Short Term Rating on Helmerich & Payne (HP)

Helmerich & Payne (HP) : 5 brokerage houses believe that Helmerich & Payne (HP) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 10 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Helmerich & Payne (HP). Zacks Investment Research suggests a Hold with a rank of 3. 4 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 23 Wall Street Analysts endorse the stock as a Hold with a rating of 2.81.

Helmerich & Payne (HP) : The most positive equity analysts on Helmerich & Payne (HP) expects the shares to touch $80, whereas, the least positive believes that the stock will trade at $40 in the short term. The company is covered by 18 Wall Street Brokerage Firms. The average price target for shares are $59.83 with an expected fluctuation of $11.77 from the mean.

Company shares have received an average consensus rating of Hold for the current week


Helmerich & Payne (NYSE:HP): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $67.94 and $67.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $70.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $69.77, notching a gain of 5.44% for the day. The total traded volume was 2,146,338 . The stock had closed at $66.17 on the previous day.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.