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Helmerich Payne (HP) Posts Q4 Loss of 68c/Share

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UBS Raises Price Target on Helmerich Payne (HP) Following EPS Beat

November 18, 2016 9:10 AM EST

UBS reiterated a Buy rating on Helmerich & Payne (NYSE: HP), and raised the price target to $75.00 (from $72.00), following the company's 4Q earnings report. HP reported adjusted EPS of ($0.32), ahead of the consensus estimates of ($0.41).

Analyst Angie Sedita commented, "The land drilling market continues to see... More