Hunting PLC (LON:HTG – Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 298.17 ($3.71) and traded as high as GBX 367.94 ($4.58). Hunting shares last traded at GBX 359 ($4.47), with a volume of 337,269 shares trading hands.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on HTG. Berenberg Bank lifted their price objective on Hunting from GBX 345 ($4.29) to GBX 365 ($4.54) and gave the company a “buy” rating in a research note on Wednesday, January 10th. Canaccord Genuity Group lifted their price objective on Hunting from GBX 400 ($4.98) to GBX 450 ($5.60) and gave the company a “buy” rating in a research note on Friday, March 1st. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 397 ($4.94).
Check Out Our Latest Report on HTG
Hunting Trading Down 2.2 %
Hunting Announces Dividend
The firm also recently declared a dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, April 11th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a dividend yield of 1.18%. Hunting’s dividend payout ratio is presently 1,454.55%.
Insider Activity at Hunting
In other Hunting news, insider Bruce Ferguson sold 28,960 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of GBX 303 ($3.77), for a total transaction of £87,748.80 ($109,235.40). 7.40% of the stock is owned by company insiders.
About Hunting
Hunting PLC, together with its subsidiaries, manufactures components, technology systems, and precision parts worldwide. It operates in five segments: Hunting Titan; North America; Subsea Technologies; EMEA; and Asia Pacific. The company designs and manufactures perforating systems, energetics, instrumentation, and associated hardware; connection technology and OCTG; subsea technologies; supplies highly engineered tubular components, hollow rotating shafts, very accurate deep hole drilling, plus complex turned, and milled profiles; well intervention equipment; and well test and process systems.
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