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Zacks Investment Research downgraded Helmerich & Payne, Inc. (NYSE:HP) to Sell in a report released today.

Zacks Investment Research has downgraded Helmerich & Payne, Inc. (NYSE:HP) to Sell in a report released on 07/04/2017.

Yesterday Helmerich & Payne, Inc. (NYSE:HP) traded 1.39% higher at $55.66. The company’s 50-day moving average is $50.97 and its 200-day moving average is $59.40. The last closing price is down -26.18% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time. 1,417,899 shares of the stock were exchanged, down from an average trading volume of 2,260,420

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Helmerich & Payne, Inc. (NYSE:HP)

Helmerich & Payne, Inc. has a 52 week low of $43.00 and a 52 week high of $85.78 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 28 brokers have issued a report on the stock. The consensus target price is $58.04 with 4 brokers rating the stock a strong buy, 6 brokers rating the stock a buy, 14 brokers rating the stock a hold, 7 brokers rating the stock a underperform, and finally 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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