Helmerich & Payne PT Raised to $100.00 at Howard Weil (HP)
Stock analysts at Howard Weil boosted their price objective on shares of Helmerich & Payne (NYSE:HP) to $100.00 in a report issued on Friday, AR Network reports. Howard Weil’s target price would indicate a potential upside of 14.03% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Susquehanna raised their price target on shares of Helmerich & Payne from $83.00 to $89.00 in a research note to investors on Friday. Separately, analysts at ISI Group raised their price target on shares of Helmerich & Payne from $93.00 to $102.00 in a research note to investors on Friday. Finally, analysts at Barclays raised their price target on shares of Helmerich & Payne from $76.00 to $86.00 in a research note to investors on Friday. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $83.50.
Helmerich & Payne (NYSE:HP) traded up 0.55% on Friday, hitting $88.18. The stock had a trading volume of 310,087 shares. Helmerich & Payne has a 52-week low of $55.78 and a 52-week high of $88.30. The stock has a 50-day moving average of $83.94 and a 200-day moving average of $74.28. The company has a market cap of $9.448 billion and a price-to-earnings ratio of 12.91.
Helmerich & Payne (NYSE:HP) last announced its earnings results on Thursday, January 30th. The company reported $1.59 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.46 by $0.13. The company had revenue of $889.20 million for the quarter, compared to the consensus estimate of $866.70 million. Analysts expect that Helmerich & Payne will post $5.80 EPS for the current fiscal year.
Helmerich & Payne, Inc is engaged in contract drilling of oil and gases wells for others and this business.
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