Helmerich & Payne Receives Consensus Recommendation of “Hold” from Analysts (NYSE:HP)
Shares of Helmerich & Payne (NYSE:HP) have been given a consensus recommendation of “Hold” by the nineteen ratings firms that are currently covering the stock, Stock Ratings News reports. Twelve investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $105.08.
Helmerich & Payne (NYSE:HP) opened at 100.04 on Monday. Helmerich & Payne has a 1-year low of $62.39 and a 1-year high of $118.95. The stock’s 50-day moving average is $109.3 and its 200-day moving average is $106.0. The company has a market cap of $10.827 billion and a P/E ratio of 15.82.
Helmerich & Payne (NYSE:HP) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.75 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.44 earnings per share. The company’s quarterly revenue was up 13.3% 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.
A number of analysts have recently weighed in on HP shares. Analysts at Credit Suisse upgraded shares of Helmerich & Payne from an “underperform” rating to a “neutral” rating in a research note on Thursday, August 14th. Separately, analysts at Global Hunter Securities upgraded shares of Helmerich & Payne from a “neutral” rating to an “accumulate” rating in a research note on Tuesday, August 12th. They now have a $115.00 price target on the stock, down previously from $129.00. Finally, analysts at Cowen and Company raised their price target on shares of Helmerich & Payne from $112.00 to $115.00 in a research note on Friday, August 1st.
Helmerich & Payne, Inc is engaged in contract drilling of oil and gases wells for others and this business.
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