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Morgan Stanley downgraded Helmerich & Payne, Inc. (NYSE:HP) to Underweight in a report released today.

Just yesterday Helmerich & Payne, Inc. (NYSE:HP) traded 0.82% higher at $53.47. Helmerich & Payne, Inc.’s 50-day moving average is $46.17 and its 200-day moving average is $56.52. The last stock price is down -11.20% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. 2,320,426 shares of HP traded hands, up from an average trading volume of 2,129,620

Morgan Stanley has downgraded Helmerich & Payne, Inc. (NYSE:HP) to Underweight in a report released on 06/21/2017.

Recent Performance Chart

Helmerich & Payne, Inc. (NYSE:HP)

Helmerich & Payne, Inc. has 52 week low of $42.16 and a one year high of $85.78 and has a total market value of $0.

A total of 28 equity analysts have released a ratings update on HP. Four equity analysts rating the company a strong buy, six equity analysts rating the company a buy, fourteen equity analysts rating the company a hold, seven equity analysts rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of $58.04.

Brief Synopsis About Helmerich & Payne, Inc. (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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