Helmerich Payne (HP) Posts Q1 GAAP EPS of $1.37

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UPDATE: Goldman Sachs Upgrades Helmerich & Payne (HP) to Buy

April 27, 2015 6:45 AM EDT

(Updated - April 27, 2015 10:12 AM EDT)

Goldman Sachs upgraded Helmerich & Payne (NYSE: HP) from Neutral to Buy with a price target of $85.00 (from $51.00). Analyst Waqar Syed noted its high exposure to increased demand for high-spec US land rigs in 2016.

"HP has the largest inventory of... More