Hunting plc with ticker (LON:HTG) now has a potential upside of 23.7% according to Berenberg Bank.
Berenberg Bank set a target price of 365 GBX for the company, which when compared to the Hunting plc share price of 295 GBX at opening today (07/02/2024) indicates a potential upside of 23.7%. Trading has ranged between 190 (52 week low) and 346 (52 week high) with an average of 356,049 shares exchanging hands daily. The market capitalisation at the time of writing is £487,052,435.
Hunting PLC is a United Kingdom-based company, which specializes in the global manufacture, trade and rental of equipment for the energy industry. It provides components and tools to companies that explore, develop, and produce oil and gas resources and to those primary service companies. Its segments include Hunting Titan, North America, Subsea Technologies, Europe, Middle East and Africa (EMEA), and Asia Pacific. The Hunting Titan segment manufactures and distributes a range of well completion products and accessories. The North America segment businesses supply connections, oil country tubular goods (OCTG), subsea equipment, intervention tools, electronics and complex deep hole drilling and precision machining services for the United States, Canada and overseas markets. Its products and services include Perforating and Logging Systems; Connection Technology and OCTG; Subsea Technologies; Advanced Manufacturing; Well Intervention Equipment; Well Test and Process Systems and others.
Hunting plc 23.7% potential upside indicated by Berenberg Bank
- Written by: Charlotte Edwards
Latest Company News
Hunting plc delivers strong Q3 results with 15% EBITDA growth, steady margins, and continued momentum across core units, says Canaccord Genuity in reaffirmed BUY note.
Hunting’s Subsea Spring unit will supply six titanium stress joints for a phase three deepwater gas development in the Turkish Black Sea, adding $31 million to its order book and lifting subsea sales to around $125 million.
Hunting PLC achieved H1 2025 EBITDA of c.$68–70 million, up c.16% year-on-year, and an EBITDA margin of c.13%, driving cash of c.$79 million at 30 June 2025.
In a recent interview, Gervais Williams shares insights on Hunting plc's robust growth and innovative energy recovery solutions, highlighting its potential in today's market.
Hunting PLC has acquired Organic Oil Recovery technology for $17.5 million, gaining global rights to over 25 patents and enhancing its oil recovery capabilities.
