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 $41.36.
Podhaizer covers the Energy sector, focusing on stocks such as Helmerich & Payne, US Silica Holdings, and Nabors Industries. According to TipRanks, Podhaizer has an average return of 1.1% and a 53.42% success rate on recommended stocks.
Currently, the analyst consensus on Helmerich & Payne is a Hold with an average price target of $42.44.
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HP market cap is currently $3.97B and has a P/E ratio of 9.60.
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HP in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
