Helmerich & Payne, Inc. Has More Gas To Increase After Today’s Bullish Options Activity

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In today’s session Helmerich & Payne, Inc. (HP) registered an unusually high (102) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the March, 2016 call, expecting serious HP increase. With 102 contracts traded and 8104 open interest for the Mar, 16 contract, it seems this is a quite bullish bet. The option with symbol: HP160318C00050000 closed last at: $6.4 or 10.3% up. The stock decreased 2.38% or $1.25 during the last trading session, hitting $51.37. About 2.61M shares traded hands or 20.83% up from the average. Helmerich & Payne, Inc. (NYSE:HP) has declined 32.24% since May 8, 2015 and is downtrending. It has underperformed by 29.22% the S&P500.

Out of 22 analysts covering Helmerich & Payne (NYSE:HP), 10 rate it “Buy”, 4 “Sell”, while 15 “Hold”. This means 34% are positive. Helmerich & Payne was the topic in 31 analyst reports since August 3, 2015 according to StockzIntelligence Inc.

The institutional sentiment decreased to 1.04 in Q3 2015. Its down 0.02, from 1.06 in 2015Q2. The ratio dropped, as 79 funds sold all Helmerich & Payne, Inc. shares owned while 147 reduced positions. 58 funds bought stakes while 177 increased positions. They now own 120.93 million shares or 17.30% more from 103.10 million shares in 2015Q2.

Courage Capital Management Llc holds 4.29% of its portfolio in Helmerich & Payne, Inc. for 118,769 shares. Oppenheimer & Close Llc owns 102,740 shares or 4.12% of their US portfolio. Moreover, Energy Opportunities Capital Management Llc has 3.7% invested in the company for 238,876 shares. The California-based Sfe Investment Counsel has invested 3.17% in the stock. Archon Capital Management Llc, a Washington-based fund reported 70,000 shares.

Since September 28, 2015, the stock had 1 buy, and 0 sales for $188,051 net activity. Helm Gordon K bought 4,000 shares worth $188,051.

Helmerich & Payne, Inc. is engaged in contract drilling of gas and oil wells for others. The company has a market cap of $5.67 billion. The Firm operates in the contract drilling industry. It has 13.3 P/E ratio. The Company’s contract drilling business consists of three business divisions: U.S.

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