Helmerich & Payne, Inc. (NYSE:HP)‘s stock had its “outperform” rating restated by equities researchers at Sanford C. Bernstein in a report released on Wednesday. They presently have a $66.00 target price on the oil and gas company’s stock. Sanford C. Bernstein’s target price points to a potential upside of 45.12% from the stock’s current price.

Other analysts have also issued reports about the stock. BMO Capital Markets restated a “sell” rating and issued a $54.00 price objective on shares of Helmerich & Payne in a report on Thursday, June 22nd. UBS AG restated a “buy” rating and issued a $60.00 price objective (down from $84.00) on shares of Helmerich & Payne in a report on Monday, July 31st. Goldman Sachs Group, Inc. (The) lowered shares of Helmerich & Payne from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $63.00 to $45.00 in a report on Monday, May 22nd. Royal Bank Of Canada restated a “hold” rating and issued a $65.00 price objective on shares of Helmerich & Payne in a report on Thursday, July 20th. Finally, Jefferies Group LLC set a $54.00 price objective on shares of Helmerich & Payne and gave the stock a “hold” rating in a report on Tuesday, June 6th. Seven investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $55.00.

Helmerich & Payne (NYSE HP) traded down 1.22% on Wednesday, hitting $45.48. The stock had a trading volume of 1,277,617 shares. The company’s market cap is $4.94 billion. Helmerich & Payne has a 52-week low of $42.16 and a 52-week high of $85.78. The stock’s 50-day moving average is $46.98 and its 200-day moving average is $57.21.

Helmerich & Payne (NYSE:HP) last posted its earnings results on Thursday, July 27th. The oil and gas company reported ($0.25) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.30) by $0.05. The company had revenue of $498.60 million during the quarter, compared to analyst estimates of $452.42 million. Helmerich & Payne had a negative net margin of 11.19% and a negative return on equity of 3.37%. Helmerich & Payne’s revenue for the quarter was up 36.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.20) earnings per share. Analysts expect that Helmerich & Payne will post ($1.32) earnings per share for the current year.

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Hedge funds have recently modified their holdings of the stock. Ameritas Investment Partners Inc. purchased a new stake in Helmerich & Payne in the first quarter worth approximately $172,000. Ffcm LLC boosted its holdings in Helmerich & Payne by 409.2% in the second quarter. Ffcm LLC now owns 2,872 shares of the oil and gas company’s stock worth $160,000 after purchasing an additional 2,308 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in Helmerich & Payne in the first quarter worth approximately $209,000. AlphaMark Advisors LLC boosted its holdings in Helmerich & Payne by 3.1% in the second quarter. AlphaMark Advisors LLC now owns 3,326 shares of the oil and gas company’s stock worth $181,000 after purchasing an additional 101 shares during the last quarter. Finally, Meridian Wealth Management LLC purchased a new stake in Helmerich & Payne in the first quarter worth approximately $236,000.

Helmerich & Payne Company Profile

Helmerich & Payne, Inc is engaged in contract drilling of oil and gas wells for others. The Company operates in the contract drilling industry. The Company’s contract drilling business consists of three segments: U.S. Land, Offshore and International Land. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology.

Analyst Recommendations for Helmerich & Payne (NYSE:HP)

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