Keith Lough Buys 4,000 Shares of Hunting plc (LON:HTG) Stock

Hunting plc (LON:HTG) insider Keith Lough bought 4,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were purchased at an average price of GBX 488 ($6.38) per share, with a total value of £19,520 ($25,506.34).

Shares of LON HTG opened at GBX 490 ($6.40) on Thursday. The company has a debt-to-equity ratio of 4.45, a quick ratio of 1.93 and a current ratio of 4.12. Hunting plc has a fifty-two week low of GBX 402.20 ($5.26) and a fifty-two week high of GBX 844.50 ($11.03). The firm has a market capitalization of $818.01 million and a PE ratio of 9.70. The stock’s 50-day simple moving average is GBX 463.32 and its 200-day simple moving average is GBX 534.54.

The company also recently declared a dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Thursday, October 3rd will be given a dividend of $0.05 per share. This represents a yield of 0.91%. The ex-dividend date of this dividend is Thursday, October 3rd. Hunting’s dividend payout ratio (DPR) is 0.16%.

HTG has been the subject of a number of research analyst reports. Berenberg Bank restated a “hold” rating and set a GBX 630 ($8.23) target price on shares of Hunting in a report on Thursday, August 29th. JPMorgan Chase & Co. cut Hunting to a “neutral” rating and lowered their target price for the company from GBX 728 ($9.51) to GBX 642 ($8.39) in a report on Thursday, August 15th. Barclays restated an “equal weight” rating and set a GBX 600 ($7.84) target price on shares of Hunting in a report on Wednesday, September 11th. UBS Group reiterated a “buy” rating on shares of Hunting in a research note on Monday, September 2nd. Finally, Credit Suisse Group reiterated an “outperform” rating on shares of Hunting in a research note on Friday, May 31st. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 707.45 ($9.24).

Hunting Company Profile

Hunting PLC, together with its subsidiaries, manufactures and distributes tools and equipment for the upstream energy industry worldwide. The company offers perforating guns and accessories; and connections, oil country tubular goods, drilling tools, subsea equipment, intervention tools, and electronics.

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