Goldman Sachs Maintains Sell Rating for Helmerich & Payne: Here's What You Need To Know

Goldman Sachs has decided to maintain its Sell rating of Helmerich & Payne HP and lower its price target from $37.00 to $33.00.

Shares of Helmerich & Payne are trading up 0.84% over the last 24 hours, at $33.69 per share.

A move to $33.00 would account for a 2.05% decrease from the current share price.

About Helmerich & Payne

Helmerich & Payne has the largest fleet of U.S. land drilling rigs. The company's FlexRig line is the leading choice to drill horizontal wells for production of U.S. tight oil and gas. H&P is present in nearly every major U.S. shale play and also has a small but growing presence internationally.

About Analyst Ratings

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.