The stock of Helmerich & Payne, Inc. (NYSE:HP) is a huge mover today! About 1.01M shares traded hands. Helmerich & Payne, Inc. (NYSE:HP) has risen 6.05% since April 13, 2016 and is uptrending. It has outperformed by 2.13% the S&P500.
The move comes after 9 months positive chart setup for the $7.33 billion company. It was reported on Nov, 15 by Barchart.com. We have $100.47 PT which if reached, will make NYSE:HP worth $3.81B more.
Helmerich & Payne, Inc. (NYSE:HP) Ratings Coverage
Out of 25 analysts covering Helmerich & Payne (NYSE:HP), 8 rate it a “Buy”, 4 “Sell”, while 13 “Hold”. This means 32% are positive. Helmerich & Payne has been the topic of 66 analyst reports since August 3, 2015 according to StockzIntelligence Inc. BMO Capital Markets downgraded it to “Underperform” rating and $48.0 target price in Friday, September 4 report. As per Friday, August 14, the company rating was maintained by Citigroup. Jefferies downgraded Helmerich & Payne, Inc. (NYSE:HP) rating on Friday, September 11. Jefferies has “Underperform” rating and $40 price target. The stock of Helmerich & Payne, Inc. (NYSE:HP) has “Market Perform” rating given on Tuesday, May 3 by Cowen & Co. RBC Capital Markets downgraded the shares of HP in a report on Friday, September 18 to “Sector Perform” rating. UBS maintained it with “Buy” rating and $70 target price in Tuesday, September 15 report. Stephens downgraded the shares of HP in a report on Monday, March 7 to “Equal-Weight” rating. The firm earned “Sector Perform” rating on Tuesday, December 15 by Iberia Capital Partners. The rating was maintained by FBR Capital on Monday, September 21 with “Outperform”. The stock has “Neutral” rating given by Citigroup on Friday, March 18.
According to Zacks Investment Research, “Helmerich & Payne, Inc. is primarily engaged in the exploration, production, and sale of crude oil and natural gas and in contract drilling of oil and gas wells for others. These activities account for the major portion of its operating revenues. The company is also engaged in the ownership, development, and operation of commercial real estate.”
Insitutional Activity: The institutional sentiment decreased to 1.13 in Q2 2016. Its down 0.09, from 1.22 in 2016Q1. The ratio is negative, as 54 funds sold all Helmerich & Payne, Inc. shares owned while 146 reduced positions. 65 funds bought stakes while 161 increased positions. They now own 114.29 million shares or 3.86% less from 118.88 million shares in 2016Q1.
The California-based Blume Capital Mngmt Inc has invested 0.02% in Helmerich & Payne, Inc. (NYSE:HP). Ww Asset Mngmt last reported 10,866 shares in the company. Cornerstone Cap Limited Liability Company has 0.01% invested in the company for 23,096 shares. Amer Rech & Mgmt Communications holds 0.27% or 10,315 shares in its portfolio. Tarbox Grp has 0% invested in the company for 84 shares. Walleye Trading Limited Liability Corporation has 12,826 shares for 0.01% of their US portfolio. Johnson Fincl Group Incorporated accumulated 13,833 shares or 0.13% of the stock. Us Bancshares De has invested 0.03% of its portfolio in Helmerich & Payne, Inc. (NYSE:HP). Aqr Mgmt Lc, a Connecticut-based fund reported 490,418 shares. Moreover, Finance Svcs Corporation has 0.01% invested in Helmerich & Payne, Inc. (NYSE:HP) for 374 shares. Advisors Asset Mngmt Inc last reported 0.11% of its portfolio in the stock. The Georgia-based Synovus Financial Corp has invested 0.01% in Helmerich & Payne, Inc. (NYSE:HP). Renaissance Technology Limited Liability last reported 0% of its portfolio in the stock. State Treasurer State Of Michigan holds 0.02% of its portfolio in Helmerich & Payne, Inc. (NYSE:HP) for 37,580 shares. Mraz Amerine, a California-based fund reported 12,000 shares.
Insider Transactions: Since June 9, 2016, the stock had 0 insider purchases, and 3 selling transactions for $2.89 million net activity. LINDSAY JOHN W also sold $1.01 million worth of Helmerich & Payne, Inc. (NYSE:HP) shares. Bell John R. sold $597,119 worth of Helmerich & Payne, Inc. (NYSE:HP) on Friday, September 30.
Another recent and important Helmerich & Payne, Inc. (NYSE:HP) news was published by Nasdaq.com which published an article titled: “Helmerich & Payne, Inc. (HP) Ex-Dividend Date Scheduled for November 08, 2016” on November 07, 2016.
HP Company Profile
Helmerich & Payne, Inc., incorporated on February 29, 1944, is engaged in contract drilling of gas and oil wells for others. The Firm operates in the contract drilling industry. The Company’s contract drilling business consists of three divisions: U.S. Land, Offshore and International Land. The Firm is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology. The Company’s real estate investments are located within Tulsa, Oklahoma, and include a shopping center containing approximately 441,000 leasable square feet, multi-tenant industrial warehouse properties containing approximately one million leasable square feet and approximately 210 acres of undeveloped real estate. The Company’s subsidiaries include Helmerich & Payne International Drilling Co. and Helmerich & Payne de Venezuela, C.A.
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