Media stories about Helmerich & Payne (NYSE:HP) have trended somewhat positive on Sunday, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Helmerich & Payne earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 47.0641923262978 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
A number of research analysts have recently weighed in on the stock. Cowen and Company set a $50.00 price target on shares of Helmerich & Payne and gave the company a “hold” rating in a report on Wednesday, October 18th. Royal Bank Of Canada reiterated a “hold” rating and issued a $53.00 target price on shares of Helmerich & Payne in a research note on Wednesday, October 18th. BMO Capital Markets reiterated a “sell” rating on shares of Helmerich & Payne in a research note on Friday, October 13th. Deutsche Bank AG started coverage on shares of Helmerich & Payne in a research note on Tuesday, October 10th. They issued a “hold” rating and a $45.00 target price on the stock. Finally, Jefferies Group LLC set a $50.00 target price on shares of Helmerich & Payne and gave the company a “hold” rating in a research note on Thursday, October 5th. Nine investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $54.27.
Helmerich & Payne (NYSE HP
) opened at 52.61 on Friday. The company’s market capitalization is $5.71 billion. The stock’s 50 day moving average is $51.12 and its 200-day moving average is $53.15. Helmerich & Payne has a 12-month low of $42.16 and a 12-month high of $85.78.
Helmerich & Payne (NYSE:HP) last posted its earnings results on Thursday, July 27th. 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 business had revenue of $498.60 million during the quarter, compared to analyst estimates of $452.42 million. Helmerich & Payne had a negative return on equity of 3.37% and a negative net margin of 11.19%. The company’s quarterly revenue was up 36.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.20) EPS. On average, equities analysts predict that Helmerich & Payne will post ($1.33) earnings per share for the current fiscal 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 issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date of this dividend is Friday, November 10th. Helmerich & Payne’s payout ratio is presently -167.66%.
In other Helmerich & Payne news, CEO John W. Lindsay acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was bought at an average price of $47.73 per share, with a total value of $238,650.00. Following the completion of the acquisition, the chief executive officer now owns 147,727 shares of the company’s stock, valued at $7,051,009.71. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.90% of the stock is 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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