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Goldman Sachs Keeps Their Hold Rating on Helmerich & Payne (HP)

Tipranks - Thu Mar 5, 7:02AM CST

In a report released yesterday, Atidrip Modak from Goldman Sachs maintained a Hold rating on Helmerich & Payne, with a price target of $35.00. The company’s shares closed yesterday at $33.96.

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According to TipRanks, Modak is a 4-star analyst with an average return of 25.5% and a 50.00% success rate. Modak covers the Energy sector, focusing on stocks such as Liberty Energy, Helmerich & Payne, and NOV.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Helmerich & Payne with a $36.50 average price target.

Based on Helmerich & Payne’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.02 billion and a GAAP net loss of $97.16 million. In comparison, last year the company earned a revenue of $677.3 million and had a net profit of $54.77 million

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