Ct Mason buys $6,304,510 stake in Helmerich & Payne (HP)

Helmerich & Payne (HP) : Ct Mason scooped up 43,358 additional shares in Helmerich & Payne during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 8, 2016. The investment management firm now holds a total of 94,876 shares of Helmerich & Payne which is valued at $6,304,510.Helmerich & Payne makes up approximately 2.63% of Ct Mason’s portfolio.

Other Hedge Funds, Including , Next Financial Group Inc boosted its stake in HP in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 1,523 shares of Helmerich & Payne which is valued at $101,203. Helmerich & Payne makes up approx 0.03% of Next Financial Group Inc’s portfolio.Curian Capital reduced its stake in HP by selling 25,179 shares or 83.37% in the most recent quarter. The Hedge Fund company now holds 5,021 shares of HP which is valued at $333,645. Helmerich & Payne makes up approx 0.02% of Curian Capital’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in HP in the latest quarter, The investment management firm added 1,560 additional shares and now holds a total of 39,150 shares of Helmerich & Payne which is valued at $2,601,518. Helmerich & Payne makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

Helmerich & Payne closed down -1.05 points or -1.50% at $68.72 with 15,43,128 shares getting traded on Wednesday. Post opening the session at $69.7, the shares hit an intraday low of $67.67 and an intraday high of $70 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Helmerich & Payne reported $0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.43 according to the earnings call on May 2, 2016. Analyst had a consensus of $-0.24. The company had revenue of $438.00 million for the quarter, compared to analysts expectations of $407.10 million. The company’s revenue was down -50.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.37 EPS.

Many Wall Street Analysts have commented on Helmerich & Payne. Helmerich & Payne was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Jun 21, 2016. Helmerich & Payne was Downgraded by Credit Suisse to ” Underperform” on Jun 1, 2016. Company shares were Reiterated by Cowen on May 3, 2016 to “Market Perform”, Firm has raised the Price Target to $ 58 from a previous price target of $54 .

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.

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