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Hunting plc

HTG.L

Latest Trade

270.00GBp

Change

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Today's Range

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52 Week Range

120.10

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297.00

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Latest Developments

Hunting Plc FY EBITDA Falls

March 4 (Reuters) - Hunting PLC <HTG.L>::RESULTS FOR THE YEAR ENDED 31 DECEMBER 2020.FY EBITDA 26.1 MILLION USD VERSUS 139.7 MILLION USD YEAR AGO.FY REVENUE 626 MILLION USD VERSUS 960 MILLION USD YEAR AGO.EARLY WEEKS OF 2021 HAVE SEEN STEADY INCREASE IN NUMBER OF KEY MARKET INDICATORS, INCLUDING RISING WTI OIL PRICE & IMPROVING RIG COUNT.ENTERS 2021 A LEANER ORGANISATION, WITH ITS GLOBAL CAPABILITIES INTACT AND POISED TO CAPITALISE ON ANY NEW OPPORTUNITIES PRESENTED.FINAL DIVIDEND OF 4.0 CENTS PER SHARE PROPOSED (2019 - NIL).

Hunting Plc Says In Year To Nov 30, Group EBITDA Has Been C.$26m

Dec 17 (Reuters) - Hunting PLC <HTG.L>::2020 YEAR END TRADING UPDATE.IN YEAR TO 30 NOVEMBER 2020, GROUP EBITDA HAS BEEN C.$26M, WITH Q4 2020 LIKELY TO REPORT A SMALL EBITDA LOSS.OUR YEAR END HEADCOUNT WILL BE BELOW 2,000 EMPLOYEES, OR A REDUCTION OF 34% SINCE START OF 2020.

Hunting To Divest Unit To Rival Downhole Tools In Exchange For 23.5% Equity Stake

Dec 15 (Reuters) - Hunting PLC <HTG.L>::HUNTING PLC - ASSET DIVESTMENT AND EQUITY INVESTMENT.HUNTING PLC - RIVAL HAS ACQUIRED OPERATING ASSETS OF HUNTING ENERGY SERVICES.HUNTING PLC - BUSINESS AND OPERATING ASSETS HAVE BEEN CONTRIBUTED BY HESDT TO RIVAL IN EXCHANGE FOR A 23.5% EQUITY INTEREST.HUNTING PLC - RIVAL'S LEADERSHIP TEAM WILL REMAIN IN THEIR EXISTING ROLES AND HESDT'S GENERAL MANAGER WILL JOIN EXPANDED BUSINESS..HUNTING PLC - RIVAL'S BOARD OF MANAGERS WILL BE EXPANDED WITH HUNTING APPOINTING A BOARD MANAGER TO OVERSEE ITS RIGHTS AND OBLIGATIONS.

Hunting Plc Sees Q4 Revenue Run Rate Slightly Lower Than Q3

Oct 27 (Reuters) - Hunting PLC <HTG.L>::HUNTING PLC - Q3 2020 TRADING UPDATE.HUNTING PLC - Q3 RESULTS REFLECT LOW LEVELS OF ACTIVITY CAUSED BY IMPACT OF COVID-19 ON GLOBAL ENERGY DEMAND.HUNTING PLC - BELIEVE THAT IN CERTAIN SUB-SECTORS OF MARKET, INCLUDING AREAS OF US ONSHORE MARKET, ACTIVITY LEVELS HAVE NOW STABILISED.HUNTING PLC - MONTHLY REVENUE HAS INCREASED WITHIN HUNTING TITAN AND ASIA PACIFIC SEGMENTS DURING QUARTER.HUNTING PLC - REVENUE RUN RATE FOR Q4 MAY BE SLIGHTLY LOWER THAN Q3 DUE TO USUAL SEASONAL SLOWDOWN.HUNTING PLC - CLIENT ACTIVITY SHOULD IMPROVE DURING 2021.HUNTING PLC - IN YEAR TO DATE, GROUP EBITDA HAS BEEN C.$28M, WITH Q3 2020 EBITDA SHOWING A BROADLY BREAK-EVEN RESULT.HUNTING PLC - GROUP CONTINUES TO REPORT A STRONG CASH POSITION OF C.$69M, BEFORE LEASE LIABILITIES, AS AT 30 SEPTEMBER 2020.HUNTING PLC - INVENTORY LEVELS AT END OF QUARTER WERE C.$315M, REFLECTING A REDUCTION FROM 2019 YEAR-END POSITION..HUNTING PLC - CAPITAL INVESTMENT CONTINUES TO BE LOW COMPARED TO PRIOR PERIOD, WITH YEAR-TO-DATE EXPENDITURE TOTALLING C.$13M..HUNTING PLC - HUNTING'S US BUSINESSES HAVE REPORTED POSITIVE EBITDA IN QUARTER.

Hunting PLC Posts HY Underlying EBITDA of $28.4 Mln

Aug 27 (Reuters) - Hunting PLC <HTG.L>::HUNTING PLC - HALF-YEAR RESULTS.HUNTING PLC - HY REVENUE $377.7M (H1 2019 - $508.9M).HUNTING PLC - HY UNDERLYING EBITDA $28.4M (H1 2019 - $77.4M).HUNTING PLC - SECOND INTERIM DIVIDEND DECLARED FOR H1 2020 OF 2.0 CENTS (H1 2019 - 5.0 CENTS).HUNTING PLC - OUTLOOK FOR REMAINDER OF YEAR REMAINS UNCERTAIN.HUNTING PLC - TWO MANUFACTURING FACILITIES AT OKLAHOMA CITY AND RAMSEY ROAD, HOUSTON COMMENCED WINDING DOWN FOR MOTH-BALLING AND CLOSURE IN H1 2020.HUNTING PLC - PLANS IN PLACE FOR AMALGAMATION OF SINGAPORE FACILITIES, SHORTLY TO BE COMMENCED.HUNTING PLC - HEADCOUNT REDUCED BY 624 IN H1 2020 TO 2,332 AS AT 30 JUNE 2020 (31 DECEMBER 2019 - 2,956).HUNTING PLC - MANAGEMENT ANTICIPATES AN IMPROVING Q4 2020, SUBJECT TO IMPACT OF PANDEMIC REMAINING MATERIALLY UNCHANGED FROM CURRENT POSITION.

Hunting Says 25% Reduction In Group's Workforce

June 29 (Reuters) - Hunting PLC <HTG.L>::HUNTING PLC - RAPID ACTION TO ADDRESS COST BASE IMPLEMENTED, WITH ANNUALISED SAVINGS OF CIRCA.$60M CAPTURED.HUNTING PLC - TRADING WITHIN MOST OF GROUP'S BUSINESSES HAS REPORTED A DECLINE DURING Q2 2020, FOLLOWING MODEST TRADING RESULTS IN Q1 2020.HUNTING - UNDERLYING EBITDA IN YEAR TO DATE IS EXPECTED TO BE IN RANGE OF $22M TO $23M, IF TRADING FOR JUNE 2020 PERFORMS IN LINE WITH EXPECTATIONS.HUNTING PLC - OVER 50% CUT IN BUDGETED CAPITAL EXPENDITURE WITH CIRCA.$22M PROJECTED FOR FULL YEAR.HUNTING PLC - A 25% REDUCTION IN GROUP'S WORKFORCE, AS COMPARED TO END OF 2019, WITH RESTRUCTURING LARGELY COMPLETED BY JUNE.HUNTING PLC - MOST CONTRACT WORKERS ACROSS GROUP'S GLOBAL OPERATIONS HAVE BEEN RELEASED.HUNTING PLC - NUMBER OF FACILITIES ADJUSTING NUMBER OF DAILY SHIFTS IN ACCORDANCE WITH SHORT TO MEDIUM TERM OPERATING OUTLOOK.HUNTING PLC - ANTICIPATED THAT ALL OF GROUP'S FACILITIES WILL BE OPERATING IN A MORE NORMALISED MANNER FOR BALANCE OF 2020.HUNTING PLC - HUNTING TITAN HAS SEEN A SALES DECLINE OF CIRCA.40% DURING H1 2020 COMPARED TO H2 2019.HUNTING PLC - GROUP'S US SEGMENT REPORTED POSITIVE RESULTS FOR FIRST HALF OF YEAR, THOUGH A DECLINE IN TRADING IN JUNE 2020 IS ANTICIPATED.HUNTING PLC - HUNTING'S CANADA BUSINESS REDUCED CONTRACT STAFF IN PERIOD TO SAVE FURTHER COSTS.

Hunting Says Bruce Ferguson Succeeds Peter Rose As Finance Director

April 15 (Reuters) - Hunting PLC <HTG.L>::HUNTING PLC - DIRECTORATE CHANGE AND REMUNERATION DISCLOSURE.HUNTING PLC - PETER ROSE HAS STEPPED DOWN AS FINANCE DIRECTOR.HUNTING PLC - BRUCE FERGUSON SUCCEEDS PETER ROSE AS FINANCE DIRECTOR AND AS A DIRECTOR OF COMPANY.

Hunting Withdraws 2020 Full Year Guidance

April 15 (Reuters) - Hunting PLC <HTG.L>::HUNTING PLC - TRADING IN Q1 2020 WAS BROADLY IN LINE WITH MANAGEMENT'S EXPECTATIONS.HUNTING - IMPACT OF OIL PRICE DECLINE HAS AFFECTED DEMAND WITHIN GROUP'S SEGMENTS FOCUSED ON U.S. ONSHORE COMPLETIONS SINCE END OF MARCH 2020.HUNTING PLC - OTHER SEGMENTS ARE LIKELY TO SEE DECLINES TOWARDS END OF Q2 2020.HUNTING PLC - DECIDED TO WITHDRAW 2020 FULL YEAR GUIDANCE.

Hunting Withdraws Resolution To Approve 2019 Final Dividend

April 3 (Reuters) - Hunting PLC <HTG.L>::HUNTING PLC - WITHDRAWAL OF RESOLUTION THREE, AS CONTAINED IN 2020 NOTICE OF ANNUAL GENERAL MEETING, TO APPROVE 2019 FINAL DIVIDEND.HUNTING PLC - IMPLEMENTED MEASURES TO CONSERVE CASH AND LIMIT CAPITAL OUTFLOWS.

Hunting Announces Share Buyback Programme To Purchase Up To 2 Mln Ordinary Shares Of Co

Feb 27 (Reuters) - Hunting PLC <HTG.L>::HUNTING - INTENTION TO ENTER ON-MARKET SHARE BUYBACK PROGRAMME TO PURCHASE UP TO 2 MILLION ORDINARY SHARES OF £0.25 EACH IN CO.HUNTING PLC - SHARE BUYBACK PROGRAMME DURING OPEN PERIODS ARISING BETWEEN 27 FEB 2020 AND 26 FEB 2021.HUNTING PLC - AGGREGATE PURCHASE PRICE UNDER THIS ARRANGEMENT WILL NOT EXCEED £8 MILLION.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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