UK's Hunting drops; brokerage says Q1 profit trails pace for FY target

Hunting

15/04/2026 08:47

** Shares of energy services firm Hunting Group HTG.L down about 4% at 488p, stock among top losers on FTSE 250 .FTMC
** Co posts Q1 EBITDA of $23.2 mln, retains annual EBITDA forecast at $145 mln-$155 mln
** "We expect a small negative share price reaction this morning given 1Q26 EBITDA $23.2m (10% margin) is -34% q/q and equates to just 15% of FY26 guidance midpoint $145-155m," Jefferies analysts said in a note

** Co says it remains vigilant about Middle East crisis; expects minimal impact on profitability for the year
** YTD, HTG up about 32% vs 1.3% gain in FTMC

 (Reporting by Akshaya V)

 ((akshayaV@thomsonreuters.com))