Helmerich & Payne, Inc. (NYSE:HP)‘s stock had its “sell” rating reiterated by stock analysts at BMO Capital Markets in a research note issued to investors on Friday.
Other analysts have also recently issued research reports about the company. Seaport Global Securities reiterated a “sell” rating on shares of Helmerich & Payne in a research report on Thursday, July 20th. Royal Bank Of Canada set a $80.00 price objective on Helmerich & Payne and gave the stock a “hold” rating in a research report on Saturday, July 1st. Zacks Investment Research upgraded Helmerich & Payne from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Vetr upgraded Helmerich & Payne from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Monday, July 10th. Finally, Cowen and Company reiterated a “hold” rating and set a $50.00 price objective on shares of Helmerich & Payne in a research report on Friday, August 11th. Nine research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $54.27.
Helmerich & Payne (NYSE:HP) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.25) EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.05. The firm had revenue of $498.60 million during the quarter, compared to analysts’ expectations of $452.42 million. Helmerich & Payne had a negative return on equity of 3.37% and a negative net margin of 11.19%. The firm’s quarterly revenue was up 36.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.20) EPS.
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In other Helmerich & Payne news, CEO John W. Lindsay acquired 5,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were bought at an average cost of $47.73 per share, for a total transaction of $238,650.00. Following the acquisition, the chief executive officer now directly owns 147,727 shares of the company’s stock, valued at $7,051,009.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.90% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the business. Ffcm LLC increased its holdings in Helmerich & Payne by 409.2% during the 2nd quarter. Ffcm LLC now owns 2,872 shares of the oil and gas company’s stock worth $160,000 after purchasing an additional 2,308 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Helmerich & Payne during the 1st quarter worth approximately $172,000. AlphaMark Advisors LLC increased its holdings in Helmerich & Payne by 3.1% during the 2nd quarter. AlphaMark Advisors LLC now owns 3,326 shares of the oil and gas company’s stock worth $181,000 after purchasing an additional 101 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in Helmerich & Payne during the 1st quarter worth approximately $209,000. Finally, Murphy Capital Management Inc. increased its holdings in Helmerich & Payne by 2.6% during the 2nd quarter. Murphy Capital Management Inc. now owns 4,000 shares of the oil and gas company’s stock worth $217,000 after purchasing an additional 100 shares during the last quarter.
Helmerich & Payne Company Profile
Helmerich & Payne, Inc is engaged in contract drilling of oil and gas wells for others. The Company operates in the contract drilling industry. The Company’s contract drilling business consists of three segments: U.S. Land, Offshore and International Land. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology.
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