Helmerich & Payne (HP) : Delaney Dennis R reduced its stake in Helmerich & Payne by 2.92% during the most recent quarter end. The investment management company now holds a total of 5,481 shares of Helmerich & Payne which is valued at $342,343 after selling 165 shares in Helmerich & Payne , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Helmerich & Payne makes up approximately 0.71% of Delaney Dennis R’s portfolio.
Other Hedge Funds, Including , Kidder Stephen W reduced its stake in HP by selling 2,530 shares or 6.38% in the most recent quarter. The Hedge Fund company now holds 37,140 shares of HP which is valued at $2,319,764. Helmerich & Payne makes up approx 0.90% of Kidder Stephen W’s portfolio. Integral Derivatives added HP to its portfolio by purchasing 3,367 company shares during the most recent quarter which is valued at $212,862. Helmerich & Payne makes up approx 0.08% of Integral Derivatives’s portfolio.Chartwell Investment Partners boosted its stake in HP in the latest quarter, The investment management firm added 5,040 additional shares and now holds a total of 56,542 shares of Helmerich & Payne which is valued at $3,574,585. Helmerich & Payne makes up approx 0.06% of Chartwell Investment Partners’s portfolio.Ims Capital Management boosted its stake in HP in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 4,711 shares of Helmerich & Payne which is valued at $296,934. Helmerich & Payne makes up approx 0.34% of Ims Capital Management’s portfolio.Gibraltar Capital Management reduced its stake in HP by selling 4,314 shares or 19.57% in the most recent quarter. The Hedge Fund company now holds 17,733 shares of HP which is valued at $1,117,711. Helmerich & Payne makes up approx 1.30% of Gibraltar Capital Management’s portfolio.
Helmerich & Payne opened for trading at $62.04 and hit $63.33 on the upside on Monday, eventually ending the session at $62.6, with a gain of 1.18% or 0.73 points. The heightened volatility saw the trading volume jump to 11,85,510 shares. Company has a market cap of $6,765 M.
On the company’s financial health, Helmerich & Payne reported $-0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.26 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $-0.46. The company had revenue of $366.50 million for the quarter, compared to analysts expectations of $308.09 million. The company’s revenue was down -44.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.27 EPS.
Many Wall Street Analysts have commented on Helmerich & Payne. Shares were Reiterated by FBR Capital on Jul 29, 2016 to “Mkt Perform” and Lowered the Price Target to $ 58 from a previous price target of $66 .Helmerich & Payne was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Jun 21, 2016. Helmerich & Payne was Downgraded by Credit Suisse to ” Underperform” on Jun 1, 2016.
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 business segments: U.S. Land Offshore and International Land. Its U.S. Land segment operates drilling operations in Oklahoma California Texas Wyoming Colorado Louisiana Mississippi Pennsylvania Ohio Utah New Mexico Montana North Dakota West Virginia and Nevada. Its offshore operations are conducted in the Gulf of Mexico and Equatorial Guinea. Its International Land segment operates in seven international locations including Ecuador Colombia Argentina Tunisia Bahrain the United Arab Emirates and Mozambique. The Company is also engaged in the ownership development and operation of commercial real estate and the research and development of rotary steerable technology.