.jpg "Helmerich & Payne (NYSE: HP)")
In a report issued on January 31, John Watson from Piper Jaffray reiterated a Hold rating on Helmerich & Payne (HP), with a price target of $62. The company’s shares opened today at $57.10.
According to TipRanks.com, Watson is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -15.0% and a 28.6% success rate. Watson covers the Basic Materials sector, focusing on stocks such as Solaris Oilfield Infrastructure Inc, Covia Holdings Corporation, and Tetra Technologies.
Helmerich & Payne has an analyst consensus of Moderate Buy, with a price target consensus of $65.30, implying a 14.4% upside from current levels. In a report issued on January 31, Credit Suisse also maintained a Hold rating on the stock with a $63 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.
