Analyst Rating Update on Helmerich & Payne (HP)

Helmerich & Payne (NYSE:HP) has an average broker rating of 2.81, which is interpreted as a Hold, as rated by 23 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 10 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 4 considers that the stock is a Sell.

Helmerich & Payne (NYSE:HP) has been rated by 18 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $80 and the lowest price target forecast is $40. The average forecast of all the analysts is $58.78 and the expected standard deviation is $11.46.

Company shares have received an average consensus rating of Hold for the current week Also, In a research note released to the investors, KeyBanc upgrades its rating on Helmerich & Payne (NYSE:HP).The analysts at the brokerage house have a current rating of Overweight on the shares. Earlier, the shares were rated a Sector Weight by the brokerage firm. The rating by the firm was issued on June 21, 2016.

Helmerich & Payne (NYSE:HP): stock turned positive on Tuesday. Though the stock opened at $64.15, the bulls momentum made the stock top out at $64.7399 level for the day. The stock recorded a low of $63.63 and closed the trading day at $64, in the green by 2.14%. The total traded volume for the day was 2,164,059. The stock had closed at $62.66 in the previous days trading.

In an insider trading activity,The director officer (President & CEO) of Helmerich & Payne, Inc., Lindsay John W sold 19,000 shares at $67.37 on June 9, 2016. The Insider selling transaction had a total value worth of $1,280,030. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Helmerich & Payne, Inc. is engaged in contract drilling of oil and gas wells for others. The Company operates in the contract drilling industry. The Companys contract drilling business consists of three business segments: U.S. Land, Offshore and International Land. Its U.S. Land segment operates drilling operations in Oklahoma, California, Texas, Wyoming, Colorado, Louisiana, Mississippi, Pennsylvania, Ohio, Utah, New Mexico, Montana, North Dakota, West Virginia and Nevada. Its offshore operations are conducted in the Gulf of Mexico and Equatorial Guinea. Its International Land segment operates in seven international locations, including Ecuador, Colombia, Argentina, Tunisia, Bahrain, the United Arab Emirates and Mozambique. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology.

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