Hunting is a well run company with a strong suite of proprietary products and a healthy balance sheet, and this year it has returned to positive EBITDA. The company has played a difficult hand well over the course of the industry downturn, and we expect continuity under new CEO Jim Johnson. We are of the view that significant further improvements in financial performance will be required in order to support current share price levels, however. This will require recovery in Hunting’s off
17 Aug 2017
Recommendation downgrade to Reduce
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Recommendation downgrade to Reduce
Hunting PLC (HTG:LON) | 334 0 0.0% | Mkt Cap: 550.5m
- Published:
17 Aug 2017 -
Author:
Daniel Slater, CFA -
Pages:
7
Hunting is a well run company with a strong suite of proprietary products and a healthy balance sheet, and this year it has returned to positive EBITDA. The company has played a difficult hand well over the course of the industry downturn, and we expect continuity under new CEO Jim Johnson. We are of the view that significant further improvements in financial performance will be required in order to support current share price levels, however. This will require recovery in Hunting’s off