Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Helmerich & Payne (HP) Share Price
Media coverage about Helmerich & Payne (NYSE:HP) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Helmerich & Payne earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news articles about the oil and gas company an impact score of 45.5708183216518 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern’s analysis:
- Helmerich & Payne (HP) & Transocean Partners (RIGP) Head to Head Analysis (americanbankingnews.com)
- FPA Capital Curbs Arris, Western Digital Positions, Exits Foot Locker (finance.yahoo.com)
- Helmerich & Payne Sees IBD RS Rating Climb To 73 (finance.yahoo.com)
- Helmerich & Payne (HP) Now Covered by Analysts at Stephens (americanbankingnews.com)
- Oil Prices Sent Helmerich & Payne's Stock Surging Last Month, but This Story Is What Matters (finance.yahoo.com)
A number of brokerages recently issued reports on HP. Stephens began coverage on shares of Helmerich & Payne in a research report on Tuesday. They set an “equal weight” rating and a $67.00 target price on the stock. Citigroup raised shares of Helmerich & Payne from a “sell” rating to a “neutral” rating in a research report on Thursday, January 4th. Jefferies Group set a $65.00 target price on shares of Helmerich & Payne and gave the stock a “hold” rating in a research report on Thursday, January 4th. Royal Bank of Canada set a $68.00 target price on shares of Helmerich & Payne and gave the stock a “hold” rating in a research report on Thursday, December 21st. Finally, Tudor Pickering raised shares of Helmerich & Payne from a “hold” rating to a “buy” rating in a research report on Thursday, December 21st. Seven investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have given a buy rating to the stock. Helmerich & Payne currently has an average rating of “Hold” and an average price target of $54.63.
Helmerich & Payne (NYSE:HP) last posted its quarterly earnings results on Thursday, November 16th. The oil and gas company reported ($0.14) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.05. Helmerich & Payne had a negative net margin of 7.16% and a negative return on equity of 2.96%. The firm had revenue of $532.30 million for the quarter, compared to the consensus estimate of $493.78 million. During the same quarter in the previous year, the company earned ($0.33) earnings per share. The business’s revenue was up 60.5% compared to the same quarter last year. analysts forecast that Helmerich & Payne will post -0.43 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Monday, February 12th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a $2.80 annualized dividend and a dividend yield of 4.00%. Helmerich & Payne’s dividend payout ratio is presently -235.29%.
In other news, Director Chapman Paula Marshall sold 2,555 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $57.80, for a total value of $147,679.00. Following the sale, the director now owns 12,525 shares in the company, valued at approximately $723,945. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.23% of the stock is currently owned by insiders.
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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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