Wells Fargo Thinks Helmerich & Payne’s Stock is Going to Recover


Wells Fargo analyst Judson Bailey maintained a Buy rating on Helmerich & Payne (HP) yesterday. The company’s shares closed on Friday at $49, close to its 52-week low of $44.56.

According to TipRanks.com, Bailey is a 1-star analyst with an average return of -5.7% and a 28.8% success rate. Bailey covers the Basic Materials sector, focusing on stocks such as Ncs Multistage Holdings Inc, Select Energy Services Inc, and Baker Hughes a GE company.

The word on The Street in general, suggests a Hold analyst consensus rating for Helmerich & Payne with a $70.25 average price target.

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Helmerich & Payne’s market cap is currently $5.34B and has a P/E ratio of 11.21. The company has a Price to Book ratio of 1.22.

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.

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