Hunting plc with ticker (LON:HTG) now has a potential upside of 32.0% 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 277 GBX at opening today (12/01/2024) indicates a potential upside of 32.0%. Trading has ranged between 190 (52 week low) and 354 (52 week high) with an average of 169,296 shares exchanging hands daily. The market capitalisation at the time of writing is £483,630,000.
Hunting PLC is a United Kingdom-based international energy services provider. The Company 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. Hunting Titan segment manufactures and distributes a range of well completion products and accessories. Its products include H-2 and H-3 gun systems, ControlFire switches, EQUAfrac shaped charges, the T-Set line of setting tools, and the PowerSet family of power charges. North America segment supplies oil country tubular goods (OCTG), connections, subsea equipment, intervention tools, electronics and complex deep hole drilling and precision machining services for the United States and overseas markets. The Asia Pacific segment manufactures OCTG connections and accessories and well intervention equipment in Indonesia and Singapore.
Hunting plc 32.0% 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.
