.jpg "Helmerich & Payne (NYSE: HP)")
In a report released today, Charles Minervino from Susquehanna reiterated a Buy rating on Helmerich & Payne (HP), with a price target of $66. The company’s shares opened today at $58.
According to TipRanks.com, Minervino is ranked 0 out of 5 stars with an average return of -18.6% and a 23.5% success rate. Minervino covers the Basic Materials sector, focusing on stocks such as Diamond Offshore Drilling, Nabors Industries, and National-Oilwell.
Helmerich & Payne has an analyst consensus of Moderate Buy, with a price target consensus of $65.96, implying a 13.7% upside from current levels. In a report released yesterday, Wells Fargo also maintained a Buy rating on the stock.
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Helmerich & Payne’s market cap is currently $6.19B and has a P/E ratio of 12.98. The company has a Price to Book ratio of 1.41.
Based on the recent corporate insider activity of 59 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.
