Baker Hughes price target cut, H&P's raised at Cowen [Seeking Alpha]
Helmerich & Payne, Inc. (HP)
Last helmerich & payne, inc. earnings: 4/30 04:43 pm
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Source: Seeking Alpha
Baker Hughes price target cut, H&P's raised at CowenBaker Hughes' (BHGE+1.2%) stock price target is lowered to $50 from $60 by the analyst team at Cowen after sharply underperforming peers in the wake ofQ4 results that included negative revisions, lack of free cash flow and continued negative headlines from GE.But the firm says that while moving its estimates ~10% lower it continues to see attractive value that could be unlocked as BHGE begins to demonstrate stronger free cash flow.Meanwhile, Cowen raises its target for Helmerich & Payne (HP+0.1%) to $60 from $50 after the stock outperformed peers following astrong FQ1 beat, as the firm revises its 2018-20 estimates 18%-37% higher on stronger U.S. Land margins.Cowen believes HP's dividend can be sustained and continues to support the stock's rich valuation, but with a lower cash balance than in prior periods, HP could be less defensive in a commodity pullback.Source: Briefing.comClick to subscribe to real-time analytics on BHGENow rea
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News
- Helmerich & Payne (NYSE:HP) Is Looking To Continue Growing Its Returns On Capital [Yahoo! Finance]Yahoo! Finance
- Are You a Value Investor? Bet on These 3 Energy Stocks [Yahoo! Finance]Yahoo! Finance
- Why Helmerich & Payne (HP) Might be Well Poised for a Surge [Yahoo! Finance]Yahoo! Finance
- Land Drill Rigs Market Poised for Robust Growth with Revenue Surpassing $43.8 Billion by 2023 [Yahoo! Finance]Yahoo! Finance
- All You Need to Know About Helmerich & Payne (HP) Rating Upgrade to Buy [Yahoo! Finance]Yahoo! Finance
HP
Earnings
- 1/29/24 - Beat
HP
Sec Filings
- 3/4/24 - Form 4
- 3/1/24 - Form 4
- 3/1/24 - Form 4
- HP's page on the SEC website