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Helmerich & Payne (NYSE:HP) has been downgraded from Market Perform to Underperform in a statement by Wells Fargo earlier today.

Having a price of $52.86, Helmerich & Payne (NYSE:HP) traded -0.50% lower on the day. With the last close down -24.14% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.05% over the same period. HP has recorded a 50-day average of $52.55 and a two hundred day average of $60.88. Trade Volume was down over the average, with 1,659,801 shares of HP changing hands under the typical 2,278,630

Wells Fargo has downgraded Helmerich & Payne (NYSE:HP) from Market Perform to Underperform in a statement released on 7/07/2017.

Recent Performance Chart

Helmerich & Payne (NYSE:HP)

Helmerich & Payne has with a one year low of $46.00 and a one year high of $85.78 and has a market capitalization of $0.

A total of 28 analysts have released a report on Helmerich & Payne. Four analysts rating the company a strong buy, six analysts rating the company a buy, fourteen analysts rating the company a hold, seven analysts rating the company a underperform, and finally one analyst rating the company a sell with a 12-month price target of $58.04.

General Company Details For Helmerich & Payne (NYSE:HP)

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. Its real estate investments are located within Tulsa, Oklahoma, and include a shopping center containing approximately 441,000 leasable square feet, multi-tenant industrial warehouse properties containing approximately one million leasable square feet and approximately 210 acres of undeveloped real estate. The Company provides drilling rigs, equipment, personnel and camps on a contract basis. The Company's subsidiaries include Helmerich & Payne International Drilling Co. and Helmerich & Payne de Venezuela, C.A.

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