B.Riley FBR analyst Tom Curran maintained a Hold rating on Helmerich & Payne (NYSE:HP) on Monday, setting a price target of $18, which is approximately 0.95% above the present share price of $17.83.
Curran expects Helmerich & Payne to post earnings per share (EPS) of -$0.43 for the third quarter of 2020.
The current consensus among 13 TipRanks analysts is for a Moderate Buy rating of shares in Helmerich & Payne, with an average price target of $21.12.
The analysts price targets range from a high of $28 to a low of $13.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $317.36 million and a net profit of -$46.29 million. The company's market cap is $1.92 billion.
According to TipRanks.com, B.Riley FBR analyst Tom Curran is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -17.9% and a 31.08% success rate.
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.