RBC Capital analyst Keith Mackey raised the firm’s price target on Helmerich & Payne to $29 from $27 and keeps a Sector Perform rating on the shares. The company’s Q4 EBITDA was slightly ahead of the Street, while its announcement of re-activations in Saudi Arabia provide visibility to improved financial performance, with potential cash flow inflection towards the second half of FY26, the analyst tells investors in a research note.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HP:
- Helmerich & Payne price target raised to $29 from $25 at Barclays
- Helmerich & Payne’s Earnings Call: Expansion and Challenges
- Helmerich & Payne price target raised to $27 from $20 at Evercore ISI
- Helmerich & Payne price target raised to $31 from $26 at Susquehanna
- Helmerich & Payne Reports Q4 Loss, Plans Rig Reactivations