Helmerich & Payne (NYSE:HP) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.73 by 23 Brokerage Firm. 5 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. 1 Analysts have rated it as strong sell. A sell rating was given by 4 analyst.
Several brokerage firms have commented on the stock rating. In a research note released to the investors, Citigroup maintains its rating on Helmerich & Payne (NYSE:HP).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Citigroup raises the new price target from $50 per share to $62 per share. The rating by the firm was issued on March 18, 2016.
Helmerich & Payne (NYSE:HP): According to 18 Analysts, The short term target price has been estimated at $ 57.5.The target price could deviate by a maximum of $14.47 from the forecast price. In the near term, the target price could hit a high of $98 and a low of $ 40.
Helmerich & Payne (NYSE:HP) witnessed a decline in the market cap on Tuesday as its shares dropped 0.02% or 0.01 points. After the session commenced at $56.05, the stock reached the higher end at $57.84 while it hit a low of $56. With the volume soaring to 1,366,561 shares, the last trade was called at $56.78. The company has a 52-week high of $79.9. The company has a market cap of $6,133 million and there are 108,010,599 shares in outstanding. The 52-week low of the share price is $40.02.
Helmerich & Payne, Inc. has lost 2.29% in the last five trading days and dropped 8.36% in the last 4 weeks. Helmerich & Payne, Inc. is up 6.32% in the last 3-month period. Year-to-Date the stock performance stands at 7.57%.
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.