Helmerich & Payne Inc (NYSE:HP) Sentiment Drops in Q1 2018

July 16, 2018 - By Mary Kidd

Helmerich & Payne, Inc. (NYSE:HP) Logo

Sentiment for Helmerich & Payne Inc (NYSE:HP)

Helmerich & Payne Inc (NYSE:HP) institutional sentiment decreased to 0.93 in Q1 2018. Its down -0.03, from 0.96 in 2017Q4. The ratio dropped, as 190 investment professionals opened new and increased equity positions, while 205 sold and decreased their positions in Helmerich & Payne Inc. The investment professionals in our partner’s database now have: 101.56 million shares, down from 112.80 million shares in 2017Q4. Also, the number of investment professionals holding Helmerich & Payne Inc in their top 10 equity positions increased from 7 to 8 for an increase of 1. Sold All: 37 Reduced: 168 Increased: 115 New Position: 75.

Helmerich & Payne, Inc. engages in the contract drilling of gas and oil wells. The company has market cap of $6.77 billion. It provides drilling rigs, equipment, personnel, and camps on a contract basis to explore for and develop gas and oil from onshore areas and from fixed platforms, tension-leg platforms, and spars in offshore areas. It has a 15.46 P/E ratio. The firm operates through three divisions: U.S.

The stock decreased 3.63% or $2.34 during the last trading session, reaching $62.16. About 588,310 shares traded. Helmerich & Payne, Inc. (NYSE:HP) has risen 23.74% since July 16, 2017 and is uptrending. It has outperformed by 11.17% the S&P500.

Analysts await Helmerich & Payne, Inc. (NYSE:HP) to report earnings on July, 26 before the open. They expect $0.03 EPS, up 116.67 % or $0.21 from last year’s $-0.18 per share. HP’s profit will be $3.27 million for 518.00 P/E if the $0.03 EPS becomes a reality. After $-0.05 actual EPS reported by Helmerich & Payne, Inc. for the previous quarter, Wall Street now forecasts -160.00 % EPS growth.

Arosa Capital Management Lp holds 6.53% of its portfolio in Helmerich & Payne, Inc. for 706,472 shares. Oppenheimer & Close Llc owns 92,653 shares or 5.88% of their US portfolio. Moreover, Energy Opportunities Capital Management Llc has 4.54% invested in the company for 85,248 shares. The California-based Beddow Capital Management Inc has invested 3.98% in the stock. Grace & White Inc Ny, a New York-based fund reported 198,637 shares.

Since January 1, 0001, it had 0 buys, and 4 sales for $5.10 million activity.

Helmerich & Payne, Inc. (NYSE:HP) Ratings Coverage

Ratings analysis reveals 29% of Helmerich & Payne’s analysts are positive. Out of 14 Wall Street analysts rating Helmerich & Payne, 4 give it “Buy”, 3 “Sell” rating, while 7 recommend “Hold”. The lowest target is $50.0 while the high is $87. The stock’s average target of $66.45 is 6.90% above today’s ($62.16) share price. HP was included in 17 notes of analysts from January 25, 2018. The firm has “Buy” rating given on Friday, April 27 by Susquehanna. The firm has “Neutral” rating given on Monday, April 30 by B. Riley & Co. As per Thursday, January 25, the company rating was maintained by Jefferies. On Monday, January 29 the stock rating was downgraded by Bernstein to “Market Perform”. The firm has “Market Perform” rating given on Wednesday, April 11 by Wells Fargo. The stock has “Sell” rating by BMO Capital Markets on Friday, January 26. The firm has “Buy” rating given on Friday, March 9 by Susquehanna. Jefferies upgraded the shares of HP in report on Tuesday, June 19 to “Buy” rating. The stock has “Hold” rating by RBC Capital Markets on Thursday, January 25. The stock of Helmerich & Payne, Inc. (NYSE:HP) has “Sell” rating given on Monday, February 12 by Seaport Global.

More news for Helmerich & Payne, Inc. (NYSE:HP) were recently published by: Fool.com, which released: “3 Beaten-up Energy Stocks: Are They Bargains?” on July 16, 2018. Globenewswire.com‘s article titled: “Helmerich & Payne, Inc. Announces the Appointment of New Director” and published on July 03, 2018 is yet another important article.

Helmerich & Payne, Inc. (NYSE:HP) Institutional Positions Chart

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