Hunting PLC (LON:HTG) Plans Dividend Increase – $0.06 Per Share

Hunting PLC (LON:HTG) announced a dividend on Thursday, August 29th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, October 3rd will be paid a dividend of $0.06 per share on Friday, October 25th. This represents a dividend yield of 0.97%. The ex-dividend date is Thursday, October 3rd. This is an increase from Hunting’s previous dividend of $0.05. The official announcement can be viewed at this link.

Hunting Stock Up 0.7 %

Hunting stock opened at GBX 377.50 ($5.05) on Tuesday. The company has a 50-day simple moving average of GBX 419.65 and a 200-day simple moving average of GBX 394.84. The firm has a market capitalization of £597.77 million, a P/E ratio of 625.00, a P/E/G ratio of 1.06 and a beta of 1.07. The company has a debt-to-equity ratio of 11.60, a quick ratio of 2.08 and a current ratio of 2.69. Hunting has a one year low of GBX 247 ($3.30) and a one year high of GBX 465.37 ($6.22).

Wall Street Analyst Weigh In

HTG has been the subject of a number of analyst reports. Shore Capital reiterated a “buy” rating and set a GBX 510 ($6.82) price target on shares of Hunting in a research report on Wednesday, June 12th. Berenberg Bank restated a “buy” rating and set a GBX 520 ($6.96) price target on shares of Hunting in a research report on Thursday, August 29th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 600 ($8.03) price objective on shares of Hunting in a report on Thursday, August 29th.

Hunting Company Profile

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.