Hunting H1 results - August 2026

The adverse share price response following Hunting’s H126 results announcement was disproportionate in our view. The absence of a sizeable discrete order in the Middle East region has distracted from strong progress by Subsea and Perforating Systems in the period and the positive outlook across much of Hunting’s diverse subsector exposures. Notwithstanding modestly reduced EBITDA estimates, we reiterate our long-held fair value estimate of 502p per share. Read the research note here: https://www.equitydevelopment.co.uk/research/keep-calm-and-carry-on