Headlines about Helmerich & Payne (NYSE:HP) have trended positive recently, according to AlphaOne Sentiment. AlphaOne, a service of Accern, scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Helmerich & Payne earned a news impact score of 0.28 on AlphaOne’s scale. AlphaOne also assigned media stories about the oil and gas company an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an effect on the company’s share price in the next few days.
These are some of the media stories that may have impacted AlphaOne’s scoring:
- Volume Moving the Tape For Helmerich and Payne Inc (HP) – The Times (tuckermantimes.com)
- EBITDA Yield & Technical Update on Helmerich & Payne, Inc. (NYSE:HP) – Lenox Ledger (lenoxledger.com)
- HELMERICH & PAYNE, INC. : ex-dividend day (4-traders.com)
- Helmerich & Payne, Inc. (HP) Ex-Dividend Date Scheduled for May 17, 2017 – Nasdaq (nasdaq.com)
- Helmerich & Payne, Inc. (HP) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
Several equities research analysts have recently issued reports on the company. Jefferies Group LLC set a $55.00 target price on Helmerich & Payne and gave the company a “sell” rating in a research report on Monday, April 24th. Credit Suisse Group AG reiterated a “hold” rating and set a $63.00 price target on shares of Helmerich & Payne in a research note on Tuesday, May 2nd. Iberia Capital upgraded Helmerich & Payne from a “sector perform” rating to an “outperform” rating and set a $74.00 price target for the company in a research note on Thursday, May 4th. Zacks Investment Research upgraded Helmerich & Payne from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Monday, April 3rd. Finally, Citigroup Inc reiterated a “neutral” rating and set a $73.00 price target (down previously from $83.00) on shares of Helmerich & Payne in a research note on Saturday, March 11th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $70.10.
Shares of Helmerich & Payne (NYSE:HP) opened at 60.04 on Friday. Helmerich & Payne has a 12 month low of $55.98 and a 12 month high of $85.78. The stock’s 50 day moving average price is $62.89 and its 200-day moving average price is $69.66. The company’s market cap is $6.52 billion.
Helmerich & Payne (NYSE:HP) last posted its quarterly earnings data on Thursday, April 27th. The oil and gas company reported ($0.47) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.40) by $0.07. Helmerich & Payne had a negative return on equity of 3.34% and a negative net margin of 7.17%. The firm had revenue of $405.30 million for the quarter, compared to analysts’ expectations of $386.83 million. During the same quarter last year, the firm posted $0.19 earnings per share. Helmerich & Payne’s quarterly revenue was down 7.5% on a year-over-year basis. Equities research analysts expect that Helmerich & Payne will post ($1.34) earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Friday, May 19th will be paid a dividend of $0.70 per share. The ex-dividend date is Wednesday, May 17th. This represents a $2.80 annualized dividend and a yield of 4.91%. Helmerich & Payne’s dividend payout ratio (DPR) is currently -274.51%.
In other news, Director Thomas A. Petrie acquired 1,990 shares of the business’s stock in a transaction on Friday, March 10th. The stock was bought at an average cost of $67.17 per share, for a total transaction of $133,668.30. Following the purchase, the director now owns 8,583 shares in the company, valued at $576,520.11. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.23% of the stock is currently owned by insiders.
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About Helmerich & Payne
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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