Hunting (GB:HTG) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Hunting PLC has reported a solid 16% year-on-year rise in EBITDA to approximately $87 million up to Q3 2024, driven by robust performance in its OCTG and Subsea technologies sectors. The company has also secured $300 million in new borrowing facilities to enhance growth opportunities, despite facing challenges in the US onshore market due to low natural gas prices. With a strong order book and improved liquidity, Hunting is focusing on strategic acquisitions to expand its presence in various sectors.
For further insights into GB:HTG stock, check out TipRanks’ Stock Analysis page.
