RBC Capital analyst Keith Mackey maintained a Hold rating on Helmerich & Payne (HP – Research Report) today and set a price target of $48.00. The company’s shares closed yesterday at $40.44.
According to TipRanks, Mackey is a top 100 analyst with an average return of 23.7% and a 64.94% success rate. Mackey covers the Energy sector, focusing on stocks such as Nabors Industries, Schlumberger, and Baker Hughes Company.
In addition to RBC Capital, Helmerich & Payne also received a Hold from Benchmark Co.’s Kurt Hallead in a report issued yesterday. However, on April 15, Bank of America Securities maintained a Buy rating on Helmerich & Payne (NYSE: HP).
HP market cap is currently $4.18B and has a P/E ratio of 10.11.
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.
Read More on HP:
