In a report issued on October 5, Tom Curran from B.Riley FBR reiterated a Buy rating on Helmerich & Payne (NYSE: HP), with a price target of $83. The company’s shares closed on Friday at $71.93, close to its 52-week high of $75.02.
According to TipRanks.com, Curran is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -3.3% and a 47.6% success rate. Curran covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Select Energy Services Inc, and Baker Hughes a GE company.
Helmerich & Payne has an analyst consensus of Moderate Buy, with a price target consensus of $69.67, which is a -3.1% downside from current levels. In a report issued on September 20, RBC Capital also upgraded the stock to Buy with a $90 price target.
The company has a one-year high of $75.02 and a one-year low of $50.30. Currently, Helmerich & Payne has an average volume of 1.2M.
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.
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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.