RBC Capital Sticks to Their Hold Rating for Helmerich & Payne (HP)
In a report released yesterday, Keith Mackey from RBC Capital maintained a Hold rating on Helmerich & Payne, with a price target of $29.00. The company’s shares closed yesterday at $27.20.
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Mackey covers the Energy sector, focusing on stocks such as Enerflex, Halliburton, and Helmerich & Payne. According to TipRanks, Mackey has an average return of 18.7% and a 61.65% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Helmerich & Payne with a $26.57 average price target, a -2.32% downside from current levels. In a report released yesterday, Evercore ISI also maintained a Hold rating on the stock with a $27.00 price target.
Based on Helmerich & Payne’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.01 billion and a GAAP net loss of $57.36 million. In comparison, last year the company earned a revenue of $693.79 million and had a net profit of $75.48 million
Read More on HP:
Disclaimer & DisclosureReport an Issue
- Helmerich & Payne price target raised to $29 from $25 at Barclays
- Helmerich & Payne’s Earnings Call: Expansion and Challenges
- Helmerich & Payne price target raised to $27 from $20 at Evercore ISI
- Helmerich & Payne price target raised to $31 from $26 at Susquehanna
- Helmerich & Payne Reports Q4 Loss, Plans Rig Reactivations
