November 25, 2016 - By Louis Casey · 0 Comments
Helmerich & Payne Inc (NYSE:HP) institutional sentiment increased to 1.25 in 2016 Q2. Its up 0.12, from 1.13 in 2016Q1. The ratio has increased, as 226 active investment managers increased or opened new positions, while 200 cut down and sold stakes in Helmerich & Payne Inc. The active investment managers in our partner’s database now own: 114.29 million shares, down from 118.88 million shares in 2016Q1. Also, the number of active investment managers holding Helmerich & Payne Inc in their top 10 positions was flat from 7 to 7 for the same number . Sold All: 54 Reduced: 146 Increased: 161 New Position: 65.
Helmerich & Payne, Inc. is engaged in contract drilling of gas and oil wells for others. The company has a market cap of $7.60 billion. The Firm operates in the contract drilling industry. It currently has negative earnings. The Company’s contract drilling business consists of three divisions: U.S.
The stock decreased 0.90% or $0.63 during the last trading session, hitting $69.6. About 738,947 shares traded hands. Helmerich & Payne, Inc. (NYSE:HP) has risen 9.60% since April 22, 2016 and is uptrending. It has outperformed by 4.19% the S&P500.
Analysts await Helmerich & Payne, Inc. (NYSE:HP) to report earnings on January, 26. They expect $-0.39 earnings per share, down 880.00% or $0.44 from last year’s $0.05 per share. After $-0.33 actual earnings per share reported by Helmerich & Payne, Inc. for the previous quarter, Wall Street now forecasts 18.18% negative EPS growth.
According to Zacks Investment Research, “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.”
Arosa Capital Management Lp holds 6.96% of its portfolio in Helmerich & Payne, Inc. for 848,000 shares. Oppenheimer & Close Llc owns 98,050 shares or 6.19% of their US portfolio. Moreover, Energy Opportunities Capital Management Llc has 4.51% invested in the company for 223,184 shares. The United Kingdom-based Kiltearn Partners Llp has invested 4.11% in the stock. Kessler Investment Group Llc, a Indiana-based fund reported 37,849 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 3 insider sales for $2.89 million net activity.
Ratings analysis reveals 32% of Helmerich & Payne’s analysts are positive. Out of 25 Wall Street analysts rating Helmerich & Payne, 8 give it “Buy”, 4 “Sell” rating, while 13 recommend “Hold”. The lowest target is $40 while the high is $80. The stock’s average target of $59.16 is -15.00% below today’s ($69.6) share price. HP was included in 66 notes of analysts from August 3, 2015. The firm has “Buy” rating given on Thursday, September 15 by Argus Research. The rating was maintained by Citigroup with “Neutral” on Wednesday, October 5. The stock of Helmerich & Payne, Inc. (NYSE:HP) has “Neutral” rating given on Friday, November 13 by Susquehanna. As per Monday, December 14, the company rating was initiated by KLR Group. The stock has “Neutral” rating given by Citigroup on Friday, March 18. Iberia Capital Partners downgraded the shares of HP in a report on Monday, September 21 to “Sector Perform” rating. Stephens downgraded Helmerich & Payne, Inc. (NYSE:HP) on Monday, March 7 to “Equal-Weight” rating. The company was maintained on Monday, November 16 by Cowen & Co. Nomura maintained the shares of HP in a report on Tuesday, May 3 with “Buy” rating. Goldman Sachs downgraded Helmerich & Payne, Inc. (NYSE:HP) rating on Friday, March 11. Goldman Sachs has “Neutral” rating and $60.50 price target.
Helmerich & Payne, Inc., incorporated on February 29, 1944, is engaged in contract drilling of gas and oil wells for others. The Firm operates in the contract drilling industry. The Company’s contract drilling business consists of three divisions: U.S. Land, Offshore and International Land. The Firm is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology. The Company’s real estate investments are located within Tulsa, Oklahoma, and include a shopping center containing approximately 441,000 leasable square feet, multi-tenant industrial warehouse properties containing approximately one million leasable square feet and approximately 210 acres of undeveloped real estate. The Company’s subsidiaries include Helmerich & Payne International Drilling Co. and Helmerich & Payne de Venezuela, C.A.
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By Louis Casey