Helmerich & Payne price target raised to $72 from $65 at Susquehanna

Susquehanna analyst Charles Minervino raised the firm’s price target on Helmerich & Payne to $72 from $65 and keeps a Positive rating on the shares. The analyst said while HP added about 40 working rigs in the North America Solutions segment over the past 12 months, we anticipate a more tempered pace of rig additions over the next 12 months as the cycle matures.