New User:

Forgot your password?

Stock Market & Financial Investment News

News For HP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
January 29, 2015
10:00 EDTHPOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
06:09 EDTHPHelmerich & Payne sees FY15 CapEx $1.3B
The monthly cadence of the new FlexRig construction program is now expected to decline from four to two rigs per month beginning in June through the end of the calendar year. All new FlexRigs scheduled for delivery during calendar 2015 are supported with multi-year term contracts that are expected to generate attractive economic returns for the company. Furthermore, and unlike the first fiscal quarter's effective income tax rate of approximately 38.8%, the company expects an effective income tax rate of approximately 35 to 36 percent for each of the remaining three quarters of fiscal 2015.
06:08 EDTHPHelmerich & Payne expects Q2 revenue days to decrease 25% in U.S.
Subscribe for More Information
06:08 EDTHPHelmerich & Payne reports Q1 EPS $1.85, consensus $1.52
Subscribe for More Information
January 28, 2015
17:03 EDTHPHelmerich & Payne downgraded to Sell from Neutral at Citigroup
Subscribe for More Information
13:42 EDTHPHelmerich & Payne in process of laying off thousands, Upstream reports
Subscribe for More Information
January 27, 2015
11:14 EDTHPMicrosoft sinks after outlook brings multiple downgrades
Shares of Microsoft (MSFT) are falling after the company last night issued guidance for its quarter ending in March that came in significantly below analysts' expectations. JPMorgan, Citigroup, MKM Partners and Nomura responded to the company's results by downgrading the stock. BACKGROUND: Microsoft's revenue guidance for its March quarter missed expectations, driven by U.S. dollar strength, and continued weakness in China, Russia and Japan, according to JPMorgan analyst Mark Murphy. The company's second quarter results were roughly in-line with expectations, but its software sales came in below the consensus outlook, as customers shifted to cheaper Web-based products. ANALYST REACTION: In a note to investors, JPMorgan's Murphy downgraded the stock to Neutral for Overweight. Microsoft plans to spend more money than anticipated going forward, according to the analyst, who consequently cut his fiscal 2015 earnings per share forecast for the company by 8%. The reduced profit outlook could delay the stock's move above $50, warned Murphy, who reduced his price target on the name to $47 from $53. But the analyst did note that the tech giantís commercial cloud revenue growth jumped 114% year-over-year last quarter, a higher growth rate than during the same period a year earlier. Citigroup cut its rating on Microsoft to Sell from Neutral, saying that the company's earnings headwinds are becoming clearer. The firm set a $38 price target on the stock. Both Nomura and MKM Partners cut its ratings on the name to Neutral from Buy. PRICE ACTION: In late morning trading, Microsoft fell 9.55 to $42.50. Other companies
January 26, 2015
12:02 EDTHPHelmerich & Payne management to meet with FBR Capital
Meeting to be held in Kansas City on February 4 hosted by FBR Capital.
11:42 EDTHPHelmerich & Payne management to meet with Guggenheim
Meeting to be held in Chicago on February 2 hosted by Guggenheim.
January 23, 2015
08:37 EDTHPBofA/Merrill U.S. oil & gas analysts to hold an analyst/industry conference call
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use