Hunting reports rise in earnings, flags some cash challenges
17th Apr 2024 08:33
(Sharecast News) - Oil services provider Hunting said in a trading update on Wednesday that it had surpassed expectations for first-quarter EBITDA, which rose to $28.9m from $22.4m a year earlier, although it was facing challenges in managing its cash position.
Read moreCanaccord Genuity raises target price on Hunting
1st Mar 2024 09:45
(Sharecast News) - Analysts at Canaccord Genuity hiked their target price on energy supplier Hunting from 400.0p to 450.0p on Friday following the publication of the group's full-year results a day earlier.
Read moreHunting earnings jump as it diversifies revenue sources
29th Feb 2024 10:39
(Sharecast News) - Hunting reported a 19% rise in its order book in its full-year results on Thursday. to $565.2m, accompanied by a 28% increase in revenue to $929.1m.
Read moreHunting holds guidance on strong order book, product sales
10th Jan 2024 07:43
(Sharecast News) - Precision engineering group Hunting held annual guidance as energy-related and non-oil and gas product sales helped to deliver solid top line growth in the year.
Read moreHunting gets $59m subsea order, maintains earnings performance
26th Oct 2023 08:03
(Sharecast News) - Precision engineering group Hunting announced a substantial subsea order worth $59m for titanium stress joints on Thursday, confirming it maintained its earnings performance through the third quarter.
Read moreHunting confirms full-year outlook, sets long-term targets
13th Sep 2023 09:34
(Sharecast News) - Engineering firm Hunting unveiled its long-term targets on Wednesday, including reaching annual sales of $2bn by the end of the decade, as it reiterated its full-year guidance.
Read moreHunting unveils more changes, asset sales as H1 profits rise
24th Aug 2023 07:50
(Sharecast News) - Energy services engineering company Hunting on Thursday said it was selling more non-core exploration and production assets to cut costs and further restructuring its operational footprint.
Read moreBerenberg upgrades Hunting, says recent pullback is overdone
13th Jul 2023 10:06
(Sharecast News) - Berenberg upgraded Hunting on Thursday to 'buy' from 'hold' as it pointed to an attractive valuation and strong international sales.
Read moreBroker tips: Softcat, Computacenter, Hunting, Schroders
13th Jul 2023 08:09
(Sharecast News) - Citi upgraded Softcat and downgraded Computacenter on Thursday as it refreshed its view on the European value-added resellers, "keeping in consideration a return to more normal growth for the space post pandemic induced spurt in demand".
Read moreHunting hikes guidance after strong first half
6th Jul 2023 11:27
(Sharecast News) - Engineering firm Hunting said in a trading update on Thursday that its first-half performance surpassed management expectations, as it lifted its guidance for the full financial year.
Read moreHunting inks 10-year deal with Zhejiang Jiuli
5th Jun 2023 07:07
(Sharecast News) - Energy service company Hunting announced a significant development in its expansion strategy through a 10-year strategic partnership with Zhejiang Jiuli Hi-Tech Metals on Monday, for the supply of corrosion resistant alloys (CRA) for various applications.
Read moreHunting lifts FY guidance after new £91m order
30th May 2023 07:34
(Sharecast News) - Shares in Hunting surged on Tuesday as the international energy services group lifted guidance for 2023 after winning a new contract worth up to £91m with Cairn Oil and Gas, Vedanta.
Read moreHunting sees 'strong' start to year as earnings jump
19th Apr 2023 07:58
(Sharecast News) - Hunting said it had seen a strong start to the year on Wednesday, after first-quarter earnings came in ahead of expectations.
Read moreBerenberg downgrades Hunting to 'hold'
3rd Mar 2023 12:36
(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.
Read moreHunting delivers 'strong' FY performance
2nd Mar 2023 09:13
(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.
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