Helmerich & Payne price target raised to $68 from $51 at Stephens Stephens increased its price target on Helmerich & Payne after the company reported stronger than expected Q1 results. The firm maintains an Equal Weight rating on the shares.
Jefferies sees relative value in Nabors Industries Jefferies analyst Brad Handler believes shares of Nabors Industries (NBR) can outperform Patterson-UTI (PTEN) over the near term and Helmerich & Payne (HP) over the longer term. His analysis suggests Nabors likely avoids covenant breach and has adequate liquidity to weather the downturn. Handler keeps a Hold rating on Nabors, however, with a reduced price target of $7.