In a report released today, Derek Podhaizer from Barclays maintained a Hold rating on Helmerich & Payne (HP – Research Report), with a price target of $42.00. The company’s shares closed yesterday at $40.26.
According to TipRanks, Podhaizer is a 2-star analyst with an average return of 0.6% and a 52.86% success rate. Podhaizer covers the Energy sector, focusing on stocks such as Patterson-UTI, Helmerich & Payne, and US Silica Holdings.
Helmerich & Payne has an analyst consensus of Hold, with a price target consensus of $42.30, implying a 5.07% upside from current levels. In a report released yesterday, TD Cowen also maintained a Hold rating on the stock with a $44.00 price target.
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Based on Helmerich & Payne’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $677.15 million and a net profit of $95.17 million. In comparison, last year the company earned a revenue of $719.64 million and had a net profit of $97.15 million
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Helmerich & Payne (HP) Company Description:
Helmerich & Payne, Inc. engages in contract drilling of oil and gas well. It operates through the following segments: U.S. Land, Offshore, International Land and Helmerich and Payne Technologies. The U.S. Land segment operates its drilling business primarily in Oklahoma, California, Texas, Wyoming, Colorado, Louisiana, Mississippi, Pennsylvania, Ohio, Utah, New Mexico, Montana, North Dakota, West Virginia and Nevada. The Offshore segment conducts its business in the Gulf of Mexico and Equatorial Guinea. The International Land segment operates in six international locations including Ecuador, Colombia, Argentina, Bahrain, United Arab Emirates, and Mozambique. The Helmerich and Payne Technologies segment focuses on developing, promoting and commercializing technologies designed to improve the efficiency and accuracy of drilling operations, as well as wellbore quality and placement. The company was founded by Walter Helmerich Hugo II and William Payne in 1920 and is headquartered in Tulsa, OK.
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