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
  1.00 0.41% 247.00 54,322 16:35:21
Bid Price Offer Price High Price Low Price Open Price
244.00 246.50 248.50 242.00 248.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil Equipment Services & Distribution 457.87 -163.11 -104.74 407
Last Trade Time Trade Type Trade Size Trade Price Currency
17:37:00 O 887 246.994 GBX

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Hunting Daily Update: Hunting Plc is listed in the Oil Equipment Services & Distribution sector of the London Stock Exchange with ticker HTG. The last closing price for Hunting was 246p.
Hunting Plc has a 4 week average price of 221.50p and a 12 week average price of 221.50p.
The 1 year high share price is 296.80p while the 1 year low share price is currently 120.10p.
There are currently 164,940,082 shares in issue and the average daily traded volume is 189,462 shares. The market capitalisation of Hunting Plc is £407,402,002.54.
cb34: On the website their is a article, Hunting Plc own auditors Deloitte & Touche LLP. Will not support the business as a going concern, they are not sure it will survive. hxxps:// The article is worth a read before investing your money. On a broker site I looked at was showing -116 Interest Cover, the worst it has been for a long time, I was going to buy some shares, but have decided to wait to the interest cover improves a lot. I do think the business could turn around in the future I hope.
cb34: Has everyone noticed that HTG interest cover is now -116.37? What is going on?
robertball: Oil price high
robertball: Oil price how
value hound: Tipped on Master Investor by Mark Watson Mitchell FWIW (I hold).... ============== "Hunting – sounding the horn for the recovery" Hunting has had its ups and downs over the years, but Mark Watson-Mitchell reckons better times are ahead. Although it has been in existence for over 140 years, I have only followed this group for the last four decades. From its origins of shipowning, it ventured into oil tankers, and later it went into aircraft servicing and manufacturing, even owning an airline. Then in 1938, it started oil prospecting in Texas and later moved into Canada, before progressing into petroleum retailing, lubricants and specialised products. It has reinvented and reorganised its operations several times in its history and always shown its ability to adapt to changing fortunes in its marketplace. I can remember having several breakfast and lunchtime meetings in the company’s offices overlooking Nelson’s Column in Trafalgar Square, with Richard Hunting, the group’s former Chairman. I always enjoyed listening to him and his team describing the operations of their business. It has had its ups and its downs over the years. However, I have always been impressed by the professionalism that its management has shown. The gradual metamorphosis Today Hunting (LON:HTG) is an international energy services provider to the world’s leading upstream oil and gas companies. Irrespective of whether it is intended for oil, gas, onshore or offshore, conventional or unconventional, its broad range of products and associated services spans the lifecycle of the wellbore. It manufactures the premium, high-end tools and components that are required to extract hydrocarbons across that lifecycle of an oil and gas well. An impressive portfolio of intellectual property Hunting’s substantial IP portfolio is a significant barrier to entry for competitors and allows it to defend margins and offer more operational flexibility, particularly in a downturn. It has a truly global footprint, employing nearly 3,000 people operating in 11 countries with distribution and with the use of its products extending well beyond those countries. Recent results The group declared its final results for the 2020 year two weeks ago and its Report and Accounts are due to be published this coming Thursday (18). The group’s AGM is due on 21 April, at which time we should get the latest trading update. The reported finals showed that 2020 was not a good year for the group, which was understandable due to the massive reduction of activity in the global oil and gas marketplace. Last year’s revenues fell from $960m to just $626m, while 2019’s $93.1m pre-tax profit was replaced with an underlying adjusted $19.4m loss. Current estimates But oil prices have moved significantly better in the last few months and better times are now being anticipated. Estimates for the current year suggest similar revenues, with the loss falling to only $5.4m. Going into 2022 sales could pick up slightly to $650m, with a break back upwards into profitability of around $5m. Undervalued assets On the face of it, that looks both dismal and dull, but I have faith in the group’s management to safely turn the group’s profitability around before resuming its previous growth path. The group had net assets of $976m, at the last balance sheet date, with $101.7m cash in the bank. With some 165m shares in issue the group is today capitalised at only £454m ($630m). It is obvious that the group has a strong enough balance sheet and cashflow to cope with its recovery back into profitability this year. About £702m of assets shows the company standing at around a 35% discount. Broker ratings Brokers are not in unison as to their price objectives for the group’s shares – RBS rate the shares a ‘sector perform’ up to 305p, while Jefferies rate the shares as a ‘buy’ looking for 360p. Barclays raised its price from 260p to 300p and recommend ‘overweight217; portfolio positions. Less than three years ago the shares were trading at 845p, but by September of last year they had eased back to just 120p. At the start of this month the shares peaked at 297p, and they closed at 275p last Friday night. My view I am looking for the shares to be back over that peak and heading for 350p fairly soon and then head even higher. Accordingly, I now set my target price at 350p.
flyfisher: Broker note, We switch both Hunting and Tenaris to “buy”, as “we near the trough in the US onshore rig count and expect the downturn to result in ‘better’ shale, with lower but more sustainable growth.” Tenaris and Hunting are our most shale exposed names within our European coverage and our prior ratings were driven by an expectation for a faster activity slowdown in the US markets than elsewhere as the oil price declined, which has largely played out. The rig count is down c.65% since the peak in March, and we see limited further downside based on our US team’s forecasts. US shale is a shorter cycle business for oil services companies, so we expect to see a faster recovery in this market. While we still see capex pressure and low FIDs in 2021 as long-cycle investment takes more time to recover, US shale spend can rebound much faster as it did in 2017-18. While the growth rate for shale is forecast to be modest, the high underlying decline rates mean that activity for services names should be higher just to replace existing production. Consolidation of US operators should result in less pricing power this upturn for Tenaris and Hunting, but higher exposure to majors and larger US E&Ps should result in a more stable growth market, especially as financing continues to be tighter for smaller E&Ps. Both Tenaris and Hunting have strong, net cash balance sheets which should strengthen during the downturn this year as working capital unwinds. They also both have strong management teams with a focus on robust balance sheets. We expect to see a bigger premium put on stronger balance sheets as the European OFS sector continues to see high leverage and refinancing risks. We increase our Hunting PT to 340p based on 7.3x 2020-23E EBITDA.
hollow88: its as predictable as they get this one... it would be good if it could push through to 260 before a start of a downward trend. I guess it all depends on how the market reacts to a company report that's due in this week, which I would expect to signs of promise in a challenging field. Despite the considerable interest in alternative fuels ATM , IMO this support business to the oil industry remains fundamentally pretty robust, and in any case moves with big oil and barrel price.
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.
burtond1: What a year for the Oil and Gas Industry! Here at @TMsreach we look at 10 Oil and Gas Companies that should be worth following over the next 12 months.Companies covered include : #BLOE #ECHO #ECO #HTG #NTOG #PFC #PPC #PXEN #UJO #ZPHR
value hound: I thought this was an interesting article; hxxps:// "Oil is dirt cheap and going higher – here’s the best ways to invest" If this does prove to be the case, as seems likely to me, then I can't think of a better way to play it with such enormous downside protection than HTG?
Hunting share price data is direct from the London Stock Exchange
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