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HP

Helmerich & Payne

$40.51

-0.57 (-1.39%)

09:15
09/30/19
09/30
09:15
09/30/19
09:15

Helmerich & Payne downgraded to Neutral from Buy at Citi

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.

HP Helmerich & Payne
$40.51

-0.57 (-1.39%)

09/30/19
SBSH
09/30/19
DOWNGRADE
SBSH
Neutral
Helmerich & Payne downgraded to Neutral from Buy at Citi
09/26/19
LEHM
09/26/19
INITIATION
Target $3.5
LEHM
Overweight
Nabors Industries initiated with an Overweight at Barclays
Barclays analyst J. David Anderson started Nabors Industries (NBR) with an Overweight rating and $3.50 price target. While overshadowed by credit issues, Nabors has made "impressive" operational strides and closed the earnings gap with Patterson-UTI (PTEN) and Helmerich & Payne (HP), says the analyst. Further, the analyst sees reduced credit risk with $231M in free cash flow projected in 2020.
09/26/19
LEHM
09/26/19
INITIATION
Target $48
LEHM
Overweight
Helmerich & Payne initiated with an Overweight at Barclays
Barclays analyst J. David Anderson started Helmerich & Payne with an Overweight rating and $48 price target. The analyst views the company as the "premier player" in U.S. shale drilling. Given its lead in profitability, "pristine" balance sheet, and 7% dividend yield, Helmerich deserves a premium valuation, Anderson tells investors in a research note.
09/12/19
WELS
09/12/19
DOWNGRADE
WELS
Underperform
Wells Fargo downgrades Land Drillers sector to Underweight, cuts three stocks
As previously reported, Wells Fargo analyst Christopher Voie downgraded Helmerich & Payne (HP) and Nabors Industries (NBR), both to Underperform from Outperform, and downgraded Patterson-UTI (PTEN) to Underperform from Market Perform. He also lowered his view on the Land Drillers sector to Underweight, citing falling leading-edge dayrates, limited contract coverage, and expectations for a weaker contracting environment in 2020-2021. His revised 2020 EBITDA estimates for the group are 13%-21% below consensus, noted Voie, who lowered his price target on Helmerich & Payne shares to $30 from $55, cut his price target on Nabors to $2 from $3.50 and reduced his Patterson-UTI target to $7.50 from $11.50.

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CRM

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NIO

NIO Inc.

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GOLD

Barrick Gold

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$16.57

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Esperion

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XRX

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BA

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AZN

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LLY

Eli Lilly

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