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Wells Fargo & Company downgraded Helmerich & Payne, Inc. (NYSE:HP) to Underperform in a report released today.

Wells Fargo & Company has downgraded Helmerich & Payne, Inc. (NYSE:HP) to Underperform in a report released on Friday July 07, 2017.

Just yesterday Helmerich & Payne, Inc. (NYSE:HP) traded -0.50% lower at $54.36. Helmerich & Payne, Inc.’s 50-day moving average is $52.55 and its 200-day moving average is $60.88. The last closing price is down -24.14% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.05% over the same time. 1,659,801 shares of Helmerich & Payne, Inc. exchanged hands, down from an avg. volume of 2,278,630

Performance Chart

Helmerich & Payne, Inc. (NYSE:HP)

With a total market value of $0, Helmerich & Payne, Inc. has with a one year low of $46.00 and a one year high of $85.78 .

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

General Company Details For 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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