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Hunting PLC (HTG.L)

HTG.L on London Stock Exchange

221.60GBp
7 Jul 2020
Change (% chg)

-4.00 (-1.77%)
Prev Close
225.60
Open
222.20
Day's High
231.80
Day's Low
216.40
Volume
134,272
Avg. Vol
625,508
52-wk High
568.00
52-wk Low
148.90

Latest Key Developments (Source: Significant Developments)

Hunting Says 25% Reduction In Group's Workforce
Monday, 29 Jun 2020 

June 29 (Reuters) - Hunting PLC ::HUNTING PLC - RAPID ACTION TO ADDRESS COST BASE IMPLEMENTED, WITH ANNUALISED SAVINGS OF CIRCA.$60M CAPTURED.HUNTING PLC - TRADING WITHIN MOST OF GROUP'S BUSINESSES HAS REPORTED A DECLINE DURING Q2 2020, FOLLOWING MODEST TRADING RESULTS IN Q1 2020.HUNTING - UNDERLYING EBITDA IN YEAR TO DATE IS EXPECTED TO BE IN RANGE OF $22M TO $23M, IF TRADING FOR JUNE 2020 PERFORMS IN LINE WITH EXPECTATIONS.HUNTING PLC - OVER 50% CUT IN BUDGETED CAPITAL EXPENDITURE WITH CIRCA.$22M PROJECTED FOR FULL YEAR.HUNTING PLC - A 25% REDUCTION IN GROUP'S WORKFORCE, AS COMPARED TO END OF 2019, WITH RESTRUCTURING LARGELY COMPLETED BY JUNE.HUNTING PLC - MOST CONTRACT WORKERS ACROSS GROUP'S GLOBAL OPERATIONS HAVE BEEN RELEASED.HUNTING PLC - NUMBER OF FACILITIES ADJUSTING NUMBER OF DAILY SHIFTS IN ACCORDANCE WITH SHORT TO MEDIUM TERM OPERATING OUTLOOK.HUNTING PLC - ANTICIPATED THAT ALL OF GROUP'S FACILITIES WILL BE OPERATING IN A MORE NORMALISED MANNER FOR BALANCE OF 2020.HUNTING PLC - HUNTING TITAN HAS SEEN A SALES DECLINE OF CIRCA.40% DURING H1 2020 COMPARED TO H2 2019.HUNTING PLC - GROUP'S US SEGMENT REPORTED POSITIVE RESULTS FOR FIRST HALF OF YEAR, THOUGH A DECLINE IN TRADING IN JUNE 2020 IS ANTICIPATED.HUNTING PLC - HUNTING'S CANADA BUSINESS REDUCED CONTRACT STAFF IN PERIOD TO SAVE FURTHER COSTS.  Full Article

Hunting Plc's Group Finance Director, Peter Rose, To Retire
Thursday, 23 Jan 2020 

Jan 23 (Reuters) - Hunting PLC ::PETER ROSE, GROUP FINANCE DIRECTOR, HAS NOTIFIED BOARD OF HIS INTENTION TO RETIRE.BRUCE FERGUSON, CURRENTLY MANAGING DIRECTOR OF EUROPEAN, MIDDLE EAST AND AFRICAN OPERATIONS, WILL SUCCEED ROSE AS GROUP FINANCE DIRECTOR.  Full Article

Hunting Announces Acquisition Of RTI Energy Systems For $12.5 Mln
Friday, 16 Aug 2019 

Aug 16 (Reuters) - Hunting PLC ::HUNTING PLC - ACQUISITION OF RTI ENERGY SYSTEMS INC.HUNTING PLC - PROPOSED DEAL FOR CASH CONSIDERATION OF US$12.5M..HUNTING PLC - PROPOSED DEAL FOR TOTAL CASH CONSIDERATION OF US$12.5M.HUNTING PLC - CONSIDERATION PAYABLE HAS BEEN FUNDED FROM HUNTING'S EXISTING CASH RESOURCES..HUNTING PLC - ANTICIPATED THAT KEY MEMBERS OF SENIOR MANAGEMENT TEAM WILL CONTINUE WITH HUNTING..  Full Article

Standard Life Aberdeen Raises Stake In Hunting To 7.44% From 5.42%
Wednesday, 3 Jul 2019 

July 3 (Reuters) - :STANDARD LIFE ABERDEEN RAISES STAKE IN HUNTING PLC TO 7.44% FROM 5.42%- FILING.  Full Article

Hunting Plc's core profit rises
Wednesday, 17 Apr 2019 

April 17 (Reuters) - Hunting PLC ::HUNTING PLC - QTRLY UNDERLYING EBITDA OF ABOUT $35 MILLION, WHICH IS IN LINE WITH INTERNAL TARGETS.HUNTING PLC - Q1 2019 SAW A CONTINUATION OF LEVEL OF REVENUES & PROFITS REPORTED IN Q4 2018.HUNTING PLC - HUNTING TITAN REPORTED Q1 REVENUE AHEAD OF Q4 2018 HOWEVER MARGINS REDUCED DURING Q1 2019.HUNTING - SEGMENTAL RESULTS IMPROVING & REPORTING REDUCED LOSSES VERSUS PRIOR PERIODS PARTICULARLY IN EUROPEAN OPERATIONS.HUNTING PLC - OFFSHORE FOCUSED OPERATIONS CONTINUE TO FACE SLOW & CHALLENGING MARKETS, ESPECIALLY IN GULF OF MEXICO & NORTH SEA.HUNTING PLC - IN CANADA, EXTREMELY COLD WEATHER CONDITIONS IN LATE JAN & EARLY FEB AFFECTED ACTIVITY LEVELS.HUNTING - QTRLY U.S. RESULTS AHEAD OF EXPECTATIONS AS IT BENEFITS FROM IMPROVING DEMAND WITHIN ONSHORE COMPLETIONS, CAPITAL EQUIPMENT MARKETS.HUNTING PLC - IN MIDDLE EAST, REGIONAL ACTIVITY LEVELS ARE IMPROVING, BENEFITING SAUDI ARABIAN OPERATIONS.HUNTING PLC - OUTLOOK FOR REMAINDER OF YEAR REMAINS POSITIVE GIVEN MARKET BACKDROP OF IMPROVED OIL PRICE.  Full Article

Hunting Says Trading For Full Year Remains In Line With Expectations
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - Hunting PLC ::HUNTING PLC - Q3 2018 TRADING UPDATE.HUNTING PLC - REVENUES DURING Q3 HAVE REMAINED STEADY IN NORTH AMERICA AS ACTIVITY WITHIN ONSHORE SHALE BASINS CONTINUED.HUNTING - WHILE U.S. ONSHORE MARKET ENVIRONMENT REMAINS RELATIVELY FIRM, U.S. OFFSHORE AND INTERNATIONAL MARKETS REMAIN SLOW AS GEOPOLITICAL TENSIONS.HUNTING PLC - TRADING FOR FULL YEAR REMAINS IN LINE WITH EXPECTATIONS, WITH MANAGEMENT REMAINING COMFORTABLE WITH CURRENT MARKET CONSENSUS.  Full Article

Hunting Posts H1 Profit Vs Year-Earlier Loss
Thursday, 30 Aug 2018 

Aug 30 (Reuters) - Hunting PLC ::H1 UNDERLYING PROFIT FROM OPERATIONS $53.5 MILLION VERSUS LOSS OF $9.3 MILLION YEAR AGO.H1 REVENUE $442.8 MILLION VERSUS $318.1 MILLION YEAR AGO.INTERIM DIVIDEND DECLARED OF 4 CENTS IN H1 (H1 2017 - NIL).H1 GROSS MARGIN OF 31 PERCENT (H1 2017 - 22 PERCENT).H1 EBITDA MARGIN OF 16 PERCENT (H1 2017 - 4 PERCENT).H1 RESULTS UNDERPINNED BY STRONG MARKET ENVIRONMENT WITHIN US ONSHORE COMPLETIONS.OUTSIDE THE US, THERE ARE HEADWINDS GIVEN INTRODUCTION OF TRADING TARIFFS FOR STEEL, CONTINUING VOLATILE GEOPOLITICAL ENVIRONMENT.ASIA PACIFIC, CANADA, EUROPE, MIDDLE EAST AND E&P SEGMENTS REMAIN LOSS-MAKING IN H1.  Full Article

UPDATE 1-Hunting cuts 25% of workforce to counter lower oil prices

June 29 Oilfield services group Hunting Plc has cut its workforce by a fourth as low oil prices and weak demand slammed most of its business units in the second quarter, the company said on Monday.