Helmerich Payne (HP) Tops Q1 EPS by 3c

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Go back to Helmerich Payne (HP) Tops Q1 EPS by 3c

Helmerich & Payne (HP) PT Lowered to $55 at Jefferies; Reiterates Underperform

January 27, 2017 9:40 AM EST

Jefferies lowered its price target on Helmerich & Payne (NYSE: HP) to $55.00 (from $60.00) while maintaining a Underperform rating.

Analyst Brad Handler commented, "Our long-term concerns on HP (and US Land Drillers) are reinforced as (1) HP's 217 Flex 3s remain competitive, suggesting the industry may... More