Monroe Bank Trustmi buys $1,741,455 stake in Helmerich & Payne (HP)

Helmerich & Payne (HP) : Monroe Bank Trustmi scooped up 338 additional shares in Helmerich & Payne during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 28,147 shares of Helmerich & Payne which is valued at $1,741,455.Helmerich & Payne makes up approximately 0.58% of Monroe Bank Trustmi’s portfolio.

Other Hedge Funds, Including , Dynamic Technology Lab Private Ltd sold out all of its stake in HP during the most recent quarter. The investment firm sold 6,123 shares of HP which is valued $378,830.Signaturefd boosted its stake in HP in the latest quarter, The investment management firm added 46 additional shares and now holds a total of 297 shares of Helmerich & Payne which is valued at $18,405.Blb&b Advisors boosted its stake in HP in the latest quarter, The investment management firm added 4,229 additional shares and now holds a total of 23,781 shares of Helmerich & Payne which is valued at $1,563,125. Helmerich & Payne makes up approx 0.29% of Blb&b Advisors’s portfolio.Kessler Investment Group boosted its stake in HP in the latest quarter, The investment management firm added 859 additional shares and now holds a total of 37,849 shares of Helmerich & Payne which is valued at $2,487,815. Helmerich & Payne makes up approx 3.43% of Kessler Investment Group’s portfolio.

Helmerich & Payne closed down -0.43 points or -0.66% at $64.24 with 11,43,175 shares getting traded on Friday. Post opening the session at $64, the shares hit an intraday low of $63.37 and an intraday high of $64.56 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

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