Helmerich & Payne (HP) Getting Somewhat Favorable Press Coverage, Analysis Shows

Media stories about Helmerich & Payne (NYSE:HP) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Helmerich & Payne earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news articles about the oil and gas company an impact score of 46.2051977224695 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the news articles that may have impacted Accern Sentiment’s rankings:

Helmerich & Payne (NYSE HP) traded up $0.45 on Tuesday, reaching $71.57. 1,588,021 shares of the company traded hands, compared to its average volume of 1,901,020. The stock has a market capitalization of $7,770.00, a PE ratio of -60.14 and a beta of 1.30. Helmerich & Payne has a 52 week low of $42.16 and a 52 week high of $81.20. The company has a quick ratio of 3.19, a current ratio of 3.59 and a debt-to-equity ratio of 0.12.

Helmerich & Payne (NYSE:HP) last posted its earnings results on Thursday, November 16th. The oil and gas company reported ($0.14) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.05. Helmerich & Payne had a negative net margin of 7.16% and a negative return on equity of 2.96%. The company had revenue of $532.30 million during the quarter, compared to analysts’ expectations of $493.78 million. During the same period last year, the company posted ($0.33) earnings per share. Helmerich & Payne’s quarterly revenue was up 60.5% on a year-over-year basis. analysts anticipate that Helmerich & Payne will post -0.38 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Monday, February 12th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, February 9th. This represents a $2.80 annualized dividend and a yield of 3.91%. Helmerich & Payne’s dividend payout ratio (DPR) is currently -235.29%.

Several research firms have weighed in on HP. Zacks Investment Research downgraded shares of Helmerich & Payne from a “hold” rating to a “sell” rating in a research report on Monday. UBS Group cut shares of Helmerich & Payne from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a research note on Friday, January 12th. Stephens began coverage on shares of Helmerich & Payne in a research note on Tuesday, January 9th. They issued an “equal weight” rating and a $67.00 price objective for the company. Citigroup raised shares of Helmerich & Payne from a “sell” rating to a “neutral” rating in a research note on Thursday, January 4th. Finally, Jefferies Group set a $65.00 price objective on shares of Helmerich & Payne and gave the stock a “hold” rating in a research note on Thursday, January 4th. Eight investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $55.04.

In other Helmerich & Payne news, Director Chapman Paula Marshall sold 2,555 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $57.80, for a total transaction of $147,679.00. Following the completion of the transaction, the director now owns 12,525 shares in the company, valued at $723,945. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.23% of the stock is owned by company insiders.

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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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