Helmerich & Payne (HP) Gets a Hold Rating from Cowen & Co.


In a report issued on November 16, Marc Bianchi from Cowen & Co. reiterated a Hold rating on Helmerich & Payne (HP), with a price target of $66. The company’s shares closed on Friday at $62.59.

According to TipRanks.com, Bianchi is ranked 0 out of 5 stars with an average return of -11.5% and a 27.0% success rate. Bianchi covers the Basic Materials sector, focusing on stocks such as Baker Hughes a GE company, Diamond Offshore Drilling, and Oceaneering International.

Helmerich & Payne has an analyst consensus of Hold, with a price target consensus of $72.45, representing a 15.8% upside. In a report released today, Credit Suisse also upgraded the stock to Hold with a $65 price target.

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Helmerich & Payne’s market cap is currently $6.82B and has a P/E ratio of 15.12. The company has a Price to Book ratio of 1.53.

Based on the recent corporate insider activity of 63 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. Last 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.