Cowen & Co. analyst Marc Bianchi reiterated a Hold rating on Helmerich & Payne (HP) yesterday and set a price target of $58. The company’s shares closed yesterday at $57.10.
According to TipRanks.com, Bianchi has currently no stars on a ranking scale of 0-5 stars, with an average return of -15.2% and a 25.8% success rate. Bianchi covers the Basic Materials sector, focusing on stocks such as Covia Holdings Corporation, Oceaneering International, and Propetro Holding Corp.
Helmerich & Payne has an analyst consensus of Moderate Buy, with a price target consensus of $66.61, which is a 16.7% upside from current levels. In a report issued on January 29, Seaport Global also reiterated a Hold rating on the stock.
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Based on Helmerich & Payne’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $18.18 million. In comparison, last year the company had a net profit of $497 million.
Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is neutral on the stock.
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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.
