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United States

Hunting PLC (HTG.L)

HTG.L on London Stock Exchange

491.40GBp
18 Dec 2018
Change (% chg)

3.40 (+0.70%)
Prev Close
488.00
Open
477.80
Day's High
504.00
Day's Low
472.60
Volume
772,095
Avg. Vol
527,104
52-wk High
934.50
52-wk Low
468.80

Latest Key Developments (Source: Significant Developments)

Hunting Says Trading For Full Year Remains In Line With Expectations
Tuesday, 30 Oct 2018 03:00am EDT 

Oct 30 (Reuters) - Hunting PLC ::HUNTING PLC - Q3 2018 TRADING UPDATE.HUNTING PLC - REVENUES DURING Q3 HAVE REMAINED STEADY IN NORTH AMERICA AS ACTIVITY WITHIN ONSHORE SHALE BASINS CONTINUED.HUNTING - WHILE U.S. ONSHORE MARKET ENVIRONMENT REMAINS RELATIVELY FIRM, U.S. OFFSHORE AND INTERNATIONAL MARKETS REMAIN SLOW AS GEOPOLITICAL TENSIONS.HUNTING PLC - TRADING FOR FULL YEAR REMAINS IN LINE WITH EXPECTATIONS, WITH MANAGEMENT REMAINING COMFORTABLE WITH CURRENT MARKET CONSENSUS.  Full Article

Hunting Posts H1 Profit Vs Year-Earlier Loss
Thursday, 30 Aug 2018 05:27am EDT 

Aug 30 (Reuters) - Hunting PLC ::H1 UNDERLYING PROFIT FROM OPERATIONS $53.5 MILLION VERSUS LOSS OF $9.3 MILLION YEAR AGO.H1 REVENUE $442.8 MILLION VERSUS $318.1 MILLION YEAR AGO.INTERIM DIVIDEND DECLARED OF 4 CENTS IN H1 (H1 2017 - NIL).H1 GROSS MARGIN OF 31 PERCENT (H1 2017 - 22 PERCENT).H1 EBITDA MARGIN OF 16 PERCENT (H1 2017 - 4 PERCENT).H1 RESULTS UNDERPINNED BY STRONG MARKET ENVIRONMENT WITHIN US ONSHORE COMPLETIONS.OUTSIDE THE US, THERE ARE HEADWINDS GIVEN INTRODUCTION OF TRADING TARIFFS FOR STEEL, CONTINUING VOLATILE GEOPOLITICAL ENVIRONMENT.ASIA PACIFIC, CANADA, EUROPE, MIDDLE EAST AND E&P SEGMENTS REMAIN LOSS-MAKING IN H1.  Full Article

Hunting Says Remain Comfortable With Market Consensus For Full Year 2018 Outturn
Thursday, 28 Jun 2018 02:00am EDT 

June 28 (Reuters) - Hunting PLC ::GROUP'S PERFORMANCE DURING H1 HAS CONTINUED TO REFLECT STRONG ACTIVITY LEVELS WITHIN US ONSHORE COMPLETIONS.OUTLOOK FOR REMAINDER OF YEAR, MANAGEMENT CONTINUE TO TAKE A CAUTIOUS VIEW ON RATE OF RECOVERY IN WIDER MARKET IN H2 2018.CURRENTLY REMAIN COMFORTABLE WITH MARKET CONSENSUS FOR 2018 FULL YEAR OUTTURN.GROUP'S BALANCE SHEET REMAINS STRONG WITH A NET CASH BALANCE IN EXCESS OF $30M EXPECTED AT 30 JUNE 2018.INVENTORY IS EXPECTED TO BE APPROXIMATELY $325M AT 30 JUNE 2018 COMPARED TO $286M AT 31 DECEMBER 2017.H1 CAPITAL INVESTMENT HAS REMAINED MODEST WITH APPROXIMATELY $11M INCURRED UP TO END OF JUNE 2018.  Full Article

Hunting Sees FY Results To Be Within Upper Half Of Current Market Consensus
Wednesday, 18 Apr 2018 02:00am EDT 

April 18 (Reuters) - Hunting PLC ::REVENUES IN FIRST THREE MONTHS OF YEAR HAVE BEEN AT A SIMILAR AVERAGE MONTHLY RUN RATE TO THAT REPORTED IN Q4 2017.GROUP CONTINUES TO BENEFIT FROM OPERATIONAL LEVERAGE AS VOLUMES INCREASE AGAINST ALREADY REDUCED COST BASE.Q1 ACTIVITY LEVELS WITHIN ONSHORE NORTH AMERICAN COMPLETIONS MARKET REMAIN STRONG, LEADING TO UNDERLYING EBITDA OF ABOUT $32.7 MILLION.EXPECT FULL YEAR RESULT TO BE WITHIN UPPER HALF OF CURRENT MARKET CONSENSUS.  Full Article

Hunting Sees FY Revenue Of About $700 Mln
Monday, 18 Dec 2017 02:00am EST 

Dec 18 (Reuters) - Hunting Plc ::‍REVENUE FOR FULL YEAR IS EXPECTED TO BE AROUND $700 MILLION MARK, WITH RESULTS STRONGLY WEIGHTED TO SECOND HALF OF YEAR​.FY ‍EBITDA IS LIKELY TO BE NEARER UPPER END OF MARKET EXPECTATIONS, GIVEN STRONG PERFORMANCE OF HUNTING TITAN DURING SECOND HALF OF YEAR​.‍CONTINUE TO ANTICIPATE A MODEST PRE-TAX PROFIT FOR FULL YEAR - THIS BEFORE CHARGES FOR INTANGIBLE ASSET AMORTISATION AND ANY EXCEPTIONAL ITEMS​.‍CAPITAL INVESTMENT REMAINS TIGHTLY CONTROLLED WITH SPEND IN FULL YEAR EXPECTED TO BE AROUND $12 MILLION​.‍THERE IS CURRENTLY NO INTENTION TO PROPOSE A DIVIDEND FOR YEAR ENDED 31 DECEMBER 2017​.  Full Article

Hunting says FY ‍revenues are likely to be around 700 mln stg
Tuesday, 24 Oct 2017 02:00am EDT 

Oct 24 (Reuters) - HUNTING PLC ::‍REVENUES FOR FULL YEAR ARE LIKELY TO BE AROUND $700 MILLION MARK​.‍FOR NINE MONTHS TO 30 SEPTEMBER 2017, EBITDA WAS APPROXIMATELY $33 MILLION​.  Full Article

UPDATE 1-Hunting expects oil producers to defer projects on price slump

Dec 17 British oilfield services company Hunting Plc expects oil and gas producers to defer some projects as a recent decline in crude prices could hit their short-term budgets, it said on Monday.