Helmerich & Payne Inc. (NYSE:HP) traded down 1.3% on Monday . The stock traded as low as $67.23 and last traded at $67.80, with a volume of 821,131 shares. The stock had previously closed at $68.72.

Several equities research analysts have weighed in on the company. Howard Weil downgraded Helmerich & Payne from a “sector outperform” rating to a “sector perform” rating in a report on Tuesday, May 3rd. FBR & Co downgraded Helmerich & Payne from an “outperform” rating to a “market perform” rating and set a $66.00 price target for the company. in a report on Friday, April 29th. Morgan Stanley reissued a “sell” rating on shares of Helmerich & Payne in a report on Monday, May 2nd. Scotiabank downgraded Helmerich & Payne from an “outperform” rating to a “sector perform” rating in a report on Tuesday, May 3rd. Finally, BMO Capital Markets reissued a “sell” rating on shares of Helmerich & Payne in a report on Monday, May 2nd. Six investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $59.99.

The company has a 50 day moving average of $65.60 and a 200 day moving average of $58.23. The stock has a market capitalization of $7.37 billion and a PE ratio of 72.93.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings data on Monday, May 2nd. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.37. The company had revenue of $438 million for the quarter, compared to analyst estimates of $398.26 million. During the same period in the previous year, the business posted $1.37 earnings per share. The firm’s revenue was down 50.6% compared to the same quarter last year. On average, equities analysts predict that Helmerich & Payne Inc. will post ($1.15) EPS for the current fiscal year.

In other Helmerich & Payne news, CEO John W. Lindsay sold 19,000 shares of the stock in a transaction that occurred on Thursday, June 9th. The stock was sold at an average price of $67.37, for a total transaction of $1,280,030.00. Following the completion of the sale, the chief executive officer now directly owns 145,512 shares of the company’s stock, valued at approximately $9,803,143.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Several hedge funds have bought and sold shares of HP. Russell Frank Co boosted its stake in Helmerich & Payne by 20.4% in the fourth quarter. Russell Frank Co now owns 90,157 shares of the company’s stock valued at $4,758,000 after buying an additional 15,296 shares in the last quarter. Swiss National Bank boosted its stake in Helmerich & Payne by 1.5% in the fourth quarter. Swiss National Bank now owns 194,952 shares of the company’s stock valued at $10,440,000 after buying an additional 2,800 shares in the last quarter. Sei Investments Co. boosted its stake in Helmerich & Payne by 16.0% in the fourth quarter. Sei Investments Co. now owns 115,832 shares of the company’s stock valued at $6,202,000 after buying an additional 15,997 shares in the last quarter. Rhumbline Advisers boosted its stake in Helmerich & Payne by 1.7% in the fourth quarter. Rhumbline Advisers now owns 200,338 shares of the company’s stock valued at $10,728,000 after buying an additional 3,267 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in Helmerich & Payne by 3.1% in the fourth quarter. California Public Employees Retirement System now owns 271,000 shares of the company’s stock valued at $14,512,000 after buying an additional 8,200 shares in the last quarter.

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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