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Credit Suisse disclosed Helmerich & Payne (NYSE:HP), stepping up its target to $19.00 earlier today

Credit Suisse bumped up the target of Helmerich & Payne (NYSE:HP) to $19.00 stating a potential downside of -0.66%.

On 05/23/2017, Goldman Sachs released a statement on Helmerich & Payne (NYSE:HP) bumped down the target price from $63.00 to $45.00 that suggested a downside of -0.22%.

Boasting a price of $55.58, Helmerich & Payne (NYSE:HP) traded 1.94% higher on the day. With the last close up -2.75% from the two hundred day average, compared with the S&P 500 Index which has increased 0.01% over the date range. Helmerich & Payne has recorded a 50-day average of $48.12 and a two hundred day average of $54.43. Volume of trade was down over the average, with 1,225,443 shares of HP changing hands under the typical 1,979,930

See Chart Below

Helmerich & Payne (NYSE:HP)

Helmerich & Payne has a 52 week low of $42.16 and a 52 week high of $85.78 Helmerich & Payne’s market capitalization is currently $0.

In addition to Credit Suisse reporting its stock price target, a total of 28 brokerages have issued a ratings update on the company. The average stock price target is $58.04 with 4 brokerages rating the stock a strong buy, 6 brokerages rating the stock a buy, 14 brokerages rating the stock a hold, 7 brokerages rating the stock a underperform, and finally 1 brokerage rating the stock a sell.

Brief Synopsis On 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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