Helmerich & Payne (HP) Earns News Impact Score of 0.15

News articles about Helmerich & Payne (NYSE:HP) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Helmerich & Payne earned a news impact score of 0.15 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 46.071941712142 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

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

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A number of brokerages have recently commented on HP. Zacks Investment Research downgraded Helmerich & Payne from a “buy” rating to a “hold” rating in a research note on Wednesday, March 28th. Morgan Stanley upped their target price on Helmerich & Payne from $56.00 to $60.00 and gave the stock an “underweight” rating in a research note on Wednesday. Stephens began coverage on Helmerich & Payne in a research note on Tuesday, January 9th. They issued an “equal weight” rating and a $67.00 target price on the stock. ValuEngine upgraded Helmerich & Payne from a “sell” rating to a “hold” rating in a research note on Thursday, March 22nd. Finally, Sanford C. Bernstein downgraded Helmerich & Payne from an “outperform” rating to a “market perform” rating in a research note on Monday, January 29th. Six research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $57.20.

NYSE HP traded up $0.54 during trading hours on Friday, reaching $73.05. The company’s stock had a trading volume of 1,314,904 shares, compared to its average volume of 1,464,769. The stock has a market capitalization of $7,893.93, a price-to-earnings ratio of -57.52 and a beta of 1.33. Helmerich & Payne has a 1-year low of $42.16 and a 1-year high of $75.02. The company has a current ratio of 3.28, a quick ratio of 2.89 and a debt-to-equity ratio of 0.11.

Helmerich & Payne (NYSE:HP) last announced its earnings results on Thursday, January 25th. The oil and gas company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.14. Helmerich & Payne had a negative return on equity of 1.90% and a net margin of 20.30%. The business had revenue of $564.10 million during the quarter, compared to analysts’ expectations of $547.64 million. During the same quarter in the prior year, the firm earned ($0.33) earnings per share. The business’s revenue was up 53.0% compared to the same quarter last year. equities analysts predict that Helmerich & Payne will post 0.02 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 18th will be issued a dividend of $0.70 per share. The ex-dividend date is Thursday, May 17th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.83%. Helmerich & Payne’s payout ratio is currently -220.47%.

In other Helmerich & Payne news, CFO Juan Pablo Tardio sold 10,880 shares of the stock in a transaction that occurred on Thursday, March 29th. The stock was sold at an average price of $65.90, for a total transaction of $716,992.00. Following the completion of the transaction, the chief financial officer now owns 16,628 shares of the company’s stock, valued at $1,095,785.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Chapman Paula Marshall sold 4,122 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $71.40, for a total value of $294,310.80. Following the transaction, the director now directly owns 16,647 shares of the company’s stock, valued at approximately $1,188,595.80. The disclosure for this sale can be found here. 4.10% of the stock is owned by corporate insiders.

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About Helmerich & Payne

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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