.0289 -90.66 416.58M
Last Trade Time Trade Type Trade Size Trade Price Currency
17:53:49 O 1 263.00 GBX

Hunting (HTG) Latest News

Hunting (HTG) Discussions and Chat

Hunting Forums and Chat

Date Time Title Posts
22/8/201609:23Hunting Gibson: Undervalued Oil Service Play?1,122
22/7/201415:20Malcolm Graham-Wood , Oil Analysis, bullish on Hunting PLC (HTG)-
26/8/200514:39Hunting Plc1
27/8/200307:41Hunting - profit warning yet directors have been busy buying47

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Hunting (HTG) Most Recent Trades

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Hunting (HTG) Top Chat Posts

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Posted at 02/12/2023 08:20 by Hunting Daily Update
Hunting Plc is listed in the Oil & Gas Field Services,nec sector of the London Stock Exchange with ticker HTG. The last closing price for Hunting was 260p.
Hunting currently has 159,000,000 shares in issue. The market capitalisation of Hunting is £416,580,000.
Hunting has a price to earnings ratio (PE ratio) of -90.66.
This morning HTG shares opened at 255p
Posted at 08/11/2023 21:51 by dope007
Oil demand is their driver not a traded price. Plus they are branching out beyond oil, if slowly
Posted at 08/11/2023 20:37 by elsa7878
Oil price...
Posted at 08/11/2023 20:15 by dope007
Presumably we have a seller in the stock and with little buying interest despite the quality the price suffers. May look to add as it's one of my smaller holdings so would be happy to increase it.
Posted at 08/11/2023 08:33 by edmonda
With both positive trading momentum and order book development, Hunting plc has outlined a clear growth strategy to the end of this decade – not yet reflected in its share price in the opinion of Equity Development.

Coverage initiated with current Fair Value seen at 421p/share, and you can see the full detailed research / listen to a summary here (free access)
Posted at 24/8/2023 11:51 by salpara111
Well, on reflection I am back in at 232.
Sometimes when I get tied up in knots trying to analyse a situation I just ask myself a simple question.
"Is the business doing better than it was at this time last year" for me the answer is yes.
They released a trading update on the 25th August last year which saw the share price rise from 227 to 272.
They are more profitable than they were at this time last year and the forward divi is now close to 5% so all in all not expensive.
We never time our entry and exit perfectly but I would be surprised if we fall much further from here.
Posted at 24/8/2023 11:51 by 40kj
I listened to the presentation and thought I heard insignificant write downs, listen yourself though, it should be online soon.

Seems simple to me. Wood Group results 2 days ago resulted in a jump in share price and short term investors read this across to HTG. Initial market opening there was no drop, but small later drop breeds bigger drop and exiting of positions now leads to the fall.

In summary this is a short term fall.

Analyst now have figures with which to work and so would expect some analyst pricings in next few days. Without checking I think the last pricings were £3.25-£3.5.
Posted at 24/8/2023 09:20 by redwing1
So for those of you who appear incapable of seeing both sides of a story, let's just examine why the share price has fallen today:
1. Earnings were upgraded in early July leading to a 20%+ bounce in the share price in a falling market. Expectations for today were HIGH.
2. Net cash has gone from +$85m to debt of $51m in a year. Yes, the company expects that to reverse to net cash by year end but that is still on trust.
3. Today's other announcement was a closure of facilities and sale of E&P assets. No figures given, but we all know that this means write-downs (again!).

I hold Hunting and still believe that the medium term prospects are encouraging. However, you can see from above that markets are not quite as 'idiotic' as some suggest. Today's share price move simply reflects a small tempering of expectations from a company that has produced very erratic numbers in the past.
Posted at 24/8/2023 08:46 by hunter154
No real volume, so agree that the summer doldrums to blame.
The only negative was that the net cash became net debt debt, but it was explained in the release. WC increased to fund current, higher activity which will reverse out by EOY.
THE Share Price jumped when they had an update after the closed and now on the filing of the interim, with the same numbers it drops.
It seems that good news is bad news in the current market.
Anyway, today’s analyst presentation might help.

The big Hunting 2030 presentation in September should be good.

This is a business that is growing, streamlining and finding new markets and uses for its technology. Longer term, the Share Price will reflect it. A growth company with sub 10 PE re FY24. Ridiculous.
Posted at 11/7/2023 10:50 by limor
A good write up this morning by Questor on Hunting Group
Taking a shot on this specialist supplier could reap rewards amid robust global demand for oil
Questor share tip: With an order book up 15pc since the end of the year Hunting's shares seem under-priced at the moment

Russ Mould
11 July 2023 • 6:00am
It is reassuring to see oil services and equipment specialist Hunting come up with a one-fifth gain in its shares after last week’s trading update.

A second profit forecast upgrade in quick succession, following that of late May, suggests the oil equipment and services market is not as torpid as many believe. The shares largely ignored May’s statement, amid an ongoing slide in oil prices and global rig activity, but they have paid attention this time.

According to Jim Johnson, the chief executive, the order book is up 15pc since the end of the year to around $540m (£421m), thanks to increased activity in Latin America, the Middle East and Asia.

Whether we like it or not, the globe still consumes roughly 100m barrels of oil a day and US shale has provided about nine tenths of global production growth over the past decade.

The Biden administration does not seem keen on encouraging more fracking (even if it also wants to have its cake and eat it by calling for Saudi Arabia to pump more crude to put a lid on oil prices) so activity elsewhere, or at least offshore, may have to take up the slack while the globe manages its transition toward more renewable and less carbon-intensive sources of energy.

The 40pc share price swoon since February meant Hunting was among the worst-performing 10pc of the FTSE All-Share ahead of the trading update.

Painful as that slide was, we still had a book profit as our entry point had been so low. That hopefully helps to justify our value-driven approach and even after last Thursday’s romp the shares look cheap.

Hunting share price

Line chart with 266 data points.
View as data table, Hunting share price
The chart has 1 X axis displaying Time. Data ranges from 2022-06-20 00:00:00 to 2023-07-10 00:00:00.
The chart has 1 Y axis displaying p. Data ranges from 187.6 to 351.5.
End of interactive chart.
The £386m market cap represents a hefty discount to the stated book, or net asset, value of £665m (or £545m if goodwill is excluded), while the absence of any substantial debt should also help to protect the downside.

It also means there is no time pressure on the company to reel in the orders that should continue to underpin analysts’ expectations of a return to profit in 2023 and further advances in 2024 and 2025.

A forward price-earnings ratio of 17 times may not look compelling but this is a company where earnings per share (EPS) exceeded 40p in 2012, 2013 and 2018.

If they ever get there again then the shares are just screamingly cheap, and they still look interesting at even half that level.

Questor says: buy

Ticker: HTG

Share price at close: 250p
ted access to our website and exclusive
Posted at 13/2/2021 09:08 by flyfisher
Henry hub natural gas price is up 40% since jan 1st.

Wti oil price is up 22% over the same period.

Resulting in a 20% increase in the north american rig count since jan 1st.

Yet HTG share price is the same as jan 1st.

We seem to be behind events.
Hunting share price data is direct from the London Stock Exchange

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