.jpg "Helmerich & Payne (NYSE: HP)")
In a report released today, Brad Handler from Jefferies reiterated a Buy rating on Helmerich & Payne (HP), with a price target of $64. The company’s shares opened today at $57.10.
According to TipRanks.com, Handler ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -8.6% and a 35.5% success rate. Handler covers the Basic Materials sector, focusing on stocks such as Baker Hughes a GE company, C&J Energy Services Inc, and Mammoth Energy Services.
Currently, the analyst consensus on Helmerich & Payne is a Moderate Buy with an average price target of $65.93, a 15.5% upside from current levels. In a report issued on January 30, Wells Fargo also maintained a Buy rating on the stock with a $68 price target.
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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.
