Helmerich & Payne Price Target Raised to $80.00 at RBC Capital (HP)
Investment analysts at RBC Capital upped their price target on shares of Helmerich & Payne (NYSE:HP) from $72.00 to $80.00 in a note issued to investors on Wednesday, Analyst Ratings.Net reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price objective suggests a potential upside of 12.50% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Helmerich & Payne in a research note to investors on Monday, September 30th. They now have a $73.00 price target on the stock. Separately, analysts at Bank of America Corp. initiated coverage on shares of Helmerich & Payne in a research note to investors on Thursday, September 26th. They set a “buy” rating and a $82.00 price target on the stock. Finally, analysts at Barclays Capital raised their price target on shares of Helmerich & Payne from $70.00 to $72.00 in a research note to investors on Tuesday, September 3rd. They now have an “equal weight” rating on the stock. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Helmerich & Payne currently has an average rating of “Hold” and an average target price of $70.47.
Helmerich & Payne (NYSE:HP) traded down 0.99% during mid-day trading on Wednesday, hitting $71.11. The stock had a trading volume of 1,035,413 shares. Helmerich & Payne has a 1-year low of $45.38 and a 1-year high of $74.29. The stock has a 50-day moving average of $67.50 and a 200-day moving average of $64.05. The company has a market cap of $7.572 billion and a price-to-earnings ratio of 10.58.
Helmerich & Payne (NYSE:HP) last released its earnings data on Friday, July 26th. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.04. The company had revenue of $838.30 million for the quarter, compared to the consensus estimate of $844.15 million. During the same quarter in the previous year, the company posted $1.38 earnings per share. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, analysts predict that Helmerich & Payne will post $5.59 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Wednesday, November 13th.
Helmerich & Payne, Inc is engaged in contract drilling of oil and gases wells for others and this business.
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