Analysts Say Helmerich & Payne (HP) Share Gain, Cost Controls to Drive Valuation
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Price: $42.32 +2.64%
Rating Summary:
16 Buy, 17 Hold, 6 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
Rating Summary:
16 Buy, 17 Hold, 6 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
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Jefferies reiterated a Buy rating on Helmerich & Payne (NYSE: HP) and raised its price target to $59.00 (from $55.00).
Commenting on Helmerich and Payne’' Q4 results, analyst Brad Handler said "HP delivered a solid 4QFY12 beat on U.S. onshore cost control and sequential dayrate improvement as older Flex 3 contracts roll to higher rates. Cost control success suggests there is conservatism in our new higher FY2013 EPS of $5.30 (from $4.60)."
Handler expects multiple expansion as HP gains market share, while keeping a lid on costs.
For an analyst ratings summary and ratings history on Helmerich & Payne click here. For more ratings news on Helmerich & Payne click here.
Shares of Helmerich & Payne closed at $49.92 yesterday.
Commenting on Helmerich and Payne’' Q4 results, analyst Brad Handler said "HP delivered a solid 4QFY12 beat on U.S. onshore cost control and sequential dayrate improvement as older Flex 3 contracts roll to higher rates. Cost control success suggests there is conservatism in our new higher FY2013 EPS of $5.30 (from $4.60)."
Handler expects multiple expansion as HP gains market share, while keeping a lid on costs.
For an analyst ratings summary and ratings history on Helmerich & Payne click here. For more ratings news on Helmerich & Payne click here.
Shares of Helmerich & Payne closed at $49.92 yesterday.
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