Hunting PLC (LSE:HTG) announced a strong trading update for the first half of 2025, with EBITDA growing 16% year-on-year to an estimated $68–$70 million, fueled primarily by solid performance in its OCTG (Oil Country Tubular Goods) division. The company plans to raise its targeted annual dividend by 13% and has initiated a $40 million share buyback programme to enhance shareholder value.
Recent acquisitions, including Flexible Engineered Solutions and Organic Oil Recovery technology, are expected to drive growth and improve capital returns in line with Hunting’s 2030 strategic vision. The firm reported a healthy sales order book of $450 million and a tender pipeline worth $1.1 billion, despite ongoing market volatility. Additionally, restructuring efforts in the EMEA segment are forecasted to generate annual savings of $10 million. Hunting continues to pursue further M&A opportunities to strengthen its market position.
While the outlook reflects strong revenue momentum and a solid balance sheet, profitability challenges and bearish technical indicators present some caution. Positive corporate developments and a competitive dividend yield provide optimism, though valuation concerns persist due to a negative P/E ratio.
About Hunting PLC
Hunting PLC is a precision engineering group serving the oil and gas sector, specializing in OCTG, subsea technologies, and advanced manufacturing. The company operates globally with key markets in North America, Asia Pacific, and EMEA.
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