Helmerich & Payne, Inc. Announces Second Quarter Results
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UBS Remains Bullish on Helmerich Payne (HP); Expects US Land Drilling to Remain Weak
May 3, 2016 9:05 AM EDTUBS reiterated a Buy rating on Helmerich & Payne (NYSE: HP), and raised the price target to $72.00 (from $63.00), following the company's 2Q. UBS expects that US land drilling conditions will remain weak for 2016, as long as oil stays below $50/bbl. However, if prices raise, rigs could slowly return to work by late-2016.
Analyst Angie Sedita... More
Helmerich Payne (HP) Posts Q2 Profit as Revenue Fall 51%
May 2, 2016 6:38 AM EDTHelmerich Payne (NYSE: HP) reported Q2 EPS of $0.19, which may not compare with the analyst estimate of ($0.18). Revenue for the quarter came in at $438 million versus the consensus estimate of $398.26 million and $886 million last year.
President and CEO John Lindsay commented, These are demanding times in the energy service space, and the challenge for many is now one of survival. The U.S. land rig... More
