Susquehanna raised the firm’s price target on Helmerich & Payne to $52 from $50 and keeps a Positive rating on the shares. The analyst previewed the upcoming earnings season and feels favorable crude prices support international, and particularly offshore, activity growth noting that in the U.S. the rig count and frac activity levels are ending the quarter closer to their high points, which suggests some momentum heading into 2Q.
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