News headlines about Helmerich & Payne (NYSE:HP) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. 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 gave press coverage about the oil and gas company an impact score of 45.5708183216518 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s analysis:
A number of analysts have weighed in on HP shares. Sanford C. Bernstein cut shares of Helmerich & Payne from an “outperform” rating to a “market perform” rating in a report on Monday, January 29th. Jefferies Group reaffirmed a “hold” rating and issued a $69.00 target price on shares of Helmerich & Payne in a report on Thursday, January 25th. Cowen reaffirmed a “market perform” rating and issued a $60.00 target price (up from $50.00) on shares of Helmerich & Payne in a report on Friday, January 26th. Societe Generale upgraded shares of Helmerich & Payne from a “hold” rating to a “buy” rating in a research report on Monday, January 29th. Finally, Zacks Investment Research lowered shares of Helmerich & Payne from a “buy” rating to a “hold” rating in a research report on Thursday. Seven equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $57.68.
Shares of Helmerich & Payne (NYSE HP) traded down $2.84 during trading hours on Friday, hitting $70.11. The stock had a trading volume of 1,593,963 shares, compared to its average volume of 1,902,849. The stock has a market cap of $7,940.26, a PE ratio of 19.05 and a beta of 1.27. Helmerich & Payne has a 1-year low of $42.16 and a 1-year high of $75.02. The company has a quick ratio of 3.19, a current ratio of 3.28 and a debt-to-equity ratio of 0.11.
Helmerich & Payne (NYSE:HP) last released its quarterly earnings results on Thursday, January 25th. The oil and gas company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.14. The firm had revenue of $564.10 million during the quarter, compared to analysts’ expectations of $547.64 million. Helmerich & Payne had a negative return on equity of 1.90% and a net margin of 20.30%. Helmerich & Payne’s quarterly revenue was up 53.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.33) EPS. research analysts expect that Helmerich & Payne will post -0.09 EPS for the current year.
The firm 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 dividend of $0.70 per share. 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 currently 76.09%.
In related news, Director Chapman Paula Marshall sold 2,555 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $57.80, for a total transaction of $147,679.00. Following the sale, the director now directly owns 12,525 shares of the company’s stock, valued at approximately $723,945. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.10% of the company’s stock.
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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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