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Stock Market & Financial Investment News

News Breaks
January 7, 2014
07:57 EDTHPHelmerich & Payne downgraded to Market Perform from Outperform at Cowen
Cowen's survey indicates the oil and gas industry is expecting lower North American and international E&P spending and that consensus earnings to need to come down further. As a result, the firm downgraded Helmerich and lowered its price target to $86 from $89.
News For HP From The Last 14 Days
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February 10, 2016
07:00 EDTHPNabors Industries offers best value among Land Drillers, says Citi
After assessing a range of net asset values for Land Drillers based on a various recovery scenarios, Citi analyst Scott Gruber says Nabors Industries (NBR) offers the best value within the group. The stock presents upside of 200% in his bull case and 65% downside in his bear case. Gruber calls Halliburton (HAL) his top pick, however, saying frac "offers superior recovery potential" to land rigs. The analyst has Buy ratings on both names along with Patterson-UTI (PTEN). He has a Neutral rating on Helmerich & Payne (HP).
February 2, 2016
14:06 EDTHPState Farm Mutual Automobile reports 7.7% passive stake in Helmerich & Payne
07:18 EDTHPJefferies 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.

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