Hunting - enhanced oil recovery advance could be highly beneficial, shares 480p, TP 634p

Mark Watson-Mitchell - 16.02.2026

In a very interesting piece of corporate news, Hunting (LON:HTG) has this morning announced positive results from a pilot test of its Organic Oil Recovery (OOR) enhanced oil recovery solution, utilised by Buccaneer Energy PLC at its Pine Mills field.

The OOR technology led to a 100% production uplift in oil wells and reduced water cut to zero in one well, prompting Buccaneer Energy to plan a wider rollout.

This successful pilot reinforces Hunting's confidence in its OOR solution as a cost-effective enhanced oil recovery method applicable globally.

The Business

Hunting is a global, precision engineering group that provides precision-manufactured equipment and premium services, which add value for our customers.

Established in 1874, the company maintains a corporate office in Houston and is headquartered in London.

As well as the United Kingdom, the Company has operations in China, India, Indonesia, Mexico, Saudi Arabia, Singapore, United Arab Emirates and the United States of America.

The group reports across five operating segments: Hunting Titan; North America; Subsea Technologies; Europe, Middle East and Africa; and Asia Pacific.

It reports revenue and EBITDA financial metrics based on five product groups: OCTG; Perforating Systems; Subsea; Advanced Manufacturing; and Other Manufacturing.

Management Comment

CEO Jim Johnson stated that:

"This well result supports our confidence in the OOR technology, as a lower cost enhanced oil recovery solution which can be utilised in many oil wells globally."

My View

Please check out my comments last Thursday, 12th February, for a profile on this group.

With the group's Finals due on 5th March, the shares now at 480p could easily break 500p beforehand and then motor higher.

(Profile 15.03.21 @ 275p set a Target Price of 350p*)

(Profile 12.04.23 @ 240p set a Target Price of 300p*)

(Profile 15.01.26 @ 401p set a Target Price of 460p*)