Headlines about Helmerich & Payne (NYSE:HP) have trended somewhat positive on Friday, InfoTrie Sentiment reports. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Helmerich & Payne earned a media sentiment score of 1.50 on their scale. InfoTrie also assigned media stories about the oil and gas company an news buzz score of 10 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Helmerich & Payne’s score:
- Helmerich & Payne, Inc. Announces formation of Helmerich & Payne Technologies (finance.yahoo.com)
- John R. Bell Sells 13,000 Shares of Helmerich & Payne, Inc. (HP) Stock (americanbankingnews.com)
- Could This Dividend Aristocrat Be at Risk of a Payout Cut? (fool.com)
- Top Investors Added to Their TechnipFMC Positions in Q3 (finance.yahoo.com)
- Q1 2019 EPS Estimates for Helmerich & Payne, Inc. (HP) Lifted by Piper Jaffray Companies (americanbankingnews.com)
Several equities research analysts have recently weighed in on HP shares. Zacks Investment Research lowered Helmerich & Payne from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 4th. SunTrust Banks raised Helmerich & Payne from a “sell” rating to a “buy” rating and raised their target price for the stock from $58.00 to $75.00 in a research report on Monday, November 19th. Royal Bank of Canada raised Helmerich & Payne from a “sector perform” rating to an “outperform” rating and set a $90.00 target price on the stock in a research report on Thursday, September 20th. Capital One Financial raised Helmerich & Payne from an “equal weight” rating to an “overweight” rating in a research report on Friday, October 5th. Finally, Wolfe Research began coverage on Helmerich & Payne in a research report on Wednesday, October 10th. They set an “underperform” rating on the stock. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Helmerich & Payne presently has a consensus rating of “Hold” and a consensus price target of $73.35.
HP opened at $61.15 on Friday. The company has a market cap of $6.62 billion, a price-to-earnings ratio of 436.79 and a beta of 1.30. Helmerich & Payne has a 52 week low of $54.00 and a 52 week high of $75.02. The company has a current ratio of 2.96, a quick ratio of 2.54 and a debt-to-equity ratio of 0.11.
Helmerich & Payne (NYSE:HP) last released its quarterly earnings results on Thursday, November 15th. The oil and gas company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.18 by $0.01. The company had revenue of $696.83 million for the quarter, compared to analyst estimates of $683.89 million. Helmerich & Payne had a return on equity of 0.41% and a net margin of 19.41%. Equities analysts predict that Helmerich & Payne will post 1.78 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Monday, November 12th will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 4.64%. The ex-dividend date of this dividend is Thursday, November 8th. Helmerich & Payne’s payout ratio is currently 2,028.57%.
In other news, VP John R. Bell sold 13,000 shares of the business’s stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of $60.17, for a total value of $782,210.00. Following the transaction, the vice president now owns 63,375 shares of the company’s stock, valued at $3,813,273.75. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO John W. Lindsay sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $70.00, for a total value of $2,100,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 54,309 shares of company stock worth $3,618,765. Corporate insiders own 4.10% of the company’s stock.
About Helmerich & Payne
Helmerich & Payne, Inc primarily engages in drilling oil and gas wells for exploration and production companies. The company operates through U.S. Land, Offshore, and International Land segments. The U.S. Land segment drills primarily in Colorado, Louisiana, Ohio, Oklahoma, New Mexico, North Dakota, Pennsylvania, Texas, Utah, West Virginia, and Wyoming.
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