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Helmerich & Payne Inc (NYSE:HP) continuing downward trend near 52-week low

January 12
09:15 2015

Helmerich & Payne Inc (NYSE:HP) (TREND ANALYSIS) is expected to report earnings per share of $5.42 for the current fiscal year, as per consensus of analysts. Helmerich & Payne Inc (NYSE:HP) reported last earnings figures on November 13rd. The company announced actual earnings per share of $1.48 against the consensus Street estimate of $1.67. This represents a year-on-year increase of earning per share of $0.04 from corresponding quarter of last year. Helmerich & Payne Inc posted revenue of $952.09 million versus estimate of $943.35 million.

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Helmerich & Payne Inc (NYSE:HP) is currently trading 48.89% below its 52-week-high, 4.11% above its 52-week-low and in the range of $58.4-$80.41 over the past month. The 1-year range for the stock is $58.4-$118.95. Helmerich & Payne Inc has a price to book ratio of 1.35 versus S&P 500 average of 2.77. The company’s share price has underperformed the S&P 500 year to date by -9.2% The company is currently valued at $6.58 billion and closed the last trading session at $60.8. The stock has 50-day moving average of $72.62 and a 200-day moving average of $96.93.

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There are currently thirty-one analysts that we track that cover the stock. Of those thirty-one, fourteen have a buy rating, sixteen have a hold rating, and one has a sell rating. On a consensus basis this yields to a score of 3.81 and a Buy. The consensus target price stands at $76.27 which represents an upside of 25.45% from the last closing price of $60.8.

The most recent analyst activity consisted of Stephens Inc maintaining their overweight stance with a target price of $90, which represents an upside of 48.03% from the last closing price. On the date of report, the stock closed at $60.8.

Another research firm weighing in recently was Credit Suisse maintaining their neutral stance with a target price of $65, which corresponds to an upside of 6.91% from the last closing price. On the date of report, the stock closed at $59.46.

A third research firm weighing in recently was SunTrust Robinson Humphrey maintaining their neutral stance with a target price of $56, which translates into a downside difference of -7.89% from the last closing price. On the day of report, the stock closed at $59.46.

Company Profile

Helmerich & Payne Inc (NYSE:HP) is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including customers in the Government, health and education sectors. Its operations are organized into seven segments: the Personal Systems Group (PSG), Services, the Imaging and Printing Group (IPG), Enterprise Servers, Storage and Networking (ESSN), HP Software, HP Financial Services (HPFS) and Corporate Investments. The Company’s offerings include personal computing and other access devices; multi-vendor customer services, including infrastructure technology and business process outsourcing, technology support and maintenance, application development and support services and consulting and integration services, and imaging and printing-related products and services. In January 2014, Qualcomm Inc acquired a patent portfolio from Hewlett-Packard Company.

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Alex Larose

Alex Larose

Alex Larose covers Large and Mid Cap stocks. He joined Markets Wired in 2013 and assumed lead coverage of the several sectors in early 2014.

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