Helmerich & Payne, Inc. (HP): John W Lindsay , President & CEO of Helmerich & Payne, Inc. sold 19,000 shares on Jun 9, 2016. The Insider selling transaction was reported by the company on Jun 10, 2016 to the Securities and Exchange Commission. The shares were sold at $67.37 per share for a total value of $1,279,973.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 30, 2016, Juan Pablo Tardio (VP & CFO) sold 12,497 shares at $58.28 per share price.On Mar 22, 2016, Hans Helmerich (director) sold 40,000 shares at $60.88 per share price.Also, On Feb 29, 2016, Robert L. Stauder (Sr. VP, drilling subsidiary) sold 10,321 shares at $50.00 per share price.On Sep 28, 2015, Gordon K Helm (Vice President & Controller) purchased 4,000 shares at $47.01 per share price.
Shares of Helmerich & Payne (HP) ended Thursday, Jun 9, 2016 session in red amid volatile trading. The shares closed down -0.12 points or -0.18% at $67.24 with 13,95,072 shares getting traded. Post opening the session at $66.47, the shares hit an intraday low of $65.4 and an intraday high of $67.6 and the price vacillated in this range throughout the day. The company has a market cap of $7,265 M and the number of outstanding shares has been calculated to be 10,80,39,174 shares. The 52-week high of Helmerich & Payne is $75.25 and the 52-week low is $40.02.
Company has been under the radar of several Street Analysts.Helmerich & Payne is Downgraded by Credit Suisse to Underperform. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Jun 1, 2016.Helmerich & Payne is Reiterated by Cowen to Market Perform and the brokerage firm has raised the Price Target to $ 58 from a previous price target of $54 .The Rating was issued on May 3, 2016.Helmerich & Payne is Downgraded by Scotia Howard Weil to Sector Perform. Earlier the firm had a rating of Sector Outperform on the company shares. The Rating was issued on May 3, 2016.Helmerich & Payne is Downgraded by FBR Capital to Mkt Perform and the brokerage firm has set the Price Target at $66. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 29, 2016.Helmerich & Payne is Downgraded by JP Morgan to Underweight. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 15, 2016.
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 business segments: U.S. Land Offshore and International Land. Its U.S. Land segment operates drilling operations in Oklahoma California Texas Wyoming Colorado Louisiana Mississippi Pennsylvania Ohio Utah New Mexico Montana North Dakota West Virginia and Nevada. Its offshore operations are conducted in the Gulf of Mexico and Equatorial Guinea. Its International Land segment operates in seven international locations including Ecuador Colombia Argentina Tunisia Bahrain the United Arab Emirates and Mozambique. The Company is also engaged in the ownership development and operation of commercial real estate and the research and development of rotary steerable technology.