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Helmerich and Payne (NYSE: HP)The joint stock company, in its report issued on Sunday, October 21, had its "sell" award, issued by research analysts at BMO Capital Markets. They currently have a price target of USD 62 at the price of oil and gas companies. The BMO Capital Markets pricing target indicates a potential downside of 3.40% from a prior stock closure.
Several other brokers also recently commented on HP. ValuEngine downgraded Helmerich & Payne's rating rating to "hold" in a survey on Monday, July 16. The Jefferies Financial Group has raised Helmerich & Payne's rating rating to "buy" in a research report Wednesday, June 27th. Zacks' investment research has helper Helmerich & Payne from a "hold" rating to a "buy" rating and set a price target of $ 81.00 for the company in a research report Tuesday, Oct. 9. B. Riley set a $ 83.00 price target for Helmerich & Payne and on Sunday, 7 October, gave the company a "buy" rating in a research report. Finally, JPMorgan Chase & Co. increased Helmerich & Payne's rating from a "underweight" rating rating to a "neutral" rating and raised its pricing target for the company from $ 49.00 to $ 58.00 in a research report Friday, September 14. Analysts of the three stocks rated the deal with a sell-out rating, nine rated the rating, and twelve companies issued a rating. The company currently has an average "Hold" rating and an average target price of $ 72.00.
HP shares traded on US $ 0.38 in trading hours on Friday, reaching $ 64.18. The company's share had a volume of trades of 857,988 shares compared to an average of 1,415,803 shares. The company has a market capitalization of $ 6.64 billion, a price / yield ratio of -50.54 and a beta version of 1.30. Helmerich & Payne has a one-year minimum of $ 52.53 and a one-year high of $ 75.02. The company has a ratio of debt to equity of 0.11, a current ratio of 2.97 and a fast ratio of 2.57.
In other news, Chief Executive Officer John W. Lindsay sold 30,000 stock shares in a transaction that took place on Monday, October 1. The shares were sold at an average price of US $ 70.00, with a total value of US $ 2,100,000.00. The transaction was disclosed in a legal tender with the Securities and Exchange Commission available through this link. Also, Chapman Director Paul Marshall sold 11,309 stock shares in a transaction that took place on Friday 14 September. The shares were sold at an average price of US $ 65.13 for a total of US $ 736,555.17. Upon completion of the sale, the director directly owns 14,874 shares of the company, which is worth $ 968,743.62. You can find this sale here. 4.10% of shares are owned by entrepreneurs.
Several institutional investors and hedge funds have recently bought and sold shares in the company. Front Barnett Associates LLC strengthened its position in Helmerich & Payne by 0.8% in the second quarter. Leading company Barnett Associates LLC now owns 123,087 shares of the oil and gas company, worth $ 7,788,000, after the acquisition of another 990 shares during this period. Gabelli Funds LLC increased its 2.39% stake in Helmerich & Payne in the second quarter. Gabelli Funds LLC now owns 35,000 stocks of oil and gas companies worth $ 2,232,000 after buying more 1,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Helmerich & Payne by 3.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,204 stocks of oil and gas companies worth USD 1,735,000 after buying another 1,000 shares in the last quarter. US Bancorp DE raised its stake in Helmerich & Payne by 0.5% in the second quarter. US Bancorp DE now owns 191,620 shares of the oil and gas company, worth $ 12,218,000, after buying 1011 more shares in the last quarter. Eventually, GWM Advisors LLC increased its share of Helmerich & Payne by 23.0% in the third quarter. GWM Advisors LLC now owns 6,374 shares of the oil and gas company, worth $ 438,000, after buying 1,191 shares in the last quarter. 92.17% of shares are held by institutional investors.
About Helmerich & Payne
Helmerich & Payne, Inc. is mainly concerned with drilling oil and gas wells for exploration and production companies. The company operates through US land, offshore and international land segments. The American segment of the Earth focuses primarily on Colorado, Louisiana, Ohio, Oklahoma, New Mexico, North Dakota, Pennsylvania, Texas, Utah, West Virginia and Wyoming.
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