Hunting plc (LON:HTG) announced a dividend on Thursday, August 29th, Upcoming.Co.Uk reports. Investors of record on Thursday, October 3rd will be given a dividend of $0.05 per share on Wednesday, October 23rd. This represents a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, October 3rd. The official announcement can be accessed at this link.
LON:HTG opened at GBX 491 ($6.42) on Friday. The stock has a market capitalization of $819.68 million and a P/E ratio of 9.72. The stock has a 50-day moving average price of GBX 468.09 and a 200 day moving average price of GBX 536.42. The company has a current ratio of 4.12, a quick ratio of 1.93 and a debt-to-equity ratio of 4.45. Hunting has a 12-month low of GBX 402.20 ($5.26) and a 12-month high of GBX 844.50 ($11.03).
In other news, insider Peter Rose sold 52,460 shares of Hunting stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of GBX 494 ($6.45), for a total value of £259,152.40 ($338,628.51).
Several research firms have weighed in on HTG. JPMorgan Chase & Co. cut Hunting to a “neutral” rating and cut their price target for the company from GBX 728 ($9.51) to GBX 642 ($8.39) in a report on Thursday, August 15th. Barclays restated an “equal weight” rating and set a GBX 600 ($7.84) price target on shares of Hunting in a report on Wednesday. Royal Bank of Canada restated an “outperform” rating on shares of Hunting in a report on Thursday. Berenberg Bank restated a “hold” rating and set a GBX 630 ($8.23) price target on shares of Hunting in a report on Thursday, August 29th. Finally, Credit Suisse Group restated an “outperform” rating on shares of Hunting in a report on Friday, May 31st. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 707.45 ($9.24).
Hunting PLC, together with its subsidiaries, manufactures and distributes tools and equipment for the upstream energy industry worldwide. The company offers perforating guns and accessories; and connections, oil country tubular goods, drilling tools, subsea equipment, intervention tools, and electronics.
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