Helmerich & Payne Receives Average Rating of “Hold” from Brokerages (NYSE:HP)
Helmerich & Payne (NYSE:HP) has earned a consensus recommendation of “Hold” from the nineteen ratings firms that are covering the company, Analyst Ratings Net reports. Two analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $95.67.
A number of analysts have recently weighed in on HP shares. Analysts at Zacks reiterated an “outperform” rating on shares of Helmerich & Payne in a research note on Thursday, May 15th. They now have a $130.00 price target on the stock. Separately, 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. Finally, 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.
Shares of Helmerich & Payne (NYSE:HP) opened at 107.64 on Wednesday. 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 $107.6 and its 200-day moving average is $93.81. The company has a market cap of $11.641 billion and a P/E ratio of 15.11.
Helmerich & Payne (NYSE:HP) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.39 earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. Analysts expect that Helmerich & Payne will post $6.29 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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