Helmerich & Payne, Inc. (NYSE:HP)‘s stock had its “sell” rating reiterated by equities research analysts at BMO Capital Markets in a report released on Friday.

A number of other research firms have also recently weighed in on HP. Royal Bank Of Canada reaffirmed a “hold” rating and set a $65.00 price objective on shares of Helmerich & Payne in a research report on Thursday, July 20th. Zacks Investment Research cut shares of Helmerich & Payne from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Bank of America Corporation cut shares of Helmerich & Payne from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $71.00 to $55.00 in a research report on Friday, June 30th. Seaport Global Securities reaffirmed a “sell” rating on shares of Helmerich & Payne in a research report on Thursday, July 20th. Finally, Wells Fargo & Company cut shares of Helmerich & Payne from a “market perform” rating to an “underperform” rating in a research report on Friday, July 7th. Nine investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the stock. Helmerich & Payne currently has an average rating of “Hold” and a consensus target price of $54.27.

Shares of Helmerich & Payne (NYSE HP) opened at 51.03 on Friday. The company has a 50 day moving average price of $48.82 and a 200-day moving average price of $54.31. The stock’s market cap is $5.54 billion. Helmerich & Payne has a one year low of $42.16 and a one year high of $85.78.

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 for the quarter, topping the Zacks’ consensus estimate of ($0.30) by $0.05. The firm had revenue of $498.60 million during the quarter, compared to analysts’ expectations of $452.42 million. Helmerich & Payne had a negative net margin of 11.19% and a negative return on equity of 3.37%. The firm’s quarterly revenue was up 36.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.20) EPS. Equities analysts predict that Helmerich & Payne will post ($1.31) earnings per share for the current fiscal year.

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In related news, CEO John W. Lindsay purchased 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were purchased at an average cost of $47.73 per share, for a total transaction of $238,650.00. Following the purchase, the chief executive officer now directly owns 147,727 shares of the company’s stock, valued at $7,051,009.71. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.90% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the stock. Assetmark acquired a new stake in Helmerich & Payne during the 3rd quarter worth $0. Virtus Investment Advisers Inc. acquired a new stake in Helmerich & Payne during the 3rd quarter worth $105,000. Mizuho Asset Management Co. Ltd. raised its stake in Helmerich & Payne by 74.9% during the 2nd quarter. Mizuho Asset Management Co. Ltd. now owns 1,604 shares of the oil and gas company’s stock worth $108,000 after acquiring an additional 687 shares in the last quarter. Independent Portfolio Consultants Inc. raised its stake in Helmerich & Payne by 7.6% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 1,775 shares of the oil and gas company’s stock worth $119,000 after acquiring an additional 125 shares in the last quarter. Finally, NEXT Financial Group Inc raised its stake in Helmerich & Payne by 19.5% during the 3rd quarter. NEXT Financial Group Inc now owns 1,820 shares of the oil and gas company’s stock worth $122,000 after acquiring an additional 297 shares in the last quarter.

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.

Analyst Recommendations for Helmerich & Payne (NYSE:HP)

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