tiprankstipranks
Trending News
More News >

Helmerich & Payne resumed with an Underweight at Morgan Stanley

Morgan Stanley resumed coverage of Helmerich & Payne with an Underweight rating and $27 price target The firm contends that the market may be underappreciating the depth and duration of conventional land drilling market activity pressure in Saudi Arabia, which is now H&P’s biggest market outside of the U.S. However, recently launched Middle East unconventional drilling campaigns may offer less upside than the firm had previously thought and U.S. land drilling activity and pricing/margin upside may be more limited than consensus expectations, the analyst tells investors.

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue