Helmerich & Payne Sets New 52-Week High at $89.74 (HP)
Helmerich & Payne (NYSE:HP) hit a new 52-week high during trading on Thursday , Analyst RN reports. The company traded as high as $89.74 and last traded at $89.52, with a volume of 762,320 shares. The stock had previously closed at $87.61.
A number of analysts have recently weighed in on HP shares. Analysts at Credit Suisse downgraded shares of Helmerich & Payne from a “neutral” rating to an “underperform” rating in a research note on Tuesday, February 4th. They now have a $75.00 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Helmerich & Payne from $80.00 to $98.00 in a research note on Monday, February 3rd. Finally, analysts at Cowen and Company raised their price target on shares of Helmerich & Payne from $86.00 to $90.00 in a research note on Friday, January 31st. They now have a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. Helmerich & Payne presently has an average rating of “Hold” and a consensus price target of $86.71.
The stock’s 50-day moving average is $85.41 and its 200-day moving average is $75.69. The company has a market cap of $9.607 billion and a price-to-earnings ratio of 12.70.
Helmerich & Payne (NYSE:HP) last announced its earnings results on Thursday, January 30th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the 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 $6.09 earnings per share for the current fiscal year.
In other Helmerich & Payne news, CFO Juan Pablo Tardio sold 25,250 shares of Helmerich & Payne stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $85.04, for a total value of $2,147,260.00. Following the sale, the chief financial officer now directly owns 30,511 shares of the company’s stock, valued at approximately $2,594,655. The sale was disclosed in a filing with the SEC, which is available at this link.
Helmerich & Payne, Inc is engaged in contract drilling of oil and gases wells for others and this business.
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