Fintel reports that on August 9, 2023, Goldman Sachs maintained coverage of Helmerich & Payne (NYSE:HP) with a Sell recommendation.
Analyst Price Forecast Suggests 10.44% Upside
As of August 2, 2023, the average one-year price target for Helmerich & Payne is 47.70. The forecasts range from a low of 33.33 to a high of $65.10. The average price target represents an increase of 10.44% from its latest reported closing price of 43.19.
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The projected annual revenue for Helmerich & Payne is 3,112MM, an increase of 9.42%. The projected annual non-GAAP EPS is 4.48.
What is the Fund Sentiment?
There are 783 funds or institutions reporting positions in Helmerich & Payne. This is a decrease of 37 owner(s) or 4.51% in the last quarter. Average portfolio weight of all funds dedicated to HP is 0.21%, a decrease of 31.72%. Total shares owned by institutions decreased in the last three months by 1.09% to 117,050K shares. The put/call ratio of HP is 0.99, indicating a bullish outlook.
What are Other Shareholders Doing?
State Farm Mutual Automobile Insurance holds 8,257K shares representing 8.30% ownership of the company. No change in the last quarter.
IJR – iShares Core S&P Small-Cap ETF holds 7,612K shares representing 7.66% ownership of the company. In it’s prior filing, the firm reported owning 7,802K shares, representing a decrease of 2.50%. The firm decreased its portfolio allocation in HP by 31.63% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 2,932K shares representing 2.95% ownership of the company. In it’s prior filing, the firm reported owning 2,878K shares, representing an increase of 1.85%. The firm decreased its portfolio allocation in HP by 32.15% over the last quarter.
Earnest Partners holds 2,816K shares representing 2.83% ownership of the company. In it’s prior filing, the firm reported owning 556K shares, representing an increase of 80.25%. The firm increased its portfolio allocation in HP by 385.26% over the last quarter.
Alliancebernstein holds 2,706K shares representing 2.72% ownership of the company. In it’s prior filing, the firm reported owning 5,395K shares, representing a decrease of 99.40%. The firm decreased its portfolio allocation in HP by 65.57% over the last quarter.
Helmerich & Payne Background Information
(This description is provided by the company.)
Founded in 1920, Helmerich & Payne, Inc. is committed to delivering industry leading drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for its customers and returns for shareholders. Through its subsidiaries, the Company designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world. H&P also develops and implements advanced automation, directional drilling and survey management technologies.
This article originally appeared on Fintel
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