Hunting PLC (LON:HTG) Announces Dividend of $0.06

Hunting PLC (LON:HTG) declared a dividend on Thursday, August 29th, Upcoming.Co.Uk reports. Investors 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 of this dividend is Thursday, October 3rd. This is a boost from Hunting’s previous dividend of $0.05. The official announcement can be seen at this link.

Hunting Price Performance

LON:HTG opened at GBX 382 ($5.11) on Wednesday. The company has a debt-to-equity ratio of 11.60, a quick ratio of 2.08 and a current ratio of 2.69. The company has a 50-day moving average of GBX 418.92 and a 200-day moving average of GBX 395.43. Hunting has a 52 week low of GBX 247 ($3.30) and a 52 week high of GBX 465.37 ($6.22). The company has a market capitalization of £604.90 million, a price-to-earnings ratio of 632.50, a PEG ratio of 1.06 and a beta of 1.07.

Wall Street Analysts Forecast Growth

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

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.