Helmerich & Payne (HP) Earns News Impact Rating of 0.16
Media coverage about Helmerich & Payne (NYSE:HP) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public 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 0.16 on Accern’s scale. Accern also assigned news coverage about the oil and gas company an impact score of 46.4232398213293 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern’s rankings:
- Helmerich & Payne (HP) Downgraded by Zacks Investment Research (americanbankingnews.com)
- Top Ranked Momentum Stocks to Buy for February 7th (finance.yahoo.com)
- Hewlett-Packard Stock Falls Over 8.5% (finance.yahoo.com)
- Insider Selling: Helmerich & Payne, Inc. (HP) Director Sells 4,122 Shares of Stock (americanbankingnews.com)
- US Crude Oil Rigs Hit a 6-Month High (finance.yahoo.com)
Several equities research analysts have recently weighed in on the company. Royal Bank of Canada set a $57.00 price target on Helmerich & Payne and gave the company a “sector perform” rating in a research note on Friday, November 17th. Tudor Pickering raised Helmerich & Payne from a “hold” rating to a “buy” rating in a research note on Thursday, December 21st. Piper Jaffray Companies reissued a “hold” rating and issued a $48.00 price target on shares of Helmerich & Payne in a research note on Friday, November 24th. Citigroup raised Helmerich & Payne from a “sell” rating to a “neutral” rating in a research note on Thursday, January 4th. Finally, Zacks Investment Research cut Helmerich & Payne from a “buy” rating to a “hold” rating in a research note on Monday, December 4th. Seven investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $57.68.
Helmerich & Payne (NYSE:HP) last announced its quarterly earnings data on Thursday, January 25th. The oil and gas company reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.14. Helmerich & Payne had a negative return on equity of 1.90% and a net margin of 20.30%. The firm had revenue of $564.10 million during the quarter, compared to analysts’ expectations of $547.64 million. During the same quarter last year, the firm posted ($0.33) earnings per share. The company’s revenue for the quarter was up 53.0% compared to the same quarter last year. equities research analysts expect that Helmerich & Payne will post -0.08 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Monday, February 12th will be paid a $0.70 dividend. The ex-dividend date is Friday, February 9th. This represents a $2.80 dividend on an annualized basis and a yield of 4.32%. Helmerich & Payne’s dividend payout ratio (DPR) is presently 76.09%.
In other Helmerich & Payne news, Director Chapman Paula Marshall sold 2,555 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $57.80, for a total value of $147,679.00. Following the completion of the sale, the director now owns 12,525 shares of the company’s stock, valued at $723,945. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 4.10% of the company’s stock.
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About Helmerich & Payne
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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