Helmerich & Payne Price Target Increased to $79.00 by Analysts at Sanford C. Bernstein (HP)
Equities research analysts at Sanford C. Bernstein increased their price objective on shares of Helmerich & Payne (NYSE:HP) from $70.00 to $79.00 in a research note issued to investors on Friday, AmericanBankingNews.com reports. The firm currently has a “market perform” rating on the stock. Sanford C. Bernstein’s price target points to a potential upside of 2.03% from the company’s current price.
Shares of Helmerich & Payne (NYSE:HP) traded down 0.15% during mid-day trading on Friday, hitting $77.43. The stock had a trading volume of 1,070,668 shares. Helmerich & Payne has a one year low of $43.76 and a one year high of $79.12. The stock’s 50-day moving average is $73.0 and its 200-day moving average is $65.92. The company has a market cap of $8.245 billion and a price-to-earnings ratio of 11.42.
A number of other analysts have also recently weighed in on HP. Analysts at Susquehanna raised their price target on shares of Helmerich & Payne from $67.00 to $77.00 in a research note to investors on Wednesday, October 16th. They now have a “neutral” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Helmerich & Payne from $72.00 to $80.00 in a research note to investors on Wednesday, October 9th. They now have a “sector perform” rating on the stock. Finally, 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. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $71.71.
Helmerich & Payne, Inc is engaged in contract drilling of oil and gases wells for others and this business.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.