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A report released today by Seaport Global Securities about Helmerich & Payne (NYSE:HP) raises the target price to $77.00

Seaport Global Securities bumped up the target of Helmerich & Payne (NYSE:HP) to $77.00 stating a potential upside of 0.02%.

Previously on 3/9/2016, Susquehanna reported on Helmerich & Payne (NYSE:HP) raised the target price from $53.00 to $63.00. At the time, this indicated a possible upside of 0.04%.

Just yesterday Helmerich & Payne (NYSE:HP) traded 2.91% higher at $75.65. Helmerich & Payne’s 50-day moving average is $66.22 and its two hundred day average is $64.00. With the last stock price close up 21.64% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Volume of trade was up over the average, with 4,134,472 shares of HP changing hands over the typical 1,888,860

Performance Chart

Helmerich & Payne (NYSE:HP)

With a total market value of $0, Helmerich & Payne has with a one year low of $40.02 and a one year high of $79.66 .

A total of 28 analysts have released a report on Helmerich & Payne. Four analysts rating the company a strong buy, six analysts rating the company a buy, fourteen analysts rating the company a hold, seven analysts rating the company a underperform, and finally one firm rating the stock a sell with a consensus target price of $58.04.

About Helmerich & Payne (NYSE:HP)

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.

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