Hunting manufactures a range of products used by oil and gas companies to help extract hydrocarbons from the wellbore. It is well run with a strong management team and significant production capabilities. The company had a stellar period over the last few years with earnings growing strongly, partly on the back of the US shale boom. The fall in the oil price has turned the company’s fortunes around however with industry CAPEX cuts having a knock on significant impact on demand for Hunti
31 Jul 2015
Getting worse before it gets better
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Getting worse before it gets better
Hunting PLC (HTG:LON) | 360 18 1.4% | Mkt Cap: 594.2m
- Published:
31 Jul 2015 -
Author:
Daniel Slater, CFA -
Pages:
12
Hunting manufactures a range of products used by oil and gas companies to help extract hydrocarbons from the wellbore. It is well run with a strong management team and significant production capabilities. The company had a stellar period over the last few years with earnings growing strongly, partly on the back of the US shale boom. The fall in the oil price has turned the company’s fortunes around however with industry CAPEX cuts having a knock on significant impact on demand for Hunti