Helmerich & Payne Given Neutral Rating at UBS AG (HP)
Helmerich & Payne (NYSE:HP)‘s stock had its “neutral” rating reiterated by equities research analysts at UBS AG in a research note issued to investors on Monday, Analyst Ratings.Net reports. They currently have a $110.00 price target on the stock, up from their previous price target of $90.00. UBS AG’s target price indicates a potential upside of 1.91% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Guggenheim downgraded shares of Helmerich & Payne from a “neutral” rating to a “sell” rating in a research note on Monday, May 5th. They now have a $80.00 price target on the stock, down previously from $90.00. They noted that the move was a valuation call. Separately, analysts at Howard Weil downgraded shares of Helmerich & Payne from a “sector outperform” rating to a “sector perform” rating in a research note on Thursday, May 1st. They now have a $112.00 price target on the stock. Finally, analysts at Cowen and Company raised their price target on shares of Helmerich & Payne from $90.00 to $110.00 in a research note on Monday, April 28th. They now have a “market perform” rating on the stock. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $94.06.
Shares of Helmerich & Payne (NYSE:HP) traded up 1.48% during mid-day trading on Monday, hitting $107.94. The stock had a trading volume of 974,489 shares. Helmerich & Payne has a 52 week low of $59.77 and a 52 week high of $117.00. The stock’s 50-day moving average is $107.8 and its 200-day moving average is $91.46. The company has a market cap of $11.673 billion and a P/E ratio of 15.00.
Helmerich & Payne (NYSE:HP) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.59 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.48 by $0.11. The company had revenue of $893.40 million for the quarter, compared to the consensus estimate of $888.35 million. During the same quarter in the prior year, the company posted $1.39 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. On average, analysts predict that Helmerich & Payne will post $6.29 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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