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Hunting
(LSE:HTG)
Hunting (HTG) vs. S&P 500 (SPY)
Hunting Business Overview & Revenue Model
Hunting Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 945.10M | 929.10M | 725.80M | 521.60M | 626.00M | 960.00M | Gross Profit |
| 248.70M | 227.70M | 171.40M | 99.40M | 124.80M | 266.40M | EBIT |
| 74.90M | 61.00M | 11.90M | -46.10M | -41.70M | 59.50M | EBITDA |
| 101.80M | 96.90M | 40.40M | -39.10M | -160.70M | 122.00M | Net Income Common Stockholders |
| 127.30M | 117.10M | -4.60M | -85.80M | -234.70M | 39.70M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 45.50M | 45.50M | 29.40M | 115.20M | 102.90M | 129.10M | Total Assets |
| 1.22B | 1.22B | 1.05B | 1.01B | 1.11B | 1.42B | Total Debt |
| 78.90M | 78.90M | 39.40M | 36.70M | 45.40M | 50.70M | Net Debt |
| 33.40M | 33.40M | 10.00M | -71.70M | -57.50M | -77.90M | Total Liabilities |
| 265.20M | 265.20M | 203.10M | 140.30M | 136.90M | 193.30M | Stockholders Equity |
| 953.80M | 953.80M | 844.60M | 869.90M | 964.40M | 1.21B |
| Cash Flow | Free Cash Flow | ||||
| 85.10M | 15.30M | -52.70M | 22.90M | 39.30M | 106.80M | Operating Cash Flow |
| 107.80M | 49.30M | -36.80M | 28.60M | 51.00M | 137.20M | Investing Cash Flow |
| -27.70M | -32.40M | -10.50M | 13.60M | -44.90M | -45.30M | Financing Cash Flow |
| -45.10M | 0.00 | -28.30M | -35.80M | -34.90M | -33.40M |
Hunting Technical Analysis
Hunting Peers Comparison
Hunting Corporate Events
Hunting PLC announced that Ben Willey, a member of its executive committee, purchased 8,688 ordinary shares of the company, increasing his total holding to 87,198 shares, which represents 0.05% of the company’s share capital. This transaction reflects a personal investment by a senior executive, potentially signaling confidence in the company’s future performance and stability, which could have positive implications for stakeholders and market perception.
Hunting PLC announced new contract wins totaling $38 million for its Subsea Technologies division. The contracts include $23 million for decommissioning projects in the North Sea and a $15 million order for titanium stress joints in the Gulf of Mexico. These wins increase the division’s sales order book from $72.5 million to $85 million as of March 31, 2025. The new contracts highlight Hunting’s ability to provide comprehensive subsea solutions throughout the lifecycle of oil and gas fields, strengthening its market position in deepwater regions.
Hunting PLC has released its full year results for 2024 and announced the availability of its Annual Report and Accounts, along with the Notice of Annual General Meeting (AGM) scheduled for April 16, 2025. The AGM will be held at the Royal Automobile Club in London and will include a presentation by the Chief Executive. Shareholders can access the meeting online and are encouraged to submit questions in advance. This announcement underscores Hunting’s commitment to transparency and engagement with its stakeholders, potentially impacting its market positioning positively.
Hunting PLC has announced a restructuring of its EMEA operating segment, initially revealed in January 2025. The restructuring involves closing the Netherlands OCTG site, consolidating manufacturing activities in the UK and Dubai, and reducing headcount in the EMEA segment. These actions aim to achieve annual cost savings of approximately $10 million and restore profitability by Q1 2026, with further details to be provided in the upcoming Q1 2025 Trading Update.
Hunting PLC, a company involved in the energy sector, announced that Daniel Tan, an executive committee member, has purchased 218,565 ordinary shares of the company at a price of 295.5 pence per share. This acquisition increases Tan’s total holding to 385,720 shares, representing 0.23% of the company’s share capital, potentially signaling confidence in the company’s future prospects.
Hunting PLC announced that under its Directors’ Remuneration Policy and Annual Performance-Linked Bonus Plan, 25% of the post-tax value of the 2024 annual bonus for Executive Directors has been delivered in shares. Jim Johnson received 48,172 shares and Bruce Ferguson received 15,083 shares, which are to be retained for a minimum of two years. This move reflects the company’s commitment to aligning executive compensation with shareholder interests, potentially impacting stakeholder confidence and company operations by reinforcing executive investment in the company’s future.
Hunting PLC announced the partial vesting and exercise of nil cost share awards under the Hunting Performance Share Plan for executive directors and members of the Hunting Executive Committee. The transactions involved the sale of shares to cover tax liabilities at an average price of 295.5 pence. This move reflects the company’s ongoing commitment to aligning executive compensation with performance metrics, potentially impacting shareholder value and market perception.
Hunting PLC has announced a change in its major holdings, with Equiniti Trust (Jersey) Limited, acting as a trustee for the Hunting PLC Employee Benefit Trust, adjusting its voting rights in the company. The notification indicates a decrease in voting rights from 4.106579% to 3.626582%, reflecting a shift in the company’s shareholder structure. This adjustment may influence the company’s governance and decision-making processes, potentially impacting its strategic direction and stakeholder interests.
Hunting PLC reported significant revenue and profit growth for the year ended December 2024, driven by international and offshore markets. The company achieved a 13% increase in revenue to $1,048.9 million and a 23% rise in EBITDA to $126.3 million. Despite a statutory loss before tax due to a non-cash impairment, Hunting is progressing with its strategic objectives, securing major contracts and expanding its manufacturing capabilities. The company is also focusing on energy transition projects and restructuring efforts to enhance long-term profitability.
Hunting PLC announced a change in major holdings as BlackRock, Inc. has adjusted its voting rights in the company to below 5%, both directly and through financial instruments. This shift in holdings could impact Hunting’s shareholder dynamics and influence its strategic decisions, as BlackRock’s previous position was above the 5% threshold, indicating a significant stake in the company.
Hunting PLC has appointed Catherine Krajicek as a new independent, non-executive director, effective immediately. With extensive experience in the oil and gas industry, Krajicek’s appointment is expected to bring valuable customer insights and perspectives as the industry undergoes transformation. Her role will be crucial in guiding Hunting’s strategic direction, particularly in technology and innovation, to adapt to changing market demands.
Hunting PLC announced the sale of its 23% equity investment in Rival Downhole Tools L.C. for $13.1 million, receiving $12.0 million in cash post adjustments. This move aligns with Hunting’s 2030 Strategy to focus on core businesses and provides additional funds for strategic acquisitions, potentially impacting its market positioning and growth opportunities.
Hunting PLC has completed the sale of its 23% equity stake in Rival Downhole Tools L.C. for $13.1 million, receiving $12.0 million in cash after adjustments. This sale aligns with Hunting’s 2030 Strategy to focus on core businesses and provides additional funds for strategic acquisitions, potentially enhancing its market position.
Hunting PLC announced an investor presentation to discuss its FY2024 results, scheduled for March 6, 2025. The event is aimed at existing and potential shareholders, reflecting Hunting’s strategy to expand in the oil and gas industry and energy transition sectors, and indicates a focus on strengthening its market presence and stakeholder engagement.
Hunting PLC announced the retirement of Annell Bay from its Board after a decade of service, where she notably chaired the Remuneration Committee since 2018 and developed a significant 2024 Directors’ Remuneration Policy. Paula Harris has been appointed as the new Chair of the Remuneration Committee, signaling a seamless transition in leadership and continuity in the company’s governance.
Hunting PLC announced a change in the voting rights held by BlackRock, Inc., a major shareholder, which saw a reduction in their total voting rights from 7.57% to 6.16%. This adjustment in shareholder stakes might influence Hunting’s strategic decisions and reflects the dynamic nature of investor relations within the company.
Hunting PLC has announced a major restructuring of its EMEA operating segment, prompted by a review of its European operations and UK government energy strategies. The restructuring will align Hunting’s cost base with the region’s medium-term outlook amid changes in market and trading conditions, aiming for cost savings of up to $10 million.
Hunting PLC released its 2024 year-end trading update, reporting strong strategic progress aligning with its Hunting 2030 Strategy. The company achieved significant milestones within its OCTG and Subsea product groups, with revenue expected to be between $1,040-$1,050 million and EBITDA between $123-$126 million. The company experienced strong cash generation and closed the year with a robust order book of approximately $500 million. Looking ahead to 2025, Hunting anticipates continued EBITDA growth supported by a strong order book and cost savings initiatives, despite volatile market conditions. The company plans to restructure its EMEA operations and pursue earnings accretive acquisitions in subsea opportunities, with a focus on North and South America, the Middle East, and Asia Pacific.
Hunting PLC announced an investor presentation for their upcoming trading update on January 14, 2025, with key executives Jim Johnson and Bruce Ferguson leading the session. The presentation, hosted by Investor Meet Company, aims to provide insights into Hunting’s financial performance for the year ending December 31, 2024, potentially impacting stakeholders’ perspectives on the company’s market positioning and operational strategies.