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. Shareholders of record on Thursday, October 3rd will be given a dividend of $0.06 per share on Friday, October 25th. This represents a yield of 0.97%. The ex-dividend date is Thursday, October 3rd. This is a positive change from Hunting’s previous dividend of $0.05. The official announcement can be accessed at this link.

Hunting Stock Up 0.7 %

LON:HTG opened at GBX 382 ($5.11) on Wednesday. The stock’s fifty day simple moving average is GBX 418.92 and its 200-day simple moving average is GBX 395.43. The firm has a market capitalization of £604.90 million, a P/E ratio of 632.50, a P/E/G ratio of 1.06 and a beta of 1.07. The company has a quick ratio of 2.08, a current ratio of 2.69 and a debt-to-equity ratio of 11.60. Hunting has a 12-month low of GBX 247 ($3.30) and a 12-month high of GBX 465.37 ($6.22).

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Canaccord Genuity Group restated a “buy” rating and set a GBX 600 ($8.03) target price on shares of Hunting in a research report on Thursday, August 29th. Berenberg Bank reissued 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, Shore Capital restated a “buy” rating and issued a GBX 510 ($6.82) price objective on shares of Hunting in a research report on Wednesday, June 12th.

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.