Media stories about Helmerich & Payne (NYSE:HP) have been trending somewhat positive on Tuesday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Helmerich & Payne earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned press coverage about the oil and gas company an impact score of 46.288450485877 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Energy and Oil Services Remain Top 2018 Sector Pick: 5 Land Drillers to Buy Now (247wallst.com)
- Helmerich & Payne (HP) Shares Cross Below 200 DMA (nasdaq.com)
- Not material that Hexagon CEO knew of Next Biometrics deal, court told (finance.yahoo.com)
- Sector Investor’s Alert -: Otonomy, Inc. (NASDAQ:OTIC), Dollar General Corporation (NYSE:DG), Financial Engines, Inc … – The Stock Street (press release) (thestreetpoint.com)
- Helmerich & Payne Becomes #6 Most Shorted S&P 500 Component, Replacing Garmin (marketnewsvideo.com)
Shares of Helmerich & Payne (NYSE:HP) traded down $1.77 during trading on Tuesday, hitting $56.38. The company’s stock had a trading volume of 1,451,000 shares, compared to its average volume of 1,865,500. Helmerich & Payne has a fifty-two week low of $42.16 and a fifty-two week high of $85.78. The company has a quick ratio of 3.33, a current ratio of 3.74 and a debt-to-equity ratio of 0.12.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 13th will be given a $0.70 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.97%. Helmerich & Payne’s dividend payout ratio (DPR) is presently -167.66%.
HP has been the subject of several research analyst reports. Royal Bank Of Canada restated a “hold” rating and set a $65.00 price target on shares of Helmerich & Payne in a report on Thursday, July 20th. Seaport Global Securities restated a “sell” rating on shares of Helmerich & Payne in a report on Thursday, July 20th. Citigroup Inc. cut Helmerich & Payne from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $58.00 to $43.00 in a report on Friday, July 28th. BidaskClub cut Helmerich & Payne from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Finally, UBS AG reissued a “buy” rating and set a $60.00 price target (down from $84.00) on shares of Helmerich & Payne in a research note on Monday, July 31st. Nine analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $54.27.
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In related news, CEO John W. Lindsay purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was acquired at an average cost of $47.73 per share, for a total transaction of $238,650.00. Following the completion of the transaction, 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 legal filing with the SEC, which is available through this hyperlink. 4.23% of the stock is owned by corporate insiders.
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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