.jpg "Helmerich & Payne (NYSE: HP)")
In a report issued on October 9, Marc Bianchi from Cowen & Co. reiterated a Hold rating on Helmerich & Payne (NYSE: HP), with a price target of $61. The company’s shares closed yesterday at $68.24.
According to TipRanks.com, Bianchi has 0 stars on 0-5 star ranking scale with an average return of -8.1% and a 30.8% 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 Moderate Buy, with a price target consensus of $70.43.
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The company has a one-year high of $75.02 and a one-year low of $50.64. Currently, Helmerich & Payne has an average volume of 1.21M.
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.
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.
