Helmerich & Payne, Inc. (NYSE:HP) registered a -1.45% decrease, still its new closing price is 63.65% up from the company’s 1 year high of 85.78.It posted -6.71% losses in previous 5 sessions and is now the subject of 19 analysts who together assign a hold rating on stock. 6 of Wall Street analysts have an underperform rating; the 2 sells versus 3 buy or better ratings. The 34 stock analysts following this company have an average price target at $70.27, with individual PT in the $42.00-$91.00 range. The shares moved at $70.07, implying that brokerage firms see shares gaining about 48.97% in twelve months time.
Helmerich & Payne, Inc. (HP) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -9.47% fall year to date. A Sr. VP, drilling subsidiary at Helmerich & Payne, Inc. (HP) offloaded shares in a transaction closed on Thursday December 29, 2016. Stauder Robert L. sold 7,807 shares in the company at $77.76 each and collected $607,000 in proceeds. Stauder Robert L. now owns 14,936 shares in the company after this transaction. A President & CEO in the company, LINDSAY JOHN W, disclosed a transaction on Monday December 12, 2016 that ended up generating $2,084,000 from the sale of 25,000 shares at $83.36 per share.
Helmerich & Payne, Inc. (NYSE:HP) Upcoming Results on Tap
Helmerich & Payne, Inc. will next provide financial results for the December 2017 quarter. Stock analysts expect it to report per-share earnings of $-0.09 in that period. Sales during the quarter are predicted to arrive at $469.27 million.
Earnings surprise history: Last quarter, the company posted approximately $368.59 million in revenue and EPS of $-0.41. The mean forecast was for $334.71 million and $-0.36 a share, respectively. One quarter earlier, revenue for the stock was at $298.2 million, with earnings at $-0.33/share.
Helmerich & Payne, Inc. (HP) Brokerage Update
Helmerich & Payne, Inc. (HP) is in Argus’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Hold by Argus, according to news reported on Monday January 09, 2017.Another important research note was issued by RBC Capital Mkts on Friday December 16, 2016.The firm downgraded HP to Sector Perform from Outperform. Over the last six months and over the last three months, the shares of Helmerich & Payne, Inc. (HP), have changed 13.69% and 11.28%, respectively.