Helmerich & Payne, Inc. (NYSE:HP) added 11.96% and closed its last session at $75.65. The stock has the market capitalization of $8.18 Billion with the total outstanding shares of 108.07 Million. Helmerich & Payne, Inc.. has Analysts’ Mean Recommendation of 2.7 between the scale of 1 to 5 (1 represents Strong Buy and 5 means Sell). The stock currently has P/E of 0 for trailing twelve months while its Forward P/E is 0.
Helmerich & Payne, Inc. (NYSE:HP) touched its 52-Week High of $76.16 on Nov 30, 2016 while it’s 52-Week Low of $40.02 on Jan 20, 2016. The company currently has Return on Assets of -0.8 percent, Return on Equity of -1.2% and Return on Investment of -0.1 percent. The stock currently showing Weekly Volatility of 3.78%% and Monthly Volatility of 3.16% Percent with Average True Range of 2.33 and Beta of 1.13.
The 28 analysts offering 12-month price forecasts for Helmerich and Payne Inc have a median target of 62.50, with a high estimate of 83.00 and a low estimate of 39.00. The median estimate represents a -17.38% decrease from the last price of 75.65.
The Company on 17 November reported a net loss of $57 million (negative $0.54 per diluted share) from operating revenues of $1.6 billion for its fiscal year ended September 30, 2016, compared to net income of $420 million1 ($3.85 per diluted share) from operating revenues of $3.2 billion for its prior fiscal year ended September 30, 2015. Included in net income (loss) per diluted share for fiscal 2016 and fiscal 2015 are approximately $0.54 and $0.86, respectively, in after-tax income related to a combination of select items as described in a separate section of this press release. Select items, among others, include long-term contract early termination compensation, lawsuit settlement charges, losses from the impairment of a position in the Company’s portfolio of marketable securities, and abandonment charges.
Net loss for the fourth fiscal quarter of 2016 was $73 million (negative $0.68 per diluted share) from operating revenues of $332 million. Included in net loss per diluted share corresponding to this year’s fourth fiscal quarter are approximately $0.35 in after-tax losses related to a combination of select items as described in a separate section of this press release.
Helmerich & Payne, Inc. is primarily engaged in the exploration, production, and sale of crude oil and natural gas and in contract drilling of oil and gas wells for others. These activities account for the major portion of its operating revenues. The company is also engaged in the ownership, development, and operation of commercial real estate.