Published On: Wed, Oct 19th, 2016

Helmerich & Payne, Inc. (NYSE:HP) – Broker Update

Below are the most recently updated broker updates which include ratings and price targets for Helmerich & Payne, Inc. (NYSE:HP).

10/05/2016 – Broker: Citigroup Rating: neutral New Target: 72 reiteration

09/15/2016 – Broker: Argus Rating: hold downgrade

09/15/2016 – Broker: D.A. Davidson Rating: buy New Target: 72 newcoverage

09/06/2016 – Broker: Morgan Stanley Rating: equal-weight New Target: 80 upgrade

08/04/2016 – Broker: Simmons Rating: neutral New Target: 50 reiteration

07/29/2016 – Broker: FBR Capital Markets Rating: mkt perform New Target: 58 reiteration

06/21/2016 – Broker: KeyBanc Rating: overweight New Target: 80 upgrade

06/13/2016 – Broker: Bank of America Merrill Lynch Rating: buy newcoverage

06/01/2016 – Broker: Credit Suisse Rating: underperform New Target: 48 downgrade

05/03/2016 – Broker: Nomura Rating: buy New Target: 72 reiteration

05/03/2016 – Broker: UBS Rating: buy New Target: 72 reiteration

05/03/2016 – Broker: Scotiabank Rating: sector perform reiteration

05/03/2016 – Broker: Cowen Rating: market perform New Target: 58 reiteration

04/15/2016 – Broker: JP Morgan Rating: underweight New Target: 39 downgrade

04/04/2016 – Broker: Iberia Capital Rating: sector perform New Target: 61 reiteration

The average price target from the most recent broker reports is 63.50

The stock increased +0.57% (+0.38) during the last days session, reaching 67.17 and roughly 1326633 shares were bought or sold by traders. Helmerich & Payne, Inc. (NYSE:HP) has increased by +26.40% over 12 months.

Helmerich & Payne, Inc. is engaged in contract drilling of oil and gas wells for others. The Company operates in the contract drilling industry. The Company’s contract drilling business consists of three segments: U.S. Land, Offshore and International Land. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology. Its real estate investments are located within Tulsa, Oklahoma, and include a shopping center containing approximately 441,000 leasable square feet, multi-tenant industrial warehouse properties containing approximately one million leasable square feet and approximately 210 acres of undeveloped real estate. The Company provides drilling rigs, equipment, personnel and camps on a contract basis. The Company’s subsidiaries include Helmerich & Payne International Drilling Co. and Helmerich & Payne de Venezuela, C.A.