Media headlines about Helmerich & Payne (NYSE:HP) have been trending somewhat positive recently, Accern reports. The research group identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Helmerich & Payne earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 45.5514691464453 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news articles that may have effected Accern’s rankings:
HP has been the topic of a number of recent research reports. UBS Group lowered shares of Helmerich & Payne from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a research note on Friday. Stephens began coverage on shares of Helmerich & Payne in a research note on Tuesday, January 9th. They issued an “equal weight” rating and a $67.00 target price on the stock. Jefferies Group set a $65.00 price target on shares of Helmerich & Payne and gave the stock a “hold” rating in a research report on Thursday, January 4th. Citigroup upgraded shares of Helmerich & Payne from a “sell” rating to a “neutral” rating in a research report on Thursday, January 4th. Finally, Royal Bank of Canada set a $68.00 price target on shares of Helmerich & Payne and gave the stock a “hold” rating in a research report on Thursday, December 21st. Seven equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $55.04.
Shares of Helmerich & Payne (NYSE:HP) traded up $0.22 during midday trading on Friday, hitting $70.26. 1,962,501 shares of the company’s stock were exchanged, compared to its average volume of 1,642,499. Helmerich & Payne has a one year low of $42.16 and a one year high of $81.20. The company has a market capitalization of $7,630.66, a P/E ratio of -58.55 and a beta of 1.30. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.19 and a current ratio of 3.59.
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. The business had revenue of $532.30 million during the quarter, compared to the consensus estimate of $493.78 million. Helmerich & Payne had a negative net margin of 7.16% and a negative return on equity of 2.96%. Helmerich & Payne’s revenue for the quarter was up 60.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.33) earnings per share. research analysts expect that Helmerich & Payne will post -0.42 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Monday, February 12th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.99%. The ex-dividend date is Friday, February 9th. Helmerich & Payne’s dividend payout ratio (DPR) is presently -233.33%.
In other news, Director Chapman Paula Marshall sold 2,555 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 12,525 shares in the company, valued at $723,945. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.90% of the stock is owned by corporate insiders.
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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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