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In a report issued on May 1, Kurt Hallead from RBC Capital maintained a Buy rating on Helmerich & Payne (HP), with a price target of $24.00. The company’s shares closed last Friday at $16.81, close to its 52-week low of $12.40.
According to TipRanks.com, Hallead ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -18.8% and a 26.6% success rate. Hallead covers the Services sector, focusing on stocks such as Independence Contract Drilling, Diamond Offshore Drilling, and Oceaneering International.
Helmerich & Payne has an analyst consensus of Hold, with a price target consensus of $26.15.
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The company has a one-year high of $59.68 and a one-year low of $12.40. Currently, Helmerich & Payne has an average volume of 3.29M.
Based on the recent corporate insider activity of 53 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.
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, International Land and Helmerich and Payne Technologies. The U.S. Land segment operates its drilling business primarily in Oklahoma, California, Texas, Wyoming, Colorado, Louisiana, Mississippi, Pennsylvania, Ohio, Utah, New Mexico, Montana, North Dakota, West Virginia and Nevada. The Offshore segment conducts its business in the Gulf of Mexico and Equatorial Guinea. The International Land segment operates in six international locations including Ecuador, Colombia, Argentina, Bahrain, United Arab Emirates, and Mozambique. The Helmerich and Payne Technologies segment focuses on developing, promoting and commercializing technologies designed to improve the efficiency and accuracy of drilling operations, as well as wellbore quality and placement. The company was founded by Walter Helmerich Hugo II and William Payne in 1920 and is headquartered in Tulsa, OK.
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