Hunting PLC (LON:HTG – Get Free Report) shares fell 16.1% on Tuesday . The stock traded as low as GBX 301.84 ($3.92) and last traded at GBX 312.99 ($4.06). 1,885,147 shares traded hands during mid-day trading, an increase of 267% from the average session volume of 514,166 shares. The stock had previously closed at GBX 373 ($4.84).
Analysts Set New Price Targets
Several research firms have weighed in on HTG. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 600 ($7.79) price target on shares of Hunting in a research report on Thursday, August 29th. Berenberg Bank reiterated a “buy” rating and issued a GBX 520 ($6.75) price target on shares of Hunting in a research report on Thursday, August 29th.
Read Our Latest Research Report on HTG
Hunting Trading Down 17.6 %
Hunting Increases Dividend
The company also recently disclosed a dividend, which will be paid on Friday, October 25th. Stockholders of record on Thursday, October 3rd will be paid a $0.06 dividend. The ex-dividend date is Thursday, October 3rd. This is a boost from Hunting’s previous dividend of $0.05. This represents a dividend yield of 0.97%. Hunting’s dividend payout ratio is 1,333.33%.
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.
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