Somewhat Favorable News Coverage Somewhat Unlikely to Affect Helmerich & Payne (HP) Share Price
Media stories about Helmerich & Payne (NYSE:HP) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Helmerich & Payne earned a news impact score of 0.13 on Accern’s scale. Accern also assigned media coverage about the oil and gas company an impact score of 46.2674278765295 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- Helmerich & Payne, Inc. (HP) PT Set at $50.00 by Jefferies Group LLC (americanbankingnews.com)
- Critical Review: Helmerich & Payne (HP) & Pacific Drilling SA (PACD) (americanbankingnews.com)
- Helmerich & Payne, Inc. (HP) has a value of $51.26 per share While Mobile Mini, Inc. (MINI) is stand at $34.50 – Stocks Gallery (stocksgallery.com)
- Why Helmerich & Payne, Inc. Stock Rocketed Over 23% in September – Motley Fool (fool.com)
- Analyzing Helmerich & Payne (HP) and Its Peers (americanbankingnews.com)
Helmerich & Payne (NYSE HP) opened at 51.53 on Friday. The firm has a 50-day moving average of $47.88 and a 200 day moving average of $54.71. Helmerich & Payne has a 52 week low of $42.16 and a 52 week high of $85.78. The firm’s market capitalization is $5.60 billion.
Helmerich & Payne (NYSE:HP) last posted its earnings results on Thursday, July 27th. The oil and gas company reported ($0.25) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.05. The company had revenue of $498.60 million for 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 period last year, the business posted ($0.20) earnings per share. Analysts predict that Helmerich & Payne will post ($1.30) earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 13th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 5.43%. The ex-dividend date of this dividend is Friday, November 10th. Helmerich & Payne’s payout ratio is -167.66%.
HP has been the subject of a number of recent research reports. BMO Capital Markets reiterated a “sell” rating and issued a $54.00 price target on shares of Helmerich & Payne in a research note on Thursday, June 22nd. UBS AG reiterated a “buy” rating and issued a $60.00 price target (down previously from $84.00) on shares of Helmerich & Payne in a research note on Monday, July 31st. Sanford C. Bernstein reiterated an “outperform” rating and issued a $66.00 price target on shares of Helmerich & Payne in a research note on Wednesday, September 6th. Royal Bank Of Canada reiterated a “hold” rating and issued a $65.00 price target on shares of Helmerich & Payne in a research note on Thursday, July 20th. Finally, Morgan Stanley downgraded shares of Helmerich & Payne from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $85.00 to $56.00 in a research note on Wednesday, June 21st. Nine equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $54.71.
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In related news, CEO John W. Lindsay bought 5,000 shares of the business’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 completion of the purchase, the chief executive officer now owns 147,727 shares of the company’s stock, valued at approximately $7,051,009.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.90% of the company’s stock.
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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