Barclays analyst Eddie Kim lowered the firm’s price target on Helmerich & Payne to $36 from $39 and keeps an Equal Weight rating on the shares. The firm says the company’s fiscal Q4 results outperformed the market in North America though management’s expectation of a 2025 rig count flattish versus current levels “was somewhat disappointing.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HP:
- Helmerich & Payne price target lowered to $41 from $44 at RBC Capital
- Helmerich & Payne’s Acquisition Challenges: Navigating the Risks of Integrating KCA Deutag
- Helmerich & Payne Reports Solid Fiscal 2024 Results
- Helmerich & Payne price target lowered to $48 from $50 at Evercore ISI
- Helmerich & Payne reports Q4 EPS 76c, consensus 81c