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Hunting PLC (HTG.L)

HTG.L on London Stock Exchange

644.50GBp
23 Feb 2018
Change (% chg)

26.50 (+4.29%)
Prev Close
618.00
Open
617.50
Day's High
650.00
Day's Low
617.50
Volume
516,703
Avg. Vol
590,719
52-wk High
670.00
52-wk Low
376.50

Latest Key Developments (Source: Significant Developments)

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

Hunting says Dennis Proctor steps down as CEO
Friday, 1 Sep 2017 02:00am EDT 

Sept 1 (Reuters) - Hunting Plc ::DENNIS PROCTOR HAS TODAY STEPPED DOWN AS CHIEF EXECUTIVE AND AS A DIRECTOR OF HUNTING PLC.JIM JOHNSON TODAY SUCCEEDS DENNIS PROCTOR AS CHIEF EXECUTIVE AND AS A DIRECTOR OF COMPANY..  Full Article

Hunting appoints John Glick as non-executive chairman​
Tuesday, 29 Aug 2017 02:00am EDT 

Aug 29 (Reuters) - Hunting Plc :‍APPOINTMENT OF JOHN GLICK AS NON-EXECUTIVE CHAIRMAN OF BOARD WITH EFFECT FROM 1 SEPTEMBER 2017​.‍JAY WILL SUCCEED RICHARD HUNTING WHO ON SAME DATE WILL STEP DOWN AS CHAIRMAN AFTER 26 YEARS​.  Full Article

Hunting posts H1 underlying loss from operations of $9.1 million
Thursday, 24 Aug 2017 02:00am EDT 

Aug 24 (Reuters) - HUNTING PLC ::H1 REVENUE $318.9M (H1 2016 - $228.4M), UP 40%.H1 UNDERLYING EBITDA $12.1M PROFIT (H1 2016 - $29.5M LOSS).H1 UNDERLYING LOSS FROM OPERATIONS $9.1M (H1 2016 - $50.8M LOSS).H1 UNDERLYING DILUTED LOSS PER SHARE 6.7 CENTS (H1 2016 - 27.8 CENTS LOSS PER SHARE).SAYS OUTLOOK FOR FULL YEAR REMAINS DEPENDENT ON OIL PRICE.INTERNATIONAL DRILLING ACTIVITY'S ANTICIPATED MODEST IMPROVEMENTS DURING H2 PROVIDES CAUTIOUS OPTIMISM ABOUT GROUP'S PERFORMANCE IN H2.  Full Article

Hunting promotes Jim Johnson to CEO role
Wednesday, 16 Aug 2017 02:00am EDT 

Aug 16 (Reuters) - Hunting Plc :Promotion and appointment of Arthur James (Jim) Johnson as chief executive with effect from 1 September 2017.Jim will succeed Dennis Proctor who will retire as chief executive and as a director of Hunting on same date.Jim joined Hunting in 1992 and is currently the group's Chief Operating Officer, a role which he has occupied since 2011.  Full Article

Hunting says H1 2017 benefites from increase in onshore drilling in US
Tuesday, 4 Jul 2017 02:00am EDT 

July 4 (Reuters) - Hunting Plc :Performance in first half of 2017 has benefited from increase in onshore drilling in US, particularly in shale oil regions such as permian basin in west texas.Growth in activity since end of 2016 has meant hunting's perforating systems business has reported results ahead of management's expectations.US offshore and international drilling markets remain weak due to low oil price.Drilling budgets continue to be reduced by global operators, which adversely impacts hunting's businesses focused on these markets.Net debt at 30 june 2017 has increased to approximately $8.0 million since year end.Capital investment continues to be tightly controlled with spend in period being approximately $5.0 million.Outlook for remainder of year is predicated on sustained us onshore drilling activity driving group's performance.  Full Article

Hunting says q1 revenue ahead of management's expectations
Wednesday, 12 Apr 2017 02:00am EDT 

Hunting Plc : Q1 2017 trading update . Revenues in first three months of year have been ahead of management's expectations, given continued strong activity levels reported in us shale regions . Q1 2017 - positive underlying EBITDA in period of approximately $5.5 million . Hunting's perforating systems business remains very busy and continues to increase production to meet demand from customers operating in us shale plays . US offshore and international operations continue to show weakness, given lower forecast capital expenditures of industry and lower oil price environment . Net debt has increased to approximately $9.0 million since year end .Group-Wide capital expenditures continue to be tightly controlled with spend in quarter approximately $1.5 million.  Full Article

Hunting says CEO to retire in 2017
Friday, 7 Apr 2017 02:22am EDT 

Hunting Plc : Retirement of Dennis Proctor as chief executive . Proctor has agreed with board that he will retire as ceo in 2017 when a suitable successor has been appointed .Nomination committee has begun a process to identify a successor with both internal and external candidates being considered..  Full Article

Hunting posts FY underlying diluted loss per share 45.3 cents
Thursday, 2 Mar 2017 02:00am EST 

Hunting Plc : FY revenue from continuing operations $455.8m . FY underlying loss from continuing operations of $92.2m . FY underlying diluted loss per share 45.3 cents . 24 pct reduction in headcount to 2,107 since 31 December 2015 . Committed facilities reduced from $350m to $200m . Still focused on cost controls and aligning its operations with short-term outlook . For group as a whole, operating losses have been incurred during opening months of 2017 .Management anticipate moving back to monthly profitability later in year.  Full Article

UK's Hunting says chairman to step down after 26 yrs

Aug 29 Oilfield services company Hunting Plc said its chairman, Richard Hunting, would step down next month after nearly three decades at the helm.