April 15, 2016

JPMorgan Chase & Co. Downgraded Helmerich & Payne, Inc. (HP)


Helmerich & Payne, Inc. (NYSE:HP) was downgraded by equities research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research note issued to investors on Friday, The Fly reports.

A number of other equities research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Helmerich & Payne from a “hold” rating to a “sell” rating in a report on Monday, January 18th. Macquarie downgraded shares of Helmerich & Payne from a “neutral” rating to an “underperform” rating in a report on Friday, January 8th. Jefferies Group lowered their price target on shares of Helmerich & Payne from $41.00 to $40.00 and set an “underweight” rating for the company in a report on Tuesday, February 2nd. Stephens lowered their price target on shares of Helmerich & Payne from $64.00 to $51.00 in a report on Thursday, January 21st. Finally, Scotiabank reiterated a “sector outperform” rating and set a $60.00 price target (down from $65.00) on shares of Helmerich & Payne in a report on Saturday, January 30th. Seven analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $58.41.


Source: American Banking and Market News