Hunting plc 47.7% potential upside indicated by JP Morgan

Hunting plc with ticker (LON:HTG) now has a potential upside of 47.7% according to JP Morgan.



JP Morgan set a target price of 280 GBX for the company, which when compared to the Hunting plc share price of 146 GBX at opening today (14/12/2021) indicates a potential upside of 47.7%. Trading has ranged between 144 (52 week low) and 297 (52 week high) with an average of 302,835 shares exchanging hands daily. The market capitalisation at the time of writing is £238,833,269.

Hunting PLC is an energy services provider to upstream oil and gas companies. The Company operates through five operating segments: Hunting Titan; US; Canada; Europe, Middle East and Africa (EMEA), and Asia Pacific. The Company’s range of products and associated services spans the lifecycle of the wellbore, irrespective of whether it is intended for oil, gas, onshore or offshore, conventional or unconventional. It manufactures end tools and components required to extract hydrocarbons across the lifecycle of an oil and gas well. The Company has operations in China, Indonesia, Mexico, Netherlands, Norway, Saudi Arabia, Singapore, United Arab Emirates and the United States of America.