Citi lowered the firm’s price target on Helmerich & Payne to $25 from $32 and keeps a Buy rating on the shares. The firm updated models for a collection of Smid-cap oil and gas equipment and services stocks to incorporate updated rig count forecasts and recent earnings.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HP:
- Helmerich & Payne’s Earnings Call: Mixed Sentiments and Strategic Moves
- Helmerich & Payne price target lowered to $26 from $28 at TD Cowen
- Helmerich & Payne price target lowered to $25 from $29 at RBC Capital
- Helmerich & Payne Reports Q2 Results, Eyes Growth
- Helmerich & Payne reports Q2 adjusted EBITDA $242M