Information Provided By: 
Fly News Breaks for September 30, 2019
HP
Sep 30, 2019 | 09:15 EDT
Citi analyst Scott Gruber downgraded Helmerich & Payne to Neutral from Buy and lowered his price target for the shares to $43 from $50. The analyst recently cut his 2020 U.S. rig count forecast, which now calls for a 5% year-over-year decline next year. Falling utilization across both super spec and standard rig classes likely weigh on pricing, Gruber tells investors in a research note. The analyst adds that despite the recent pullback in shares of land drillers, his estimates are now ~30% below consensus for 2020.
News For HP From the Last 2 Days
HP
Apr 24, 2024 | 16:24 EDT
HP
Apr 24, 2024 | 16:23 EDT
