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Stock Insights on Helmerich & Payne Inc (NYSE:HP)

July 15
08:28 2015

[Globe Newswire] Helmerich & Payne Inc (NYSE:HP) In conjunction with Helmerich & Payne, Inc.’s (HP) third quarter earnings release, you are invited to listen to its conference call that will be broadcast live over the Internet on Thursday, July 30, 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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Helmerich & Payne Inc (NYSE:HP) stock is currently trading 44.15% below its 52-week-high, 22.11% above its 52-week-low. The 1-year stock price history is in the range of $54 – $118.07. Helmerich & Payne Inc (HP) has a price to earnings ratio of 10.13 versus Basic Materials sector average of 39.76. HP stock price has underperformed the S&P 500 by 2.3%. The Oil & Gas Drilling company is currently valued at $7.1 billion and its share price closed the last trading session at $65.94. The stock has a 50-day moving average of $70.97 and a 200-day moving average of $69.42.

Helmerich & Payne Inc (HP) current short interest stands at 11.69 million shares. It has increased by 9% 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 2.07 million shares, the number of days required to cover the short positions stand at 5.7 days.

The company is expected to announce next quarter earnings on July 30, at consensus estimate of $0.18. Helmerich & Payne Inc (HP) reported last quarter earnings on April 23. The Oil & Gas Drilling company announced earnings per share of $0.96 against a consensus Street estimate of $0.79, beating the average estimate by $0.17. This corresponds to a decrease of $0.8 compared to the same quarter of the previous fiscal year.

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There are currently thirty-two analysts that cover Helmerich & Payne Inc stock. Of those thirty-two, thirteen have a Buy rating, fifteen have a Hold rating and four have a Sell rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $72.17.

A recent analyst activity consisted of Citigroup reiterating their Sell stance on July 8. Citigroup decreased price target from $70 to $61. This corresponds to a 7.49% downside from the last closing price. On the date of report, the stock closed at $63.68.

Jefferies reiterated their Hold stance on June 30, and decreased their price target from $71 to $68. This corresponds to a 3.12% upside from the last closing price. On the date of report, the stock closed at $70.42.

Another research firm was JP Morgan who initiated their coverage on the stock with Underweight rating on May 29. JP Morgan fixed their price target at $63. This translates to a 4.46% downside from the last closing price. On the date of report, the stock closed at $72.99.

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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David Victor

David Victor

David Victor joined Markets Wired in 2013 and covers retail and US Packaged Foods industries. Previously Dave was a sell-side contributor at Morningstar.

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