Helmerich & Payne (HP) : Analyst Rating Update

Helmerich & Payne (HP) has an average broker rating of 2.81, which is interpreted as a Hold, as rated by 23 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 10 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 4 considers that the stock is a Sell.

Helmerich & Payne (HP) : Average target price received by Helmerich & Payne (HP) is $58.78 with an expected standard deviation of $11.46. The most aggressive target on the stock is $80, whereas the most downbeat target is $40. 18 financial analysts are currently covering the stock.

Helmerich & Payne (NYSE:HP): The stock opened at $64.92 on Wednesday but the bulls could not build on the opening and the stock topped out at $65.45 for the day. The stock traded down to $63.92 during the day, due to lack of any buying support eventually closed down at $65.02 with a loss of -0.35% for the day. The stock had closed at $65.25 on the previous day. The total traded volume was 1,702,657 shares.

Also, Major Brokerage house, KeyBanc upgrades its ratings on Helmerich & Payne (NYSE:HP). According to the latest information available, the shares are now rated Overweight by the analysts at the agency. Previously, the analysts had a Sector Weight rating on the shares. The rating by the firm was issued on June 21, 2016. The company shares have rallied 2.47% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $69.20 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $63.42 and the 200 Day Moving Average price is recorded at $57.35.

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.

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