Cowen Cuts Price Target on Helmerich Payne (HP) to $67 Following 3Q
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Helmerich & Payne, Inc. Announces Third Quarter Results
July 30, 2015 6:00 AM EDTTULSA, Okla., July 30, 2015 (GLOBE NEWSWIRE) -- Helmerich & Payne, Inc. (NYSE: HP) reported net income of $91 million ($0.83 per diluted share) from operating revenues of $660 million for the third fiscal quarter of 2015, compared to net income of $192 million ($1.75 per diluted share) from operating revenues of $952 million during the third quarter of fiscal 2014, and net income of $150 million ($1.37 per diluted share) from operating revenues of $883 million during the second quarter of fiscal 2015. Included in net income per diluted share corresponding to this years third fiscal quarter are approximately $0.55 of after-tax gains from long-term contract early termination compensation from... More
