ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

HTG Hunting Plc

414.50
0.00 (0.00%)
13 Sep 2024 - 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
  0.00 0.00% 414.50 187,116 16:29:59
Bid Price Offer Price High Price Low Price Open Price
415.00 416.50 422.00 394.00 394.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil & Gas Field Services,nec USD 929.1M USD 117.1M USD 0.7395 5.61 656.35M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:36:30 AT 500 414.50 GBX

Hunting (HTG) Latest News

Hunting (HTG) Discussions and Chat

Hunting Forums and Chat

Date Time Title Posts
30/8/202415:23HTG1,321
22/8/201610:23Hunting Gibson: Undervalued Oil Service Play?1,122
22/7/201416:20Malcolm Graham-Wood , Oil Analysis, bullish on Hunting PLC (HTG)-
26/8/200515:39Hunting Plc1
27/8/200308:41Hunting - profit warning yet directors have been busy buying47

Add a New Thread

Hunting (HTG) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

Hunting (HTG) Top Chat Posts

Top Posts
Posted at 14/9/2024 09:20 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 414.50p.
Hunting currently has 158,348,164 shares in issue. The market capitalisation of Hunting is £656,353,140.
Hunting has a price to earnings ratio (PE ratio) of 5.61.
This morning HTG shares opened at 394p
Posted at 29/8/2024 08:39 by dope007
Nothing XAMF and I like you couldn't believe I could buy at this mornings price. The UK mkt is full of imbeciles
Posted at 29/8/2024 08:17 by aishah
*RBC RAISES HUNTING PRICE TARGET TO 500 (450) PENCE - 'OUTPERFORM'
Posted at 10/7/2024 13:18 by edmonda
The pre-close update of Hunting plc showed further strong momentum driven by International and Subsea markets.
Equity Dev still think HTG is wrongly trading on value rather than growth multiples and see fair value at 436p/share. See and hear their new research note:
Posted at 08/7/2024 08:47 by stevieweebie2
Villa
I got an e mail yesterday from Investegate informing me of an RNS today for HTG trading update.
I expected pre open but could be anytime or on close.
Posted at 06/6/2024 18:03 by tole
https://masterinvestor.co.uk/equities/tortillas-fast-cars-and-the-internet/Hunting ( LON:HTG) – Trading Update Early Next MonthThe global engineering group has announced another significant contract with the Kuwait Oil Company, to supply its oil country tubular goods, worth $86m.That takes the KOC orders up to $231m for OCTG casing.CEO Jim Johnson stated that:"We would again like to thank KOC for this order and the confidence shown in Hunting's proprietary premium connection technologies and strategic OCTG supply chains.The order supports our improving outlook for 2025, as international and offshore activity continue to accelerate."Analyst Daniel Slater at Zeus Capital is looking forward to the group's next Trading Update on Tuesday 9th July.He is looking for the current year to end December to show sales up to $1.08bn ($929m) with adjusted pre-tax profits of $91.2m ($50.0m), lifting earnings to 38.8c (20.3c) and covering a 13.0c (10.0c) per share dividend.This £682m capitalised group's shares look excellent value at 411p.
Posted at 03/6/2024 08:06 by edmonda
More excellent news, with a second material OCTG order with Kuwait Oil Co, worth $86m for delivery in 2025. The OCTG casing and connections for this order are similar to the first order in May.
Strong momentum at HTG continues, with sales order book now at a record $751m 👋👋
Posted at 17/4/2024 08:14 by masterfly7
Ahead of management expectations and the share price is down 4% - that’s LSE!

‘Positive start to the year, with EBITDA of c.$28.9 million during Q1 2024 (Q1 2023 - c.$22.4 million), marginally ahead of management's expectations.’
Posted at 17/4/2024 07:36 by edmonda
"On track to deliver further progress in FY24" - new research report here:

Commentary and financial metrics in Hunting’s AGM/Q1 update confirm that the company has progressed in line with its FY24 targets thus far in year-to-date trading. Q124 EBITDA was well ahead year-on-year. This represents a good step towards the flagged US$125m-135m range for the year, with ongoing momentum in the strongest market segments.

Group revenue has continued to grow well, being up c.16% year-on-year in Q1 and c.7% ahead compared to Q423, a strong quarterly close to FY23. Shipments against previously disclosed large contracts in the OCTG and Subsea product groups and broad business development in Advanced Manufacturing have been the primary drivers in generally firm underlying markets.

While the group order book has nudged c. US$21m lower than the year end position as larger orders are worked through, US$544m on hand at the end of March still represents a strong position in a historic context. We are also aligned with management expectations for inventory positions unwinding over the remainder of the year.

Updating our P/E and DCF methodology for market movements (including £/US$1.25) now yields a blended fair value for Hunting of 436p / share: up from 407p and over 20% above the current share price.
Posted at 24/8/2023 10:20 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 11/7/2023 11:50 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

By
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
Hunting share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock