Impact of Brokerage Rating on Helmerich & Payne, Inc.(HP)

Many Helmerich & Payne, Inc.(HP) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Helmerich & Payne was Upgraded by Argus to Buy on Jan 9, 2017. Company shares were Downgraded by RBC Capital Mkts on Dec 16, 2016 to Sector Perform, Raises Price Target to $ 94 from a previous price target of $83 .Helmerich & Payne was Downgraded by BofA/Merrill to Neutral on Dec 8, 2016. Helmerich & Payne was Initiated by Bernstein to Mkt Perform on Dec 2, 2016. Company shares were Downgraded by Seaport Global Securities on Dec 1, 2016 to Neutral, Raises Price Target to $ 77 from a previous price target of $69 .

Company has reported several Insider transactions to the SEC, on Dec 14, 2016, John W Lindsay (President & CEO) sold 25,000 shares at 83.36 per share price.On Dec 12, 2016, Juan Pablo Tardio (VP & CFO) sold 36,000 shares at 81.31 per share price.On Dec 9, 2016, Robert L. Stauder (Sr. VP, drilling subsidiary) sold 44,501 shares at 81.24 per share price.

Helmerich & Payne Last issued its quarterly earnings results on Jan 26, 2017. The company reported $-0.33 EPS for the quarter. Analyst had a consensus estimate of $-0.33. The company had revenue of $368.59 million for the quarter, compared to analysts expectations of $332.26 million. The companys revenue was down -24.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.15 EPS.

Helmerich & Payne, Inc. (NYSE:HP) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.95 by 19 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 13 Brokerage Firms have advised hold. 2 Analysts have rated it as strong sell. A sell rating was given by 1 analyst.

Helmerich & Payne, Inc. (NYSE:HP) stock has received a short term price target of $ 68.88 from 16 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $13.01. The higher estimate of target price is $94 , while the lower price target estimate is $49

Helmerich & Payne, Inc. (NYSE:HP) rose 2.12% or 1.47 points on Tuesday and made its way into the gainers of the day. After trading began at $69.71 the stock was seen hitting $70.75 as a peak level and $69.5592 as the lowest level. The stock ended up at $70.65. The daily volume was measured at 1,623,278 shares. The 52-week high of the share price is $85.78 and the 52-week low is $47.41. The company has a market cap of $7,670 million.

Helmerich & Payne, Inc. is primarily engaged in the exploration, production, and sale of crude oil and natural gas and in contract drilling of oil and gas wells for others. These activities account for the major portion of its operating revenues. The company is also engaged in the ownership, development, and operation of commercial real estate.


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