Morgan Stanley Lifts Price Target on Helmerich & Payne (HP), Keeps Equal Weight Rating
On Wednesday, May 21, Morgan Stanley increased its price target for Helmerich & Payne, Inc. (NYSE:HP) from $25 to $29 but kept an 'Equal-Weight' rating.
The firm's analysts changed their estimates for the company's revenue and EPS for the fiscal years 2025 and 2026. Morgan Stanley now expects an increase of 3-11% compared to its previous model.
An offshore drilling rig in the Gulf of Mexico surrounded by a sea of blue.
The analysts also noted that revenue projections for the April and July quarters have improved because of a pull-forward effect as some business was moved forward.
Helmerich & Payne, Inc. (NYSE:HP) is an American company that specializes in oil and gas well drilling and related services for exploration and production companies. The company designs and operates high-performance drilling rigs in conventional and unconventional plays worldwide. Additionally, Helmerich & Payne, Inc. (NYSE:HP) develops advanced automation, directional drilling, and survey management technologies.
While we acknowledge the potential of HP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HP and that has a 100x upside potential, check out our report about the cheapest AI stock.
READ NEXT: 11 Stocks That Will Bounce Back According To Analysts and 11 Best Stocks Under $15 to Buy According to Hedge Funds.
Disclosure: None.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
30 minutes ago
- Yahoo
Jim Cramer Highlights That Dollar Tree (DLTR) Has 'More Trouble With the Tariffs'
We recently published a list of . In this article, we are going to take a look at where Dollar Tree, Inc. (NASDAQ:DLTR) stands against other stocks that Jim Cramer discusses. Discussing the impact of tariffs on Dollar Tree, Inc. (NASDAQ:DLTR), Cramer stated: 'Discount retailers tend to do better when the consumers' feeling stretched thin, and you know the consumer's feeling that way. But Dollar General and Dollar Tree have behaved very differently after reporting earnings over the past couple days… Then today, Dollar Tree reported what I also thought was a pretty good quarter, but its stock got eviscerated, down 8%. What explains the disparity here?… The difference between these two comes down to what they had to say about their ability to control costs and offset the impact of, you bet, go ahead, the president's tariffs… A shopper browsing through a discount retailers merchandise aisle filled with a wide variety of items. Dollar Tree (NASDAQ:DLTR) runs discount retail stores that carry a wide variety of products. The selection includes consumables, home essentials, seasonal items, apparel, and electronics. Overall, DLTR ranks 8th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of DLTR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
32 minutes ago
- Yahoo
Trump cancels $87 million grant for planned low-carbon cement plant in Holyoke
HOLYOKE — President Donald Trump's administration recently canceled an $87 million grant issued to Sublime Systems, whose low-carbon cement manufacturing plant is scheduled to open in Holyoke in 2027. Sublime has technology developed at the Massachusetts Institute of Technology to make cement using electricity, a process designed to cut down the amount of carbon released by a traditionally emission-heavy process. It planned to employ 70 to 90 people with production expected to begin in 2027 or 2028. It already secured and cleared a 16-acre site in Holyoke's industrial flats area. Sublime chose the area, in part, because of Holyoke's hydropower, which is a successor to the 19th century turbines that made Holyoke famous as the 'Paper City.' Sublime is still seeking financing despite the loss of federal money. 'All our meetings with the Sublime team indicate this project is moving forward,' said Aaron Vega, head of planning and economic development for Holyoke. 'We do not yet have site plans submitted for review, but the city has had pre-application meetings with their design team and are working through the issues and opportunities at their location.' U.S. Rep. Richard E. Neal, D-Springfield, said the Trump administration terminated $3.7 billion in grants issued by the U.S. Department of Energy's Office of Clean Energy. That includes the Holyoke grant. 'The Trump Administration's decision to kill critical clean energy projects is deeply irresponsible and is a betrayal of American innovation, workers, and the fight against climate change,' Neal said in a statement Monday. 'Scrapping funding for projects for innovators like Sublime Systems in Holyoke undercuts years of progress in decarbonizing heavy industry, and it jeopardizes good-paying jobs and economic development in communities that need it most.' The funding came through the Inflation Reduction Act, which was written in the House Ways and Means Committee that Neal chaired at the time. 'I can say unequivocally that this was not the intention of the bill; it was designed to accelerate the clean energy transition through innovation, not stall it,' Neal said. 'This isn't just about climate — it's about global competitiveness and leadership. Calling the move to shortsighted, Neal's statement called on the Trump administration to reinstate the grant. Sublime already had a deal to sell 623,000 tons of cement products to Microsoft over six to nine years. Previously, Neal said he expected the climate provisions of the Inflation Reduction Act to survive because many of the projects are in Republican-leaning southern states where GOP congress members would fight for them. In January, Joe Hicken, Sublime's vice president of business development and policy, said he would be surprised if the incoming adminstration canceled the 'investments in clean American manufacturing,' because the United States imports millions of tons of cement. Springfield Pride headliner Dawn Richard told 'Diddy' jurors of threats, violence, abuse Breeze Airways adds new flights from Bradley to NC Western New England University names interim president Read the original article on MassLive.
Yahoo
32 minutes ago
- Yahoo
Sedalia announces end of Hot Air Balloon and Kite Festival
KANSAS CITY, Mo. — The Sedalia Chamber of Commerce made an unexpected announcement Friday, confirming the end of a popular event that attracted visitors from all over the state. According to a , the city will no longer be hosting the Hot Air Balloon and Kite Festival, which has been held in June for the past two years. 'World's Largest Rubber Duck' coming to Missouri State Fair 'We are so incredibly thankful for the generous support from our sponsors and the amazing community turnout over the past two years for the Hot Air Balloon and Kite Festival. It has been such a joy to see our community come together and make lasting memories at this special event,' the chamber of commerce said. The post said the event was canceled due to staffing limitations and a lack of resources. 'This was not an easy decision, and we truly appreciate your understanding and continued support and we focus on other ways to serve and celebrate our community,' the chamber said on Facebook. Despite this popular event ending, the city has a number of other events planned throughout the year. . Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
