Helmerich & Payne (HP) Earning Somewhat Positive News Coverage, Analysis Shows
News stories about Helmerich & Payne (NYSE:HP) have been trending somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Helmerich & Payne earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news stories about the oil and gas company an impact score of 46.7351373492569 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Investec Asset Management Ltd Decreases Its Ownership in Helmerich & Payne, Inc. (HP) – Modern Readers (modernreaders.com)
- Helmerich & Payne, Inc. (HP) Hits New 1-Year Low at $47.65 – ExpressNewsline (expressnewsline.com)
- Investor Focus on Shares of Helmerich & Payne, Inc. (NYSE:HP) – Jonesboro Recorder (jonesbororecorder.com)
- Helmerich & Payne Stock Getting Very Oversold (nasdaq.com)
- Analyzing Seadrill Limited (SDRL) and Helmerich & Payne (HP) (americanbankingnews.com)
Shares of Helmerich & Payne (NYSE HP) opened at 46.18 on Friday. The company’s market cap is $5.01 billion. Helmerich & Payne has a 1-year low of $46.00 and a 1-year high of $85.78. The stock has a 50 day moving average of $52.55 and a 200 day moving average of $60.88.
Helmerich & Payne (NYSE:HP) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.25) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.05. The business had revenue of $498.60 million during the quarter, compared to the consensus estimate of $452.42 million. Helmerich & Payne had a negative return on equity of 3.37% and a negative net margin of 11.19%. The firm’s quarterly revenue was up 36.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.20) earnings per share. Analysts predict that Helmerich & Payne will post ($1.32) EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.80 dividend on an annualized basis and a yield of 6.06%. Helmerich & Payne’s dividend payout ratio (DPR) is -167.66%.
A number of research analysts recently issued reports on HP shares. Jefferies Group LLC upgraded shares of Helmerich & Payne from an “underperform” rating to a “hold” rating and dropped their price objective for the company from $55.00 to $54.00 in a report on Wednesday, May 3rd. Credit Suisse Group reiterated a “hold” rating and issued a $63.00 price objective on shares of Helmerich & Payne in a report on Tuesday, May 2nd. Morgan Stanley lowered shares of Helmerich & Payne from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $85.00 to $56.00 in a report on Wednesday, June 21st. BMO Capital Markets reiterated a “sell” rating and issued a $54.00 price objective on shares of Helmerich & Payne in a report on Thursday, June 22nd. Finally, Royal Bank Of Canada reiterated a “hold” rating on shares of Helmerich & Payne in a report on Friday, May 26th. Seven equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. Helmerich & Payne has a consensus rating of “Hold” and a consensus target price of $57.10.
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Helmerich & Payne Company Profile
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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