Helmerich & Payne (HP) Is a Company that JPMorgan Seems to Like as Upgrade in Given

September 15, 2018 - By Jeanette Kaplan

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

Investors sentiment increased to 1.07 in Q2 2018. Its up 0.14, from 0.93 in 2018Q1. It is positive, as 36 investors sold Helmerich & Payne, Inc. shares while 155 reduced holdings. 71 funds opened positions while 134 raised stakes. 97.20 million shares or 4.29% less from 101.56 million shares in 2018Q1 were reported.

Alphamark Advsr Ltd Llc holds 0.03% in Helmerich & Payne, Inc. (NYSE:HP) or 1,286 shares. Thompson Davis holds 125 shares or 0.02% of its portfolio. Sprott invested in 155,749 shares or 2.03% of the stock. Hall Laurie J Trustee holds 0.01% or 170 shares. Anchor Bolt Lp owns 183,298 shares for 0.51% of their portfolio. Strs Ohio owns 0% invested in Helmerich & Payne, Inc. (NYSE:HP) for 7,122 shares. San Francisco Sentry Inv (Ca) holds 0% or 64 shares. Lmr Ptnrs Ltd Liability Partnership owns 15,040 shares or 0.05% of their US portfolio. Prudential Financial has 0.03% invested in Helmerich & Payne, Inc. (NYSE:HP). Blume Cap Management stated it has 400 shares. Kentucky Retirement System has 4,623 shares. Destination Wealth Management has invested 0.01% in Helmerich & Payne, Inc. (NYSE:HP). Pictet Asset Ltd holds 0.01% or 56,992 shares in its portfolio. Neuberger Berman Grp Inc Ltd Limited Liability Company invested in 0.04% or 565,187 shares. Tortoise Cap Ltd reported 0% of its portfolio in Helmerich & Payne, Inc. (NYSE:HP).

Since March 29, 2018, it had 0 insider buys, and 3 sales for $4.81 million activity. 3,820 shares were sold by Stauder Robert L., worth $264,718 on Wednesday, May 9.

Helmerich & Payne (HP) Stock Upgrade

JPMorgan raised shares of Helmerich & Payne (HP) from a “Underweight” rating to a solid “Neutral” in an analyst report sent to investors and clients on today.

The stock increased 0.86% or $0.56 during the last trading session, reaching $65.31. About 1.06 million shares traded. Helmerich & Payne, Inc. (HP) has risen 36.96% since September 15, 2017 and is uptrending. It has outperformed by 21.34% the S&P500.

Analysts await Helmerich & Payne, Inc. (NYSE:HP) to report earnings on November, 15. They expect $0.13 earnings per share, up 200.00 % or $0.26 from last year’s $-0.13 per share. HP’s profit will be $14.16M for 125.60 P/E if the $0.13 EPS becomes a reality. After $-0.01 actual earnings per share reported by Helmerich & Payne, Inc. for the previous quarter, Wall Street now forecasts -1,400.00 % EPS growth.

Helmerich & Payne, Inc. engages in the contract drilling of gas and oil wells. The company has market cap of $7.12 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 15.76 P/E ratio. The firm operates through three divisions: U.S.

More important recent Helmerich & Payne, Inc. (NYSE:HP) news were published by: Fool.com which released: “3 Reasons HP Inc Is a Buy” on August 29, 2018, also Livetradingnews.com published article titled: “Helmerich & Payne, Inc. (NYSE:HP) Reaches Analyst Target Price”, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For September 14, 2018” on September 14, 2018. More interesting news about Helmerich & Payne, Inc. (NYSE:HP) was released by: Benzinga.com and their article: “10 Biggest Price Target Changes For Friday” with publication date: September 14, 2018.

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

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