Duncan-Williams Reiterates Reduce Rating On Helmerich & Payne (HP)

Duncan-Williams reiterates its Reduce rating on Helmerich & Payne (NYSE: HP) in a research report published today.

Helmerich & Payne reported worse than expected Q1 earnings results. Its earnings per share stood at $0.93, below consensus estimate of $0.96 and Duncan-Williams' forecast of $0.99 per share. In spite of this setback, Duncan-Williams said in the report: "We are maintaining our REDUCE rating at the present time and recommend investors look for a lower entry point."

Helmerich & Payne's shares are currently trading at $64.99, down 0.09% on yesterday's closing value of $65.05.