Analytic Report on Helmerich & Payne Inc (NYSE:HP)

[Globe Newswire] Helmerich & Payne Inc (NYSE:HP)(TREND ANALYSIS), In conjunction with Helmerich & Payne, Inc.’s (HP) second quarter earnings release, you are invited to listen to its conference call that will be broadcast live over the Internet on Thursday, April 23, 2015, at 11:00 a.m. (ET) with John Lindsay, President and CEO, and Juan Pablo Tardio, Vice President and CFO.

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The company is expected to announce next quarter earnings on April 23, at consensus estimate of $0.8. Helmerich & Payne Inc (HP) reported last quarter earnings on January 29. The Oil & Gas Drilling company announced earnings per share of $1.7 against a consensus Street estimate of $1.57, beating the average estimate by $0.13. This corresponds to an increase of $0.01 compared to the same quarter of the previous fiscal year.

Helmerich & Payne Inc (NYSE:HP) is currently trading 34.72% below its 52-week-high, 43.8% above its 52-week-low. The 12-months range for the stock is $54 – $118.95. Helmerich & Payne Inc (HP) has a price to earnings ratio of 11.55 versus S&P 500 average of 17.42. HP stock price has outperformed the S&P 500 by 14%. The Oil & Gas Drilling company is currently valued at $8.36 billion and its share price closed the last trading session at $77.65. The stock has a 50-day moving average of $68.35 and a 200-day moving average of $72.27.

Helmerich & Payne Inc (HP) current short interest stands at 11.72 million shares. It has increased by 18% from the same period of last month. Around 12% of the company’s shares, which are float, are short sold. With a 10-days average volume of 2.31 million shares, the number of days required to cover the short positions stand at 5.1 days.

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There are currently thirty-one analysts that cover HP stock. Of those thirty-one, twelve have a Buy rating, seventeen have a Hold rating and two have a Sell rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $67.96.

A recent analyst activity consisted of Jefferies downgrading their Buy rating to Hold on April 13. Jefferies increased their price target on HP from $69 to $75. This corresponds to a 3.41% downside from the last closing price. On the date of report, the stock closed at $72.01.

Citigroup reiterated their Sell stance on March 31, and fixed their price target at $51. This corresponds to a 34.32% downside from the last closing price. On the date of report, the stock closed at $68.07.

A third research firm was Scotia Howard Weil who downgraded their Outperform rating to Sector Perform on March 30. On the date of report, the stock closed at $68.73.

Company profile

Helmerich & Payne, Inc. provides contract drilling of oil and gas wells in the Gulf of Mexico and South America. The Company operates land rigs and platform rigs.

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