JPMorgan lowered the firm’s price target on Helmerich & Payne to $17 from $25 and keeps a Neutral rating on the shares. The firm refreshed estimates for the SMid cap land and offshore drillers as well as frac levered oilfield services stocks to reflect lower oil prices.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HP:
- Citi downgrades Helmerich & Payne to Neutral on pricing risk
- Helmerich & Payne downgraded to Neutral from Buy at Citi
- Helmerich & Payne retains Eastdil Secured to explore Utica Square options
- Helmerich & Payne files automatic mixed securities shelf
- Helmerich & Payne Completes Acquisition of KCA Deutag