Make your money go further for just 25p per day

Hunting (HTG) – Update suggests it’s still looking good but shares start to look pricey vs

04/07/2012 · Hunting (HTG) 

The international energy services group reassured with its trading update ahead of interim results due on 30th August. In summary it’s on line to meet to expectations – consensus for full year ending 31st December 2012 pre-tax of £109m, eps of 59.77 (PER 12.6x) - but given falls in the US the sahres are starting to look pricey vs some US peers?

Within Well Construction (2011 Revenue £327m, operating profit £41.2m) Hunting’s Drilling Tools platform has seen steady demand for its products in the reporting period. Facilities in Conroe, Latrobe and Casper commissioned in early 2011 are now established and capturing business in the major US shale plays.  The newly branded Advanced Manufacturing Group, is also attracting interest.  At Premium Connections, the product line continues to benefit from shale activities in the US and gathering momentum in…

Sign up and read the full article

Register to continue reading our content.

Get FREE access now

Already a member? Login


Previous article Next article

DON'T MISS OUT!

Get top investment ideas to help safeguard and grow your wealth.

Invaluable insight from the exciting world of smaller companies.

REGISTER FREE

DON'T MISS OUT ON OUR PREMIUM CONTENT

Become a champion investor for just £90 a year. Benefit from our high performing portfolios:

START FREE TRIAL

More on Hunting

Hunting PLC (HTG): not the most encouraging update but management has seen it all before!

16/02/2015 · Company Insights
The UK listed international energy services group issued the anticipated gloomy operational update. While Preliminary Results…

10% projected yield has attracted buyers, more to go for in 2013?

20/12/2012 · Smallcap Review
This week’s interview with Chris Boxall*, manager of SF Fundamental Energy covers recent news and the…

More Company Insights

AIM new arrivals and departures October 2024

08/11/2024 · GenIP · Pulsar Helium

Challenging outlooks | Reassuringly boring | Hidden value

Stonking Small Cap reports cracking results

06/11/2024 · dotDigital

Sign-up to our free email updates

SIGN UP