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Wells Fargo downgraded Helmerich & Payne (US:HP) from Market Perform to Underperform in a report released today.

Just yesterday Helmerich & Payne (US:HP) traded -0.50% lower at $53.47. Helmerich & Payne’s 50-day moving average is $52.55 and its 200-day moving average is $60.88. The last stock price is down -24.14% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.05% over the same time period. 1,659,801 shares of HP traded hands, down from an average trading volume of 2,278,630

Wells Fargo has downgraded Helmerich & Payne (US:HP) from Market Perform to Underperform in a report released on Friday July 07, 2017.

Recent Performance Chart

Helmerich & Payne (US:HP)

Helmerich & Payne has 52 week low of $46.00 and a 52 week high of $85.78 and has a market capitalization of $0.

In addition to Wells Fargo reporting its stock price target, a total of 28 brokerages have issued a ratings update on Helmerich & Payne. The 12-month price target is $58.04 with four analysts rating the stock a strong buy, 6 brokers rating the stock a buy, fourteen equity analysts rating the company a hold, seven equity analysts rating the stock a underperform, and finally 1 firm rating the stock a sell.

About Helmerich & Payne (US: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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