Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Helmerich & Payne (HP) Stock Price

Press coverage about Helmerich & Payne (NYSE:HP) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Helmerich & Payne earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned media headlines about the oil and gas company an impact score of 46.8856767672852 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:

Shares of NYSE HP opened at $61.24 on Friday. The company has a market capitalization of $6.82 billion, a P/E ratio of -48.22 and a beta of 1.32. Helmerich & Payne has a 52 week low of $42.16 and a 52 week high of $75.02. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.97 and a quick ratio of 2.57.

Helmerich & Payne (NYSE:HP) last announced its quarterly earnings results on Wednesday, July 25th. The oil and gas company reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.04). The firm had revenue of $648.87 million during the quarter, compared to the consensus estimate of $617.06 million. Helmerich & Payne had a net margin of 19.70% and a negative return on equity of 0.37%. The company’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.25) EPS. equities analysts forecast that Helmerich & Payne will post 0.02 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 31st. Investors of record on Friday, August 17th will be paid a $0.71 dividend. This is a boost from Helmerich & Payne’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Thursday, August 16th. This represents a $2.84 annualized dividend and a dividend yield of 4.64%. Helmerich & Payne’s payout ratio is presently -220.47%.

Several equities analysts have weighed in on the company. Credit Suisse Group lifted their target price on Helmerich & Payne from $51.00 to $63.00 and gave the company a “market perform” rating in a research note on Friday, April 27th. B. Riley lifted their target price on Helmerich & Payne from $60.00 to $68.00 and gave the company a “hold” rating in a research note on Monday, April 30th. Susquehanna Bancshares set a $84.00 target price on Helmerich & Payne and gave the company a “buy” rating in a research note on Friday, April 27th. TheStreet cut Helmerich & Payne from a “b-” rating to a “c” rating in a research note on Thursday, April 26th. Finally, ValuEngine raised Helmerich & Payne from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $64.71.

Helmerich & Payne Company Profile

Helmerich & Payne, Inc primarily engages in drilling oil and gas wells for exploration and production companies. The company operates through U.S. Land, Offshore, and International Land segments. The U.S. Land segment drills primarily in Colorado, Louisiana, Ohio, Oklahoma, New Mexico, North Dakota, Pennsylvania, Texas, Utah, West Virginia, and Wyoming.

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