Helmerich & Payne (NYSE:HP) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 2.9 by 23 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 11 Brokerage Firms have advised hold. 2 Analysts have rated it as strong sell. A sell rating was given by 4 analyst.
Other Equity analysts have also commented on the company shares. Bank of America initiates coverage on Helmerich & Payne (NYSE:HP). The current rating of the shares is Buy, according to the research report released by the firm. The rating by the firm was issued on June 13, 2016.
Helmerich & Payne (NYSE:HP): The mean short term price target for Helmerich & Payne (NYSE:HP) has been established at $57.53 per share. The higher price target estimate is at $76 and the lower price target estimate is expected at $40 according to 17 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $10.47
Helmerich & Payne (NYSE:HP) rose 2.06% or 1.35 points on Tuesday and made its way into the gainers of the day. After trading began at $65.92 the stock was seen hitting $67.51 as a peak level and $65.26 as the lowest level. The stock ended up at $66.98. The daily volume was measured at 1,715,500 shares. The 52-week high of the share price is $73.22 and the 52-week low is $40.02. The company has a market cap of $7,236 million.
Shares of Helmerich & Payne, Inc. rose by 3.32% in the last five trading days and 13.89% for the last 4 weeks. Helmerich & Payne, Inc. is up 13.2% in the last 3-month period. Year-to-Date the stock performance stands at 28.38%.
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.