Helmerich & Payne (NYSE:HP) has been assigned a $68.00 price objective by Royal Bank of Canada in a report released on Thursday, December 21st. The firm presently has a “hold” rating on the oil and gas company’s stock. Royal Bank of Canada’s price objective indicates a potential downside of 3.22% from the company’s current price.
A number of other equities research analysts have also recently commented on HP. B. Riley reiterated a “neutral” rating on shares of Helmerich & Payne in a report on Wednesday, November 1st. SunTrust Banks restated a “sell” rating and set a $37.00 price objective (down previously from $66.00) on shares of Helmerich & Payne in a report on Tuesday, October 3rd. Cowen set a $50.00 price objective on Helmerich & Payne and gave the stock a “hold” rating in a report on Wednesday, October 18th. BMO Capital Markets restated a “sell” rating on shares of Helmerich & Payne in a report on Friday, October 13th. Finally, Deutsche Bank began coverage on Helmerich & Payne in a report on Tuesday, October 10th. They set a “hold” rating and a $45.00 price objective on the stock. Seven equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $55.04.
Helmerich & Payne (NYSE:HP) opened at $70.26 on Thursday. The stock has a market capitalization of $7,630.00, a P/E ratio of -59.04 and a beta of 1.30. Helmerich & Payne has a one year low of $42.16 and a one year high of $81.20. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.19 and a current ratio of 3.59.
Helmerich & Payne (NYSE:HP) last issued its earnings results on Thursday, November 16th. The oil and gas company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.05. Helmerich & Payne had a negative return on equity of 2.96% and a negative net margin of 7.16%. The business had revenue of $532.30 million during the quarter, compared to the consensus estimate of $493.78 million. During the same period in the prior year, the business posted ($0.33) EPS. The company’s revenue for the quarter was up 60.5% on a year-over-year basis. research analysts anticipate that Helmerich & Payne will post -0.43 earnings per share for the current year.
In other Helmerich & Payne news, Director Chapman Paula Marshall sold 2,555 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $57.80, for a total value of $147,679.00. Following the transaction, the director now directly owns 12,525 shares of the company’s stock, valued at $723,945. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.90% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in HP. Capital International Investors increased its position in shares of Helmerich & Payne by 37.2% during the third quarter. Capital International Investors now owns 8,026,854 shares of the oil and gas company’s stock worth $418,279,000 after acquiring an additional 2,177,139 shares during the last quarter. Brandywine Global Investment Management LLC increased its position in shares of Helmerich & Payne by 2,253.8% during the second quarter. Brandywine Global Investment Management LLC now owns 2,147,944 shares of the oil and gas company’s stock worth $116,720,000 after acquiring an additional 2,056,689 shares during the last quarter. Artisan Partners Limited Partnership increased its position in shares of Helmerich & Payne by 68.8% during the second quarter. Artisan Partners Limited Partnership now owns 3,904,089 shares of the oil and gas company’s stock worth $212,148,000 after acquiring an additional 1,590,793 shares during the last quarter. Kiltearn Partners LLP increased its position in shares of Helmerich & Payne by 165.0% during the second quarter. Kiltearn Partners LLP now owns 2,289,302 shares of the oil and gas company’s stock worth $124,401,000 after acquiring an additional 1,425,513 shares during the last quarter. Finally, Prudential PLC increased its position in shares of Helmerich & Payne by 64.8% during the second quarter. Prudential PLC now owns 2,487,853 shares of the oil and gas company’s stock worth $135,190,000 after acquiring an additional 977,825 shares during the last quarter.
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Helmerich & Payne Company Profile
Helmerich & Payne, Inc is engaged in contract drilling of oil and gas wells for others. The Company operates in the contract drilling industry. The Company’s contract drilling business consists of three segments: U.S. Land, Offshore and International Land. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology.
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