Economy

Analysts are on the Bearish side about Helmerich & Payne, Inc

Analysts are on the Bearish side about Helmerich & Payne, Inc”

The Dynamic Capital Management Ltd holds 98,819 shares with $7.65M value, up from 45,988 last quarter. Shareholders of record on Friday, August 18th will be paid a dividend of $0.70 per share. About 95,128 shares traded. Willis Lease Finance Corporation (WLFC) has risen 6.47% since August 27, 2016 and is uptrending. It has underperformed by 81.34% the S&P500.The move comes after 6 months positive chart setup for the $68.84M company.

Among 32 analysts covering Helmerich & Payne (NYSE:HP), 9 have Buy rating, 8 Sell and 15 Hold. Therefore 28% are positive. Helmerich & Payne had a negative net margin of 11.19% and a negative return on equity of 3.37%.

On 08/24/2017 close, Helmerich & Payne, Inc. The rating was maintained by BMO Capital Markets on Wednesday, June 21 with "Sell". The firm has "Hold" rating by Cowen & Co given on Friday, July 7. The stock has "Hold" rating by Tudor Pickering on Friday, March 24. (NYSE:HP) has "Market Perform" rating given on Friday, April 29 by FBR Capital. Guggenheim upgraded Helmerich & Payne, Inc. The rating was initiated by Bank of America on Monday, June 13 with "Buy". Credit Suisse Group reaffirmed a "hold" rating and set a $63.00 price objective on shares of Helmerich & Payne in a research report on Tuesday, May 2nd. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology. More interesting news about Helmerich & Payne, Inc. The stock declined 2.81% or $1.26 reaching $43.52 per share. A total volume of 2.23 million shares were traded versus to average volume of 2.2 million shares. (NYSE:HP) has risen 4.51% since August 28, 2016 and is uptrending. It has underperformed by 12.19% the S&P500.

Since March 10, 2017, it had 1 insider buy, and 0 selling transactions for $133,675 activity. Petrie Thomas A. also bought $133,675 worth of Helmerich & Payne, Inc.

Investors sentiment decreased to 0.93 in Q4 2016. Its down 0.17, from 1.25 in 2016Q3. (NYSE:HP). Retirement Of Alabama invested in 0.02% or 52,772 shares.

Several other hedge funds have also recently made changes to their positions in HP. Jefferies Group LLC raised shares of Helmerich & Payne from an "underperform" rating to a "hold" rating and cut their price objective for the company from $55.00 to $54.00 in a research report on Wednesday, May 3rd. Ltd. increased its position in shares of Helmerich & Payne by 4.3% in the first quarter. (HP) stock price comparison to its moving averages, shares of company are -14.68% away from the 50-day moving average and -5.82% away from 20-day average. Now have a look at past performance (weekly performance to year to date performance) how Helmerich & Payne, Inc. Comerica Savings Bank invested in 44,340 shares or 0.03% of the stock. Lmr Llp holds 9,800 shares or 0.12% of its portfolio. Jane Street Gru Llc owns 46,664 shares or 0.02% of their USA portfolio. Over the last five days, shares have managed 0.55% gains and now is down -31.82% since hitting its 200-day moving average of $58.82. (NYSE:HP). The Colorado-based Arrowpoint Asset Mngmt Limited Liability has invested 0.04% in Helmerich & Payne, Inc. (NYSE:HP) plummeted -0.74% to $44.19. Amica Mutual Ins Co has 0.05% invested in Helmerich & Payne, Inc. (NYSE:HP). Blackrock Fund Advsrs reported 6.08 million shares or 0.09% of all its holdings. Finally, Advisory Services Network LLC purchased a new position in shares of Helmerich & Payne during the first quarter worth approximately $319,000. Its down 7.72% from 4.91M shares previously. Paloma Partners Management Communications reported 48,998 shares. The company's market capitalization is $4.86 billion. The Company operates in the contract drilling industry. It now has negative earnings. The Company's contract drilling business consists of three divisions: U.S. Wall Street is only getting more bearish on the stock, with 5 of analysts who cover HP having a buy-equivalent rating. AT&T Inc. had 53 analyst reports since July 27, 2015 according to SRatingsIntel. Helmerich & Payne now has a consensus rating of "Hold" and an average target price of $56.77.

The company's consensus rating on Reuter's scale slipped from 2.4 to 2.33 during a month. Finally, BidaskClub downgraded shares of Helmerich & Payne from a "sell" rating to a "strong sell" rating in a research note on Friday, July 28th. The firm has "Underweight" rating by Jefferies given on Monday, July 11. The rating was maintained by UBS on Tuesday, September 15 with "Buy". The firm owned 23,436 shares of the oil and gas company's stock after buying an additional 2,009 shares during the period.

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