Jefferies Group Increases Helmerich & Payne Price Target to $98.00 (HP)
Research analysts at Jefferies Group lifted their price target on shares of Helmerich & Payne (NYSE:HP) from $80.00 to $98.00 in a report released on Monday, Analyst Ratings Network reports. Jefferies Group’s price objective suggests a potential upside of 13.60% from the company’s current price.
A number of other firms have also recently commented on HP. Analysts at Cowen and Company raised their price target on shares of Helmerich & Payne from $86.00 to $90.00 in a research note to investors on Friday. They now have a “market perform” rating on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of Helmerich & Payne from $90.00 to $98.00 in a research note to investors on Friday. Finally, analysts at Howard Weil raised their price target on shares of Helmerich & Payne to $100.00 in a research note to investors on Friday. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $86.06.
Helmerich & Payne (NYSE:HP) traded down 2.01% on Monday, hitting $86.27. 1,805,903 shares of the company’s stock traded hands. Helmerich & Payne has a 52-week low of $55.78 and a 52-week high of $88.58. The stock has a 50-day moving average of $84. and a 200-day moving average of $74.64. The company has a market cap of $9.243 billion and a P/E ratio of 12.96.
Helmerich & Payne (NYSE:HP) last released its earnings data 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. On average, analysts predict that Helmerich & Payne will post $5.86 earnings per share 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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