Helmerich & Payne (HP) Gets a Hold from RBC Capital

RBC Capital analyst Keith Mackey maintained a Hold rating on Helmerich & Payne (HP – Research Report) on April 11 and set a price target of $48.00. The company’s shares closed last Friday at $41.79.

Mackey covers the Energy sector, focusing on stocks such as Schlumberger, Baker Hughes Company, and Halliburton. According to TipRanks, Mackey has an average return of 26.0% and a 69.36% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for Helmerich & Payne with a $43.40 average price target.

HP market cap is currently $4.13B and has a P/E ratio of 9.98.

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.

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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.