Hunting (LON:HTG) Hits New 52-Week High After Insider Buying Activity

Hunting (LON:HTG) Hits New 52-Week High After Insider Buying Activity

Hunting PLC (LON:HTG – Get Rating) shares hit a new 52-week high during mid-day trading on Tuesday after an insider bought additional shares in the company. The company traded as high as GBX 314.18 ($4.12) and last traded at GBX 311 ($4.07), with a volume of 607437 shares trading hands. The stock had previously closed at GBX 263 ($3.45).Specifically, insider Bruce Ferguson purchased 14,784 shares of Hunting stock in a transaction on Friday, March 4th. The shares were acquired at an average cost of GBX 219 ($2.87) per share, for a total transaction of £32,376.96 ($42,422.64).

Several research firms have commented on HTG. JPMorgan Chase & Co. lifted their objective price on shares of Hunting from GBX 270 ($3.54) to GBX 280 ($3.67) and gave the stock an “overweight” rating in a research note on Friday, December 10th. Barclays raised their objective price on Hunting from GBX 300 ($3.93) to GBX 330 ($4.32) and gave the stock an “overweight” rating in a research report on Thursday, March 3rd. decreased their objective price on shares of Hunting from GBX 320 ($4.19) to GBX 200 ($2.62) and set a “buy” rating for the company in a research note on Thursday, December 9th. Finally, Canaccord Genuity Group lowered their price target on Hunting from GBX 320 ($4.19) to GBX 200 ($2.62) and set a “buy” rating on the stock in a research note on Thursday, December 9th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of GBX 257 ($3.37).

The company has a market cap of £507.75 million and a price-to-earnings ratio of -9.70. The company has a fifty day moving average price of GBX 219.97 and a two-hundred day moving average price of GBX 196.85. The company has a current ratio of 6.06, a quick ratio of 2.74 and a debt-to-equity ratio of 4.13.

The company also recently announced a dividend, which will be paid on Friday, May 13th. Shareholders of record on Thursday, April 21st will be issued a $0.04 dividend. The ex-dividend date of this dividend is Thursday, April 21st. This represents a yield of 1.28%. Hunting’s dividend payout ratio (DPR) is presently -0.22%.

About Hunting (LON:HTG)

Hunting PLC, together with its subsidiaries, manufactures and distributes tools and components for the upstream oil and gas industry worldwide. The company offers perforating guns and hardware, energetics charges, and instrumentation products; and connections, oil country tubular goods, drilling tools, subsea equipment, intervention tools, and electronics.

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