BMO Capital Remains a Sell on Helmerich & Payne (HP)


BMO Capital analyst Daniel Boyd reiterated a Sell rating on Helmerich & Payne (NYSE: HP) on October 17 and set a price target of $62. The company’s shares closed on Friday at $66.15.

According to TipRanks.com, Boyd has currently no stars on a ranking scale of 0-5 stars, with an average return of -8.5% and a 33.7% success rate. Boyd covers the Basic Materials sector, focusing on stocks such as C&J Energy Services Inc, National-Oilwell, and Transocean LTD.

The word on The Street in general, suggests a Hold analyst consensus rating for Helmerich & Payne with a $68.90 average price target, which is a 4.2% upside from current levels. In a report issued on October 18, Merrill Lynch also resumed coverage with a Sell rating on the stock with a $62 price target.

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Helmerich & Payne’s market cap is currently $7.21B and has a P/E ratio of 15.98. The company has a Price to Book ratio of 1.62.

Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HP in relation to earlier this year. Earlier this month, Edward Rust, a Director at HP bought 4,122 shares for a total of $86,809.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Helmerich & Payne, Inc. engages in contract drilling of oil and gas well. It operates through the following segments: U.S. Land, Offshore, and International Land.

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