Hunting Share News (HTG)

Berenberg downgrades Hunting to 'hold'

(Sharecast News) - Berenberg downgraded Hunting on Friday to 'hold' from 'buy' as it said the risk/reward is less attractive after a strong share price performance.

LONDON BROKER RATINGS: Citigroup cuts Admiral; Jefferies likes PPHE

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Monday:

LONDON MARKET OPEN: Pearson profit surges; Rightmove revenue up

(Alliance News) - Stock prices in London opened higher on Friday, after a strong trading session in Asia thanks to positive readings on the service sectors in China and Japan.

LONDON BRIEFING: Stocks rise on positive China service sector survey

(Alliance News) - Stocks in London were called higher on Friday, following an indication of strength in the service sector in China.

LONDON MARKET CLOSE: FTSE 100 higher as CRH shines, sterling weakens

(Alliance News) - Stocks in London were largely, but tentatively, higher at the close on Thursday, with the FTSE 100 boosted by a strong performance from building materials firm CRH and a weaker pound.

IN BRIEF: Hunting achieves rise in yearly revenue, swings to profit

Hunting PLC - London-based oil and gas industry services provider - Posts revenue of USD725.8 million for 2022, up 39% from USD521.6 million a year ago as order book multiplies to USD473.0 million from USD211.5 million. Swings to profit from operations to USD2.0 million from a loss of USD79.7million. Earnings before interest, tax, depreciation and amortisation amount to USD52.0 million compared to just USD3.1 million in 2021. Declares a final dividend of 4.5 cents, up 13% from 4.0p a year prior. This takes the total dividend for 2022 to 9.0 cents per share. Hunting plans an average dividend increase of 10% per year until 2030.

Hunting delivers 'strong' FY performance

(Sharecast News) - Energy services group Hunting said on Thursday that it had delivered a "strong performance" in 2022, adding that it was also "well positioned" for 2023 as demand continues to improve across all segments.

UK earnings, trading statements calendar - next 7 days

Micro Focus expects takeover by OpenText to complete next week

(Alliance News) - Micro Focus International PLC on Friday said its proposed takeover by Open Text Corp is expected to complete on Tuesday next week, after the High Court of Justice in England & Wales approved the transaction for the entire share capital of Micro Focus.

Micro Focus International to be replaced by Hunting on FTSE 250 index

(Alliance News) - Micro Focus International PLC will be deleted from the FTSE 250 index, the FTSE Russell said on Thursday, amid its takeover by Open Text Corp.

LONDON BROKER RATINGS: RBC cuts Ocado; Bernstein cuts easyJet

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

LONDON BROKER RATINGS: Bank of America and Oddo BHF cut Whitbread

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Canaccord Genuity nudges up target price on Hunting

(Sharecast News) - Analysts at Canaccord Genuity raised their target price on energy services company Hunting from 350.0p to 375.0p on Friday following "another strong update" from the group.

LONDON BROKER RATINGS: Barclays cuts Bunzl to 'underweight'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

Hunting raises outlook for 2023; launches energy transition sales push

(Alliance News) - Hunting PLC on Thursday announced a strong annual performance and outlook, as well as the launch of a new sales group aimed at the energy transition market.