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HP

Helmerich & Payne

$39.30

0.04 (0.10%)

17:48
11/14/19
11/14
17:48
11/14/19
17:48

Helmerich & Payne reports Q4 cont ops EPS 38c, consensus 23c

Reports Q4 revenue $649.05M, consensus $646.58M.

  • 15

    Nov

HP Helmerich & Payne
$39.30

0.04 (0.10%)

09/30/19
SBSH
09/30/19
DOWNGRADE
Target $43
SBSH
Neutral
Helmerich & Payne downgraded to Neutral from Buy at Citi
Citi analyst Scott Gruber downgraded Helmerich & Payne to Neutral from Buy and lowered his price target for the shares to $43 from $50. The analyst recently cut his 2020 U.S. rig count forecast, which now calls for a 5% year-over-year decline next year. Falling utilization across both super spec and standard rig classes likely weigh on pricing, Gruber tells investors in a research note. The analyst adds that despite the recent pullback in shares of land drillers, his estimates are now ~30% below consensus for 2020.
10/08/19
BOFA
10/08/19
DOWNGRADE
BOFA
Neutral
Helmerich & Payne downgraded to Neutral from Buy at BofA/Merrill
10/08/19
BOFA
10/08/19
DOWNGRADE
BOFA
BofA sees more weakness ahead for U.S. land drillers, downgrades four stocks
As previously reported, BofA Merrill Lynch analyst Chase Mulvehill downgraded Helmerich & Payne (HP) and Patterson-UTI (PTEN), each to Neutral from Buy, and downgraded Nine Energy Services (NINE) and FTS International (FTSI), each to Underperform from Neutral. Mulvehill said capital discipline and service efficiency gains from U.S. E&P comapnies is leading to intensifying weakness across the Oil Field Services sector, driving activity that has been even worse than his already more cautious view. He also sees it as increasingly likely that 2020 will be another year of spending contraction for U.S. explorers and producers. For the two stocks he cut to Underperform, Mulvehill additionally cited the companies' levered balance sheets.
10/08/19
10/08/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Oracle (ORCL), Carbonite (CARB), and Check Point (CHKP) downgraded to Hold from Buy at Jefferies. 2. TerraForm Power (TERP) downgraded to Equal Weight from Overweight at Barclays. 3. Puma Biotechnology (PBYI) downgraded to Sell from Neutral at Goldman Sachs while Nektar Therapeutics (NKTR) was double downgraded to Sell from Buy. 4. Qiagen (QGEN) downgraded to Underweight from Neutral at JPMorgan and to Equal Weight from Overweight at Barclays. 5. Helmerich & Payne (HP) and Patterson-UTI (PTEN) downgraded to Neutral from Buy at BofA/Merrill. Nine Energy Services (NINE) and FTS International (FTSI) downgraded to Underperform from Neutral at BofA/Merrill. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

ETNB

89bio

$28.38

0.86 (3.13%)

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SLG

SL Green Realty

$86.93

1.18 (1.38%)

, AMZN

Amazon.com

$1,750.79

10.2 (0.59%)

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SLG

SL Green Realty

$86.93

1.18 (1.38%)

AMZN

Amazon.com

$1,750.79

10.2 (0.59%)

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  • 09

    Dec

RH

RH

$241.95

8.72 (3.74%)

07:31
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Recommendations
RH analyst commentary  »

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RCKT

Rocket Pharmaceuticals

$22.37

2.61 (13.21%)

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AEP

American Electric

$92.36

-0.11 (-0.12%)

07:30
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12/09
07:30
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07:30
Conference/Events
American Electric management to meet with KeyBanc »

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  • 10

    Dec

LHCG

LHC Group

$135.27

2.49 (1.88%)

07:30
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LHC Group, LifePoint Health announce further expansion of JV »

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FATE

Fate Therapeutics

$13.64

0.07 (0.52%)

07:30
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FIVN

Five9

$66.09

-0.62 (-0.93%)

07:30
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07:30
Recommendations
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  • 17

    Dec

07:30
12/09/19
12/09
07:30
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07:30
General news
FX Update: The pound rallied to new highs »

FX Update: The pound…

OBSV

ObsEva

$4.60

0.29 (6.73%)

07:25
12/09/19
12/09
07:25
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07:25
Conference/Events
ObsEva to host conference call »

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  • 09

    Dec

ADBE

Adobe

$306.24

3.24 (1.07%)

07:22
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07:22
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07:22
Recommendations
Adobe analyst commentary  »

Adobe price target raised…

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  • 12

    Dec

  • 23

    Jan

AUTL

Autolus Therapeutics

$14.60

-0.18 (-1.22%)

07:19
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07:19
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Conference/Events
Autolus Therapeutics to host conference call »

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  • 09

    Dec

  • 09

    Dec

SPCE

Virgin Galactic

$7.28

0.07 (0.97%)

07:17
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07:17
Initiation
Virgin Galactic initiated  »

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  • 10

    Dec

TCBI

Texas Capital

$57.82

0.76 (1.33%)

, IBTX

Independent Bank

$59.23

1 (1.72%)

07:15
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Hot Stocks
Independent Bank, Texas Capital Bancshares enter $5.5B all-stock merger »

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TCBI

Texas Capital

$57.82

0.76 (1.33%)

IBTX

Independent Bank

$59.23

1 (1.72%)

03/08/13
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ZLAB

Zai Lab

$41.25

0.11 (0.27%)

07:15
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12/09
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Zai Lab analyst commentary  »

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PEGI

Pattern Energy

$27.45

0.02 (0.07%)

07:14
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12/09
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Hot Stocks
Pattern Energy announces expiration of 'Go-Shop Period' »

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MMM

3M

$171.49

7.13 (4.34%)

07:12
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07:12
Downgrade
3M rating change  »

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  • 10

    Dec

FTV

Fortive

$72.86

0.5 (0.69%)

, MMM

3M

$171.49

7.13 (4.34%)

07:11
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Upgrade
Fortive, 3M rating change  »

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FTV

Fortive

$72.86

0.5 (0.69%)

MMM

3M

$171.49

7.13 (4.34%)

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  • 09

    Dec

  • 10

    Dec

ORAN

Orange SA

$15.02

-0.055 (-0.36%)

07:10
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07:10
Downgrade
Orange SA rating change  »

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KMDA

Kamada

$7.36

-0.025 (-0.34%)

07:10
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Kamada enters into binding term sheet, sees product adding $8M-$10M in revenue »

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CSIQ

Canadian Solar

$18.35

0.39 (2.17%)

07:09
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Hot Stocks
Canadian Solar authorizes $150M share repurchase program »

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ETNB

89bio

$28.38

0.86 (3.13%)

07:09
12/09/19
12/09
07:09
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07:09
Initiation
89bio initiated  »

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SONG

Akazoo

$5.40

-0.12 (-2.17%)

07:08
12/09/19
12/09
07:08
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07:08
Earnings
Akazoo reports Q3 EPS EUR0.03 vs, EUR0.02 last year »

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ECC

Eagle Point Credit

$15.03

-0.01 (-0.07%)

07:08
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Upgrade
Eagle Point Credit rating change  »

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TXN

Texas Instruments

$122.36

1.6 (1.32%)

07:07
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12/09
07:07
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07:07
Conference/Events
Texas Instruments management to meet with UBS »

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  • 09

    Dec

  • 09

    Dec

  • 16

    Dec

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