Hunting PLC (LON:HTG – Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 304.61 ($3.83) and traded as high as GBX 370 ($4.65). Hunting shares last traded at GBX 366 ($4.60), with a volume of 1,315,806 shares trading hands.
Wall Street Analyst Weigh In
HTG has been the subject of several research reports. Jefferies Financial Group reissued a “buy” rating and set a GBX 400 ($5.03) price objective on shares of Hunting in a report on Thursday, April 18th. Berenberg Bank raised their price target on Hunting from GBX 345 ($4.33) to GBX 365 ($4.59) and gave the company a “buy” rating in a report on Wednesday, January 10th. Finally, Canaccord Genuity Group upped their price objective on Hunting from GBX 400 ($5.03) to GBX 450 ($5.65) and gave the stock a “buy” rating in a report on Friday, March 1st. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 407 ($5.11).
View Our Latest Analysis on Hunting
Hunting Stock Up 2.2 %
Hunting Dividend Announcement
The business also recently announced a dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 11th will be given a dividend of $0.05 per share. This represents a dividend yield of 1.18%. The ex-dividend date is Thursday, April 11th. Hunting’s dividend payout ratio is currently 1,454.55%.
Insider Buying and Selling
In other Hunting news, insider Bruce Ferguson sold 28,960 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of GBX 303 ($3.81), for a total transaction of £87,748.80 ($110,237.19). 7.40% of the stock is owned by corporate 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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