BofA analyst Saurabh Pant lowered the firm’s price target on Helmerich & Payne to $42.50 from $45 and keeps a Buy rating on the shares. The firm is updating 12 Oilfield Services models for Q1 earnings and 10-Q filings and making price target adjustments for five of the stocks in the group.
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Read More on HP:
- Helmerich & Payne price target lowered to $39 from $44 at Piper Sandler
- Helmerich & Payne sees FY24 gross CapEx roughly $500M
- Helmerich & Payne sees Q3 North America Solutions direct margins $255M-$275M
- Helmerich & Payne reports Q2 EPS 84c, consensus 85c
- Helmerich & Payne (HP) Q2 Earnings Cheat Sheet