Hunting plc with ticker (LON:HTG) now has a potential upside of 42.4% according to Barclays.
Barclays set a target price of 420 GBX for the company, which when compared to the Hunting plc share price of 295 GBX at opening today (19/09/2023) indicates a potential upside of 42.4%. Trading has ranged between 190 (52 week low) and 354 (52 week high) with an average of 362,494 shares exchanging hands daily. The market capitalisation at the time of writing is £494,792,269.
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 42.4% potential upside indicated by Barclays
- Written by: Charlotte Edwards
Latest Company News
Hunting says Chief Executive Jim Johnson has given notice of his intention to retire as a director by mid-2027, with the Nomination Committee beginning a succession process.
Hunting has announced $63.5 million of new orders for its titanium stress joint product line for an offshore project in Guyana. Together with $4.4 million of related awards since December 2025, the contracts strengthen its position in FPSO-linked subsea work and are expected to contribute to earnings through 2028.
Hunting PLC announced an update to its cost reduction programme alongside changes to its capital allocation strategy. The company outlined measures aimed at improving efficiency and supporting long-term financial performance.
Hunting plc references Buccaneer Energy’s announcement confirming a 100% increase in oil production during a pilot of its Organic Oil Recovery technology at the Pine Mills field.
Hunting has confirmed that its recently acquired OOR business has won its first sampling and testing contract in Brazil.
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.
