Helmerich & Payne, Inc. (HP) Rating Reiterated by BMO Capital Markets

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.

Analyst Recommendations for Helmerich & Payne (NYSE:HP)

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