Helmerich & Payne, Inc. (NYSE:HP) Receives $56.50 Consensus Target Price from Brokerages

Xavier Trudeau
Août 13, 2017

(NYSE:HP) by 2.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,135 shares of the oil and gas company's stock after buying an additional 685 shares during the period. Murphy Capital Management Inc.'s holdings in Helmerich & Payne were worth $217,000 as of its most recent filing with the SEC.

A number of research analysts have recently issued reports on the stock.

Helmerich & Payne (NYSE:HP) last released its earnings results on Thursday, July 27th. Denver Investment Advisors LLC now owns 26,805 shares of the oil and gas company's stock valued at $1,784,000 after buying an additional 124 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Helmerich & Payne by 0.6% in the second quarter. Investec Asset Management LTD now owns 2,151,354 shares of the oil and gas company's stock worth $143,216,000 after buying an additional 411,347 shares during the last quarter. Murphy Capital Management Inc. boosted its stake in shares of Helmerich & Payne by 2.6% in the second quarter. Macquarie Group Ltd. now owns 53,350 shares of the oil and gas company's stock worth $4,129,000 after buying an additional 500 shares during the last quarter. The institutional investor held 683,696 shares of the semiconductors company at the end of 2016Q4, valued at $24.80M, down from 855,845 at the end of the previous reported quarter. Guggenheim upgraded Helmerich & Payne from a "neutral" rating to a "buy" rating in a research note on Monday, April 3rd. Irving Magee Investment Management acquired 11,041 shares as Helmerich & Payne Inc (HP)'s stock declined 12.04%. The company has market cap of $5.01 billion.

Kiltearn Partners Llp decreased its stake in Helmerich & Payne Inc (HP) by 50.1% based on its latest 2016Q4 regulatory filing with the SEC. The company has a 50-day moving average price of $52.55 and a 200-day moving average price of $60.88.

7/4/2017 - Helmerich & Payne was downgraded by analysts at Zacks Investment Research from a "hold" rating to a "sell" rating. The oil and gas company reported ($0.25) earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.30) by $0.05. The company had revenue of $498.60 million during 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%. Helmerich & Payne's quarterly revenue was up 36.0% compared to the same quarter a year ago. During the same period past year, the firm posted ($0.20) earnings per share. Equities analysts expect that Helmerich & Payne, Inc. will post ($1.32) EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Toronto Dominion Bank & Trust holds 0% or 18,654 shares. This dividend amount will represent a yeild of $6.02. The ex-dividend date of this dividend is Wed, Aug 16th. this indicates a $2.80 annual dividend and a payout of of 6.03%. Helmerich & Payne's payout ratio is now -168.67%.

COPYRIGHT VIOLATION WARNING: "Pekin Singer Strauss Asset Management IL Boosts Position in Helmerich & Payne, Inc". (NYSE:HP) in a research note issued to investors on Friday. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & worldwide copyright and trademark legislation. The original version of this article can be viewed at https://baseballnewssource.com/markets/helmerich-payne-inc-nysehp-position-increased-by-ferguson-wellman-capital-management-inc-updated/1329340.html.

7/7/2017 - Helmerich & Payne was downgraded by analysts at Wells Fargo & Company from a "market perform" rating to an "underperform" rating. Credit Suisse Group reiterated a "hold" rating and issued a $63.00 price objective on shares of Helmerich & Payne in a report on Tuesday, May 2nd. Finally, Citigroup Inc. downgraded shares of Helmerich & Payne from a "neutral" rating to a "sell" rating and dropped their target price for the company from $58.00 to $43.00 in a research report on Friday, July 28th. Finally, Royal Bank Of Canada reiterated a "hold" rating on shares of Helmerich & Payne in a report on Friday, May 26th. Morgan Stanley cut shares of Helmerich & Payne from an equal weight rating to an underweight rating and decreased their price objective for the company from $85.00 to $56.00 in a report on Wednesday, June 21st. Petrie Thomas A. also bought $133,675 worth of Helmerich & Payne, Inc. The Firm operates through divisions: Diversified Industrial and Aerospace Systems. The Company's contract drilling business consists of three divisions: U.S. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology. (NYSE:HP). Ridgeworth Mgmt Ltd holds 0% or 1,127 shares.

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