Two men are recovering in hospital following a stabbing at Hawkes Nest.

Police are hunting a group of intruders who stormed a Hawks Nest home overnight, stabbing two men – one of them a 78-year-old.

The elderly man answered the door of his Booner Street home at around 10:30, when police say he was confronted by three unknown men.

The group pushed past the man, stabbing him in his stomach, before heading upstairs and ambushing a 53-year-old man.

As the younger man tried to flee, he was stabbed eight times in the back and neck.

Police say the group then stole a purse and car keys off a 40-year-old woman, before running away.

The victims were both treated by NSW paramedics and taken to John Hunter Hospital.

Both are in a stable condition.

Police are this morning trawling the scene for clues.

The attackers remain at large.

Anyone with information is being urged to contact Crimestoppers 1800 333 000.