Helmerich & Payne Inc. (NYSE:HP) CEO John W. Lindsay sold 15,000 shares of the company’s stock in a transaction on Friday, September 30th. The stock was sold at an average price of $67.45, for a total transaction of $1,011,750.00. Following the sale, the chief executive officer now directly owns 141,512 shares of the company’s stock, valued at approximately $9,544,984.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Helmerich & Payne Inc. (NYSE:HP) opened at 67.47 on Tuesday. Helmerich & Payne Inc. has a 52 week low of $40.02 and a 52 week high of $70.28. The stock’s market capitalization is $7.29 billion. The firm has a 50-day moving average of $61.21 and a 200 day moving average of $62.10.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings results on Thursday, July 28th. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.41) by $0.06. The business earned $366.50 million during the quarter, compared to analysts’ expectations of $298.71 million. Helmerich & Payne had a negative net margin of 0.28% and a negative return on equity of 1.38%. The firm’s quarterly revenue was down 44.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.27 EPS. On average, analysts anticipate that Helmerich & Payne Inc. will post ($1.16) EPS for the current year.

Several hedge funds have recently modified their holdings of HP. Aperio Group LLC boosted its stake in shares of Helmerich & Payne by 8.3% in the first quarter. Aperio Group LLC now owns 73,447 shares of the company’s stock worth $4,313,000 after buying an additional 5,604 shares during the last quarter. Pacad Investment Ltd. purchased a new stake in shares of Helmerich & Payne during the first quarter worth about $1,093,000. TIAA CREF Investment Management LLC boosted its stake in shares of Helmerich & Payne by 16.4% in the first quarter. TIAA CREF Investment Management LLC now owns 483,398 shares of the company’s stock worth $28,385,000 after buying an additional 68,000 shares during the last quarter. Teachers Advisors Inc. boosted its stake in shares of Helmerich & Payne by 62.2% in the first quarter. Teachers Advisors Inc. now owns 154,824 shares of the company’s stock worth $9,091,000 after buying an additional 59,352 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of Helmerich & Payne by 22.6% in the first quarter. Prudential Financial Inc. now owns 162,817 shares of the company’s stock worth $9,561,000 after buying an additional 30,060 shares during the last quarter.

A number of equities research analysts recently issued reports on the stock. Argus lowered shares of Helmerich & Payne from a “buy” rating to a “hold” rating in a report on Thursday, September 15th. DA Davidson assumed coverage on shares of Helmerich & Payne in a report on Thursday, September 15th. They issued a “buy” rating and a $72.00 price objective for the company. Citigroup Inc. dropped their price objective on shares of Helmerich & Payne from $66.00 to $63.00 and set a “neutral” rating for the company in a report on Monday, September 12th. Morgan Stanley raised shares of Helmerich & Payne from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $70.00 to $80.00 in a report on Tuesday, September 6th. Finally, Jefferies Group reissued a “sell” rating on shares of Helmerich & Payne in a report on Tuesday, August 30th. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $60.79.

About Helmerich & Payne

Helmerich & Payne, Inc is engaged in contract drilling of oil and gas wells for others. The Company operates in the contract drilling industry. The Company’s contract drilling business consists of three segments: U.S. Land, Offshore and International Land. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology.

5 Day Chart for NYSE:HP

Receive News & Stock Ratings for Helmerich & Payne Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helmerich & Payne Inc. and related stocks with our FREE daily email newsletter.