Could Helmerich & Payne, Inc. See a Reversal After Today’s Strong Options Activity?

 Could Helmerich & Payne, Inc. See a Reversal After Today's Strong Options Activity?

In today’s session Helmerich & Payne, Inc. (HP) registered an unusually high (132) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious HP increase. With 132 contracts traded and 7574 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: HP170120C00070000 closed last at: $3.6 or 5.3% down. About 793,721 shares traded hands. Helmerich & Payne, Inc. (NYSE:HP) has risen 8.53% since April 26, 2016 and is uptrending. It has outperformed by 3.27% the S&P500.

Analysts await Helmerich & Payne, Inc. (NYSE:HP) to report earnings on January, 26. They expect $-0.39 EPS, down 880.00% or $0.44 from last year’s $0.05 per share. After $-0.33 actual EPS reported by Helmerich & Payne, Inc. for the previous quarter, Wall Street now forecasts 18.18% negative EPS growth.

Helmerich & Payne, Inc. (NYSE:HP) Ratings Coverage

Out of 25 analysts covering Helmerich & Payne (NYSE:HP), 8 rate it a “Buy”, 4 “Sell”, while 13 “Hold”. This means 32% are positive. Helmerich & Payne has been the topic of 66 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm has “Equal-Weight” rating by Stephens given on Monday, March 7. Morgan Stanley downgraded the shares of HP in a report on Thursday, March 17 to “Underweight” rating. Goldman Sachs downgraded the stock to “Neutral” rating in Friday, March 11 report. The stock of Helmerich & Payne, Inc. (NYSE:HP) earned “Sector Perform” rating by Iberia Capital Partners on Tuesday, December 15. The stock of Helmerich & Payne, Inc. (NYSE:HP) earned “Buy” rating by TheStreet on Thursday, August 27. Susquehanna maintained the stock with “Neutral” rating in Friday, November 13 report. The stock of Helmerich & Payne, Inc. (NYSE:HP) has “Buy” rating given on Monday, November 30 by Guggenheim. The rating was maintained by Howard Weil with “Sector Perform” on Friday, July 31. Argus Research maintained the stock with “Buy” rating in Tuesday, September 8 report. RBC Capital Markets downgraded the shares of HP in a report on Friday, September 18 to “Sector Perform” rating.

According to Zacks Investment Research, “Helmerich & Payne, Inc. is primarily engaged in the exploration, production, and sale of crude oil and natural gas and in contract drilling of oil and gas wells for others. These activities account for the major portion of its operating revenues. The company is also engaged in the ownership, development, and operation of commercial real estate.”

Insitutional Activity: The institutional sentiment increased to 1.25 in Q2 2016. Its up 0.12, from 1.13 in 2016Q1. The ratio is positive, as 54 funds sold all Helmerich & Payne, Inc. shares owned while 146 reduced positions. 65 funds bought stakes while 161 increased positions. They now own 114.29 million shares or 3.86% less from 118.88 million shares in 2016Q1.
Us Commercial Bank De has 0.03% invested in the company for 103,407 shares. Comerica National Bank & Trust holds 0.02% of its portfolio in Helmerich & Payne, Inc. (NYSE:HP) for 43,995 shares. Sarl reported 8,600 shares or 0.05% of all its holdings. Moreover, D E Shaw And has 0% invested in Helmerich & Payne, Inc. (NYSE:HP) for 4,950 shares. Guardian Life Insur Of America holds 399 shares or 0% of its portfolio. Rockefeller Finance Services Inc accumulated 7,200 shares or 0.01% of the stock. Private Advisor Group Inc Ltd Liability Co holds 0.01% or 3,368 shares in its portfolio. Employees Retirement System Of Texas, a Texas-based fund reported 7,000 shares. Teachers Retirement Of The State Of Kentucky has 15,100 shares for 0.01% of their US portfolio. Commonwealth Equity Svcs Incorporated holds 0.01% of its portfolio in Helmerich & Payne, Inc. (NYSE:HP) for 24,842 shares. Winton Capital Gru accumulated 0.13% or 117,909 shares. Mizuho Tru And Banking Ltd last reported 0.04% of its portfolio in the stock. Brandywine Global Invest Management Ltd last reported 0.37% of its portfolio in the stock. Bartlett & Ltd Liability accumulated 0.01% or 4,100 shares. Moreover, Alphamark Advisors Lc has 0.12% invested in Helmerich & Payne, Inc. (NYSE:HP) for 3,075 shares.

Insider Transactions: Since June 9, 2016, the stock had 0 insider buys, and 3 insider sales for $2.89 million net activity. The insider LINDSAY JOHN W sold $1.28M. On Friday, September 30 Bell John R. sold $597,119 worth of the stock or 9,000 shares.

Helmerich & Payne, Inc. is engaged in contract drilling of gas and oil wells for others. The company has a market cap of $7.10 billion. The Firm operates in the contract drilling industry. It currently has negative earnings. The Company’s contract drilling business consists of three divisions: U.S.

HP Company Profile

Helmerich & Payne, Inc., incorporated on February 29, 1944, is engaged in contract drilling of gas and oil wells for others. The Firm operates in the contract drilling industry. The Company’s contract drilling business consists of three divisions: U.S. Land, Offshore and International Land. The Firm is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology. The Company’s 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’s subsidiaries include Helmerich & Payne International Drilling Co. and Helmerich & Payne de Venezuela, C.A.

Another recent and important Helmerich & Payne, Inc. (NYSE:HP) news was published by Globenewswire.com which published an article titled: “Helmerich & Payne, Inc. Announces Fiscal Year-End Results” on November 17, 2016.

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