Helmerich & Payne Downgraded to Neutral at Guggenheim (HP)
Helmerich & Payne (NYSE:HP) was downgraded by stock analysts at Guggenheim from a “buy” rating to a “neutral” rating in a report issued on Monday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Helmerich & Payne from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, December 13th. They now have a $96.00 price target on the stock. Separately, analysts at FBR Capital Markets initiated coverage on shares of Helmerich & Payne in a research note to investors on Friday, December 6th. They set an “outperform” rating on the stock. Finally, analysts at Jefferies Group raised their EPS on shares of Helmerich & Payne in a research note to investors on Thursday, November 21st. They now have a “hold” rating and a $78.00 price target on the stock. Twelve equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $80.06.
Helmerich & Payne (NYSE:HP) traded down 0.95% on Monday, hitting $82.261. 175,013 shares of the company’s stock traded hands. Helmerich & Payne has a 52-week low of $55.78 and a 52-week high of $84.87. The stock has a 50-day moving average of $80.34 and a 200-day moving average of $71.46. The company has a market cap of $8.814 billion and a P/E ratio of 12.23.
Helmerich & Payne (NYSE:HP) last issued its quarterly earnings data on Thursday, November 14th. The company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.06. The company had revenue of $864.50 million for the quarter, compared to the consensus estimate of $845.85 million. During the same quarter in the previous year, the company posted $1.36 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. Analysts expect that Helmerich & Payne will post $5.75 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a dividend of 0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Wednesday, February 12th. This is a boost from Helmerich & Payne’s previous quarterly dividend of $0.50.
Helmerich & Payne, Inc is engaged in contract drilling of oil and gases wells for others and this business.
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