Helmerich & Payne (NYSE:HP) Sets New 52-Week High Following Analyst Upgrade

Helmerich & Payne (NYSE:HP) shares reached a new 52-week high after Barclays raised its price target from $47 to $50, maintaining an "overweight" rating. The stock traded as high as $41.88, significantly above its previous close of $37.10, despite analyst ratings being mixed with a consensus "Hold" and an average price target of $40.50. The company also announced a $0.25 quarterly dividend, leading to a 2.4% annual yield, and reported a quarterly EPS loss of $0.11 on $1.03 billion in revenue.