Shares of Helmerich & Payne Inc. (HP) Rise to a New 52-Week High

2021-06-14

NYSE - New York Stock Exchange · Oil · Natural Gas · United States

Shares of Helmerich & Payne Inc. (NYSE:HP)traded today at $34.46, eclipsing its 52-week high. This new high was reached on below average trading volume as 823,000 shares traded hands, while the average 30-day volume is approximately 1.3 million shares.

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 presence internationally.

In the past 52 weeks, Helmerich & Payne Inc. share prices are bracketed by a low of $12.87 and a high of $34.46 and is now at $33.74, 162% above that low price.

Potential upside of 61.9% exists for Helmerich & Payne Inc., based on a current level of $33.74 and analysts' average consensus price target of $54.62.

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