From MarketBeat:

Helmerich & Payne saw a decrease in their target price by investment analysts at The Goldman Sachs Group, dropping from $37.00 to $33.00. Other analysts have also given the stock various ratings, with an average target price of $41.88 and the stock currently trading at $34.01.

Helmerich & Payne reported earnings of $0.69 per share for the quarter, below the projected $0.72. The company’s quarterly revenue was at $659.61 million, slightly lower than analysts’ estimates of $662.17 million. The company is expected to post $3.05 earnings per share for the fiscal year.

Several large investors have recently modified their holdings of Helmerich & Payne. Moody National Bank Trust Division, Ridgewood Investments LLC, and DMC Group LLC all boosted their stakes in the oil and gas company.

Founded in 1920, Helmerich & Payne is committed to delivering industry-leading levels of drilling productivity and reliability. It operates with the highest level of integrity, safety, and innovation to provide superior results for its customers and returns for shareholders.

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Read more: The Goldman Sachs Group Trims Helmerich & Payne (NYSE:HP) Target Price to $33.00