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Seaport Global Securities downgraded Helmerich & Payne, Inc. (NYSE:HP) to Sell in a report released today.

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

Seaport Global Securities has downgraded Helmerich & Payne, Inc. (NYSE:HP) to Sell in a report released on Wednesday June 21, 2017.

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Helmerich & Payne, Inc. (NYSE:HP)

Helmerich & Payne, Inc. has a 52 week low of $42.16 and a 52 week high of $85.78 The company’s market cap is currently $0.

In addition to Seaport Global Securities reporting its target price, a total of 28 firms have reported on HP. The one year target is $58.04 with 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 lastly 1 broker rating the stock a sell.

General Information 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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