Helmerich & Payne Price Target Raised to $115.00 at Cowen and Company (HP)
Equities researchers at Cowen and Company lifted their price objective on shares of Helmerich & Payne (NYSE:HP) from $112.00 to $115.00 in a research report issued on Friday. Cowen and Company’s price objective suggests a potential upside of 9.03% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Helmerich & Payne from $105.00 to $115.00 in a research note on Friday. They now have a “hold” rating on the stock. Separately, analysts at BMO Capital Markets downgraded shares of Helmerich & Payne from an “outperform” rating to a “market perform” rating in a research note on Friday. Finally, analysts at Tudor Pickering downgraded shares of Helmerich & Payne from a “buy” rating to an “accumulate” rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. Helmerich & Payne currently has a consensus rating of “Hold” and a consensus target price of $105.67.
Shares of Helmerich & Payne (NYSE:HP) traded down 0.73% during mid-day trading on Friday, hitting $105.48. 1,764,190 shares of the company’s stock traded hands. Helmerich & Payne has a 52 week low of $62.39 and a 52 week high of $118.95. The stock’s 50-day moving average is $114.6 and its 200-day moving average is $104.6. The company has a market cap of $11.407 billion and a P/E ratio of 14.99.
Helmerich & Payne (NYSE:HP) last announced its earnings results on Thursday, July 31st. The company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.12. The company had revenue of $952.10 million for the quarter, compared to the consensus estimate of $942.13 million. During the same quarter in the previous year, the company posted $1.44 earnings per share. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, analysts predict that Helmerich & Payne will post $6.34 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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