Tudor Pickering Upgrades Helmerich & Payne to Buy (HP)

By admin | 6 years ago

Helmerich & Payne (NYSE: HP) was upgraded by equities research analysts at Tudor Pickering from an “accumulate” rating to a “buy” rating in a research note issued to investors on Tuesday.

Shares of Helmerich & Payne traded down 1.29% during mid-day trading on Tuesday, hitting $44.97. Helmerich & Payne has a one year low of $35.58 and a one year high of $73.40. The company has a market cap of $4.830 billion and a P/E ratio of 9.85.

Helmerich & Payne last issued its quarterly earnings data on Thursday, April 26th. The company reported $1.20 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.21 by $0.01. The company’s revenue for the quarter was up 27.5% on a year-over-year basis. Analysts expect that Helmerich & Payne will post $1.25 EPS next quarter.

Other equities research analysts have also recently issued reports about the stock. Analysts at Argus upgraded shares of Helmerich & Payne from a “hold” rating to a “buy” rating in a research note to investors on Thursday, May 17th. They now have a $55.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Helmerich & Payne in a research note to investors on Monday, April 30th. Finally, analysts at Global Hunter Securities reiterated a “neutral” rating on shares of Helmerich & Payne in a research note to investors on Friday, April 27th. They now have a $54.00 price target on the stock, down previously from $59.00.

Helmerich & Payne, Inc. is engaged in contract drilling of oil and gas wells for others. The Company’s contract drilling business consists of three business segments: U.

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