Fintel reports that on July 18, 2023, Citigroup maintained coverage of Helmerich & Payne (NYSE:HP) with a Neutral recommendation.
Analyst Price Forecast Suggests 19.97% Upside
As of July 6, 2023, the average one-year price target for Helmerich & Payne is 47.30. The forecasts range from a low of 33.33 to a high of $68.25. The average price target represents an increase of 19.97% from its latest reported closing price of 39.43.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Helmerich & Payne is 3,112MM, an increase of 16.54%. The projected annual non-GAAP EPS is 4.48.
What is the Fund Sentiment?
There are 801 funds or institutions reporting positions in Helmerich & Payne. This is a decrease of 19 owner(s) or 2.32% in the last quarter. Average portfolio weight of all funds dedicated to HP is 0.22%, a decrease of 31.01%. Total shares owned by institutions decreased in the last three months by 2.37% to 115,649K shares. 
The put/call ratio of HP is 0.54, indicating a bullish outlook.
What are Other Shareholders Doing?
State Farm Mutual Automobile Insurance holds 8,257K shares representing 8.05% ownership of the company. No change in the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 7,612K shares representing 7.42% 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 2.86% 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.
Alliancebernstein holds 2,706K shares representing 2.64% 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.
OIH - VanEck Vectors Oil Services ETF holds 2,569K shares representing 2.50% ownership of the company. In it's prior filing, the firm reported owning 2,319K shares, representing an increase of 9.72%. The firm decreased its portfolio allocation in HP by 15.45% 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.
Additional reading:
- Helmerich & Payne, Inc. Announces the Appointment of New Director
- HELMERICH & PAYNE, INC. ANNOUNCES FISCAL SECOND QUARTER RESULTS
- Amended and Restated By-Laws of Helmerich & Payne, Inc.
- HELMERICH & PAYNE, INC. ANNOUNCES FISCAL FIRST QUARTER RESULTS
- Form of Annual Three-Year Performance-Vested Restricted Share Unit Award Agreement for the Helmerich & Payne, Inc. Amended and Restated 2020 Omnibus Incentive Plan.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
