|Bid||568.50 x 18700|
|Ask||579.00 x 97600|
|Day's Range||571.00 - 584.50|
|52 Week Range||448.00 - 934.50|
|Beta (3Y Monthly)||1.98|
|PE Ratio (TTM)||30.93|
|Earnings Date||Feb 28, 2019|
|Forward Dividend & Yield||0.06 (1.05%)|
|1y Target Est||10.95|
Building up an investment case requires looking at a stock holistically. Today I've chosen to put the spotlight on Hunting plc (LON:HTG) due to its excellent fundamentals in more than Read More...
By Muvija M (Reuters) - Britain's blue-chip index fell on Tuesday as perpetuating concerns over slowing global growth and an oversupply of oil spooked investors, while the mid-cap index gained after a ...
Oilfield service companies, including U.S.-based Schlumberger (SLB.N), have been hit this year by a slowdown in demand as regional oil prices have fallen and oil-producing customers face transportation bottlenecks. "Clients are indicating caution on committed spend for the early part of 2019 as the lower oil price and pipeline bottlenecks in the Permian basin indicate a short term slowing in completion activity," Hunting said of its Titan business, which operates mainly in the U.S. Permian shale basin. Last week, Hunting's British rival Wood Plc (WG.L) also said it was cautious about the outlook for further contract awards, but said it was not seeing customers walking away from commitments or cancelling contracts.
A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. Historically, Hunting plc (LON:HTG) has paid dividends to shareholders, and Read More...
Britain's top share index fell to a two-week low on Thursday as pressure from a firmer pound hit the index's dollar-earning constituents, though utilities were a relative bright spot. The FTSE 100 (.FTSE) index was down 0.6 percent at 7,516.03 at its close, extending the previous session's losses, while mid caps (.FTMC) were also down 0.2 percent. More cyclical sectors, such as miners and financials, were the biggest weight on the index, while large, dollar-earning stocks such as British American Tobacco (BATS.L), Reckitt Benckiser (RB.L) and Diageo (DGE.L) fell 0.4 percent to 1.5 percent.
Hunting and other oilfield services providers are benefiting as energy producers spend more after a period of aggressive cost cuts spurred by a prolonged slump in oil prices. Revenue at the company, which makes industrial components used to perforate oil and gas wells in preparation for production, jumped 39.2 percent to $442.8 million in the six months to June 30, beating an estimate of $423 million from Morgan Stanley analysts. It reported a $38.9 million profit from operations compared with a loss of $23.9 million a year earlier, underwriting an interim dividend of 4 cents per share.
The changed landscape comes as a relief for service providers after a slump in crude prices that forced producers to cut spending and defer or cancel contracts. "We do feel like we are coming out of that (oil and gas) down cycle," Wood Chief Financial Officer David Kemp said. Aberdeen-based Wood Plc's market comments echo those of smaller rivals Petrofac Ltd (PFC.L) and Hunting Plc (HTG.L).