Cowen & Co. analyst Marc Bianchi reiterated a Hold rating on Helmerich & Payne (HP) today and set a price target of $61. The company’s shares closed on Friday at $60.60.
According to TipRanks.com, Bianchi has 0 stars on 0-5 star ranking scale with an average return of -14.8% and a 25.0% success rate. Bianchi covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Baker Hughes a GE company, and Diamond Offshore Drilling.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Helmerich & Payne with a $72.36 average price target, a 19.4% upside from current levels. In a report issued on November 19, Credit Suisse also upgraded the stock to Hold with a $65 price target.
See today’s analyst top recommended stocks >>
Based on Helmerich & Payne’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $2.35 million. In comparison, last year the company had a GAAP net loss of $22.99 million.
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is neutral on the stock. Most recently, in October 2018, 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.