Helmerich & Payne, Inc. (NYSE:HP)‘s stock had its “in-line” rating reissued by analysts at Evercore ISI in a research note issued on Tuesday, August 1st. They presently have a $48.00 price target on the oil and gas company’s stock, down from their prior price target of $65.00. Evercore ISI’s price objective suggests a potential upside of 9.84% from the company’s previous close.
A number of other research analysts have also weighed in on the company. BMO Capital Markets reaffirmed a “sell” rating and set a $54.00 price objective on shares of Helmerich & Payne in a report on Thursday, June 22nd. UBS AG reiterated a “buy” rating and set a $60.00 target price (down from $84.00) on shares of Helmerich & Payne in a research report on Monday, July 31st. Zacks Investment Research upgraded Helmerich & Payne from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Monday, April 3rd. Iberia Capital upgraded Helmerich & Payne from a “sector perform” rating to an “outperform” rating and set a $74.00 target price on the stock in a research report on Thursday, May 4th. Finally, Goldman Sachs Group, Inc. (The) downgraded Helmerich & Payne from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $63.00 to $45.00 in a research report on Monday, May 22nd. Seven analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $56.77.
Helmerich & Payne (NYSE HP) opened at 43.70 on Tuesday. Helmerich & Payne has a 12-month low of $43.00 and a 12-month high of $85.78. The stock’s 50 day moving average is $51.28 and its 200 day moving average is $59.76. The firm’s market cap is $4.74 billion.
TRADEMARK VIOLATION NOTICE: This news story was originally reported by Community Financial News and is owned by of Community Financial News. If you are reading this news story on another website, it was stolen and reposted in violation of international copyright laws. The correct version of this news story can be read at https://www.com-unik.info/2017/08/19/helmerich-payne-inc-hp-stock-rating-reaffirmed-by-evercore-isi-updated-updated.html.
A number of hedge funds have recently added to or reduced their stakes in HP. BlackRock Inc. boosted its stake in Helmerich & Payne by 3,318.2% in the first quarter. BlackRock Inc. now owns 10,967,068 shares of the oil and gas company’s stock worth $730,077,000 after buying an additional 10,646,223 shares during the last quarter. Artisan Partners Limited Partnership bought a new position in Helmerich & Payne during the first quarter valued at $153,996,000. Brandywine Global Investment Management LLC raised its position in Helmerich & Payne by 2,253.8% in the second quarter. Brandywine Global Investment Management LLC now owns 2,147,944 shares of the oil and gas company’s stock valued at $116,720,000 after buying an additional 2,056,689 shares during the period. American Century Companies Inc. raised its position in Helmerich & Payne by 380.2% in the first quarter. American Century Companies Inc. now owns 1,930,681 shares of the oil and gas company’s stock valued at $128,525,000 after buying an additional 1,528,604 shares during the period. Finally, Capital International Investors raised its position in Helmerich & Payne by 33.5% in the second quarter. Capital International Investors now owns 5,849,715 shares of the oil and gas company’s stock valued at $317,874,000 after buying an additional 1,466,700 shares during the period.
About Helmerich & Payne
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.
What are top analysts saying about Helmerich & Payne Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Helmerich & Payne Inc. and related companies.