In a report released yesterday, Judson Bailey from Wells Fargo maintained a Buy rating on Helmerich & Payne (HP). The company’s shares closed yesterday at $56.83.
According to TipRanks.com, Bailey is a 1-star analyst with an average return of -2.8% and a 32.9% success rate. Bailey covers the Basic Materials sector, focusing on stocks such as Ncs Multistage Holdings Inc, Select Energy Services Inc, and C&J Energy Services Inc.
Currently, the analyst consensus on Helmerich & Payne is a Moderate Buy with an average price target of $66.14, which is a 16.4% upside from current levels. In a report issued on January 15, J.P. Morgan also upgraded the stock to Buy with a $63 price target.
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Based on Helmerich & Payne’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $2.35 million. In comparison, last year the company had a net profit of $497 million.
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.
