The stock of Helmerich & Payne, Inc. (NYSE:HP) is a huge mover today! About 2.60 million shares traded hands or 43.65% up from the average. Helmerich & Payne, Inc. (NYSE:HP) has risen 4.03% since April 27, 2016 and is uptrending. It has underperformed by 1.19% the S&P500.
The move comes after 8 months positive chart setup for the $7.95 billion company. It was reported on Nov, 30 by Barchart.com. We have $81.14 PT which if reached, will make NYSE:HP worth $715.50 million more.
Analysts await Helmerich & Payne, Inc. (NYSE:HP) to report earnings on January, 26. They expect $-0.39 earnings per share, down 880.00% or $0.44 from last year’s $0.05 per share. After $-0.33 actual earnings per share reported by Helmerich & Payne, Inc. for the previous quarter, Wall Street now forecasts 18.18% negative EPS growth.
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. The firm has “Sector Perform” rating given on Monday, April 4 by iBERIA Capital Partners. The stock of Helmerich & Payne, Inc. (NYSE:HP) has “Underweight” rating given on Monday, July 11 by Jefferies. The stock has “Neutral” rating given by Citigroup on Friday, December 11. FBR Capital maintained Helmerich & Payne, Inc. (NYSE:HP) rating on Friday, January 29. FBR Capital has “Outperform” rating and $66 price target. The stock of Helmerich & Payne, Inc. (NYSE:HP) has “Buy” rating given on Thursday, September 15 by Argus Research. As per Monday, March 7, the company rating was downgraded by Stephens. The stock of Helmerich & Payne, Inc. (NYSE:HP) earned “Hold” rating by Evercore on Monday, November 16. The firm has “Neutral” rating given on Wednesday, October 5 by Citigroup. The company was maintained on Friday, July 31 by Howard Weil. As per Monday, June 13, the company rating was initiated by Bank of America.
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 increased to 1.25 in Q2 2016. Its up 0.12, from 1.13 in 2016Q1. The ratio increased, 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 United Kingdom-based Blackrock Limited has invested 0.04% in Helmerich & Payne, Inc. (NYSE:HP). Eqis Cap Mgmt Incorporated accumulated 7,082 shares or 0.03% of the stock. Ct Mason last reported 94,876 shares in the company. Conning Inc holds 0.01% or 3,298 shares in its portfolio. Ing Groep Nv accumulated 0.01% or 7,112 shares. Stephens Ar owns 12,719 shares or 0.04% of their US portfolio. Mycio Wealth Limited Company, a Pennsylvania-based fund reported 21 shares. Blackrock Inv Mgmt has 454,647 shares for 0.04% of their US portfolio. The New York-based State Common Retirement Fund has invested 0.04% in Helmerich & Payne, Inc. (NYSE:HP). Panagora Asset Inc accumulated 36,389 shares or 0.01% of the stock. Airain Ltd accumulated 0.16% or 40,559 shares. Burney Co has 0.04% invested in the company for 9,209 shares. Anderson Hoagland & Co holds 0.22% or 5,340 shares in its portfolio. Arvest Bank Trust Division accumulated 1.12% or 193,381 shares. Deprince Race And Zollo Incorporated, a Florida-based fund reported 504,570 shares.
Insider Transactions: Since June 9, 2016, the stock had 0 buys, and 3 insider sales for $2.89 million net activity. LINDSAY JOHN W sold $1.01M worth of stock. On Friday, September 30 the insider Bell John R. sold $597,119.
Another recent and important Helmerich & Payne, Inc. (NYSE:HP) news was published by Globenewswire.com which published an article titled: “Helmerich & Payne, Inc. Announces Fiscal Year-End Results” on November 17, 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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