Yahoo Finance Behind Analyst Forecasts for Helmerich & Payne after Fiscal 2Q16 Results
Helmerich & Payne Today: The Story behind Fiscal 2Q16
Consensus rating for Helmerich & Payne
After Helmerich & Payne’s (HP) fiscal 2Q16 results, approximately 31% of analysts tracking the company rated it a “buy” or some equivalent. About 47% rate the company a “hold” or equivalent, and only 22% of analysts recommend a “sell.” Notably, Helmerich & Payne makes up 1.5% of the iShares Select Dividend ETF (DVY).
By comparison, approximately 46% of analysts tracking FMC Technologies (FTI) rate it a “buy” or some equivalent, and approximately 51% rate it as a “hold.” Only 3% of analysts rate it as “sell.”
Analyst recommendations for HP
In individual recommendations, RBC Capital Markets, which is part of the Royal Bank of Canada, gave Helmerich & Payne a target price of $65 after the company’s fiscal 2Q16 earnings release. This is one of HP’s highest target prices. Helmerich & Payne currently trades near $63, and so RBC’s target implies a ~3% return for the next 12 months.
Jefferies, a global investment bank, gave HP a one-year target price of $40, one of HP’s lowest target prices. This implies a -37% return over the next year.
Among the large investment banks, Morgan Stanley (MS) gave Helmerich & Payne a one-year target price of $55. This implies a nearly -13% return at its current price over the next 12 months.
High, low, and median target prices for HP
Following the company’s fiscal 2Q16 financial results, the highest target price for HP is $67, and the lowest is $40. The median target price, surveyed among the sell-side analysts, for HP, is ~$57. HP is currently trading at ~$63, implying a ~9.5% downside at its median price.
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