Stock On the Run: Helmerich & Payne, Inc. (HP)

Marco Green
September 15, 2017

Whereas they predicted High and Low Earnings Estimate as $-0.06 and $-0.3 respectively. The company's a year ago sales total was 298200. The firm is scheduled to report its next earnings results on Thursday, November 16th.

HP has been the subject of a number of recent research reports.

Many analysts have provided their estimated foresights on Helmerich & Payne, Inc.

Kidder Stephen W decreased Helmerich & Payne (HP) stake by 23.5% reported in 2016Q4 SEC filing. The institutional investor held 157,510 shares of the farming and seeds and milling company at the end of 2016Q4, valued at $10.65 million, up from 150,230 at the end of the previous reported quarter. Return on Equity (ROE) stands at -4.1% and Return on Investment (ROI) of -0.1 percent. The company had revenue of $498.60 million during the quarter, compared to analysts' expectations of $452.42 million. The company's revenue for the quarter was up 36.0% on a year-over-year basis. The Company's subsidiaries include Helmerich & Payne International Drilling Co. and Helmerich & Payne de Venezuela, C.A.

JP Morgan now has a $38 target price per share on the $5.25 billion market cap company or -21.46 % downside potential. BMO Capital Markets downgraded the shares of HP in report on Friday, September 4 to "Underperform" rating. Jefferies Group LLC set a $54.00 target price on Helmerich & Payne and gave the company a "hold" rating in a research note on Tuesday, June 6th. (The) downgraded shares of Helmerich & Payne from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $63.00 to $45.00 in a research report on Monday, May 22nd. Currently, the stock has a 1 Year Price Target of $51.93.

Insider Trades for Helmerich & Payne, Inc. show that the latest trade was made on 31 Jul 2017 where Foutch (Randy A), the Director completed a transaction type "Buy" in which 3446 shares were traded at a price of $35.11. Trading was light with 2,051K shares changing hands on Thursday. The stock's market capitalization is 5.22B, it has a 52-week low of 42.16 and a 52-week high of 85.78. In its USA land segment, the company now expects Q4 revenue days to be up by 5% to 6% sequentially, up from its late-July forecast for an increase of 3% to 5%. The company has a 50 day moving average of $75.82 and a 200-day moving average of $68.61.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. The ex-dividend date is Friday, November 10th. This represents a $2.80 annualized dividend and a yield of 5.68%. Helmerich & Payne's dividend payout ratio is presently -167.66%.

TRADEMARK VIOLATION WARNING: This report was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of global copyright & trademark legislation. The legal version of this report can be read at (NYSE:HP) CEO John W. Lindsay bought 5,000 shares of the company's stock in a transaction that occurred on Tuesday, September 12th. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. Following the sale, the chief executive officer now owns 136,512 shares in the company, valued at $9,562,665.60. Hoertkorn Richard Charles owns 3.8% invested in Sprint Corp (NYSE:S) for 652,990 shares. It worsened, as 40 investors sold HP shares while 179 reduced holdings. (NYSE:HP). Investec Asset Management Ltd has invested 0.7% in Helmerich & Payne, Inc. Gwm Advisors LLC cut its investment by selling 4,410 shares a decrease of 87.8%. Toronto Dominion Bank raised its holdings in Helmerich & Payne by 25.6% during the second quarter. Sterling Capital Management LLC now owns 33,438 shares of the oil and gas company's stock worth $1,817,000 after buying an additional 13,405 shares during the period. Advisory Services Network LLC increased its position in Helmerich & Payne by 14.5% in the 2nd quarter. Gwm Advisors LLC now owns 611 shares valued at $32,573,000. Finally, Alliancebernstein L.P. boosted its stake in Helmerich & Payne by 2,747.3% in the second quarter. During the past couple of weeks, HP average daily volatility was 34.20%, which is 2.01 percentage points lower than the average volatility over the past 100 days.

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