Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Helmerich & Payne (HP) Stock Price

News coverage about Helmerich & Payne (NYSE:HP) has trended somewhat positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Helmerich & Payne earned a daily sentiment score of 0.03 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 46.5059496102816 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the media headlines that may have effected Accern Sentiment’s scoring:

Helmerich & Payne (NYSE HP) traded down $1.37 during midday trading on Wednesday, hitting $56.47. 1,451,468 shares of the company were exchanged, compared to its average volume of 1,842,792. Helmerich & Payne has a fifty-two week low of $42.16 and a fifty-two week high of $85.78. The company has a current ratio of 3.59, a quick ratio of 3.19 and a debt-to-equity ratio of 0.12.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings data on Thursday, November 16th. The oil and gas company reported ($0.14) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.05. The business had revenue of $532.30 million for the quarter, compared to analyst estimates of $493.78 million. Helmerich & Payne had a negative net margin of 7.16% and a negative return on equity of 2.96%. The business’s revenue for the quarter was up 60.5% on a year-over-year basis. During the same quarter last year, the business earned ($0.33) earnings per share. sell-side analysts predict that Helmerich & Payne will post -0.47 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, November 13th were given a $0.70 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $2.80 annualized dividend and a yield of 4.96%. Helmerich & Payne’s dividend payout ratio (DPR) is -233.33%.

A number of equities research analysts have recently weighed in on HP shares. Cowen reaffirmed a “hold” rating and set a $50.00 price target on shares of Helmerich & Payne in a report on Friday, August 11th. Societe Generale started coverage on Helmerich & Payne in a report on Thursday, August 31st. They set a “hold” rating and a $46.00 price target on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $66.00 price target on shares of Helmerich & Payne in a report on Wednesday, September 6th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $53.00 price target (down previously from $65.00) on shares of Helmerich & Payne in a report on Friday, September 8th. Finally, J P Morgan Chase & Co cut their price target on Helmerich & Payne from $44.00 to $38.00 and set an “underweight” rating on the stock in a report on Tuesday, September 12th. Eight equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $54.92.

In other Helmerich & Payne news, CEO John W. Lindsay purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were purchased at an average price of $47.73 per share, for a total transaction of $238,650.00. Following the completion of the transaction, the chief executive officer now owns 147,727 shares in the company, valued at approximately $7,051,009.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.23% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Helmerich & Payne (NYSE:HP)

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