Shares of Helmerich & Payne, Inc. (NYSE:HP) have earned an average rating of “Hold” from the thirty-one brokerages that are presently covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $59.95.
HP has been the subject of a number of recent research reports. Royal Bank of Canada set a $57.00 price objective on Helmerich & Payne and gave the stock a “sector perform” rating in a report on Friday, November 17th. Tudor Pickering raised Helmerich & Payne from a “hold” rating to a “buy” rating in a report on Thursday, December 21st. Citigroup raised Helmerich & Payne from a “sell” rating to a “neutral” rating in a report on Thursday, January 4th. Piper Jaffray Companies reissued a “hold” rating and set a $48.00 price objective on shares of Helmerich & Payne in a report on Friday, November 24th. Finally, Zacks Investment Research lowered Helmerich & Payne from a “buy” rating to a “hold” rating in a report on Monday, December 4th.
In other Helmerich & Payne news, Director Chapman Paula Marshall sold 4,122 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $71.40, for a total transaction of $294,310.80. Following the completion of the transaction, the director now directly owns 16,647 shares of the company’s stock, valued at $1,188,595.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 4.10% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its position in shares of Helmerich & Payne by 5.3% during the third quarter. Dimensional Fund Advisors LP now owns 2,382,144 shares of the oil and gas company’s stock worth $124,136,000 after acquiring an additional 119,306 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Helmerich & Payne by 12.8% in the third quarter. Nordea Investment Management AB now owns 18,193 shares of the oil and gas company’s stock worth $948,000 after buying an additional 2,065 shares in the last quarter. U S Global Investors Inc. purchased a new stake in shares of Helmerich & Payne in the third quarter worth $469,000. BlackRock Inc. raised its position in shares of Helmerich & Payne by 1.2% in the fourth quarter. BlackRock Inc. now owns 11,346,521 shares of the oil and gas company’s stock worth $733,438,000 after buying an additional 129,250 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Helmerich & Payne by 8.2% in the third quarter. Bank of New York Mellon Corp now owns 3,515,807 shares of the oil and gas company’s stock worth $183,208,000 after buying an additional 265,249 shares in the last quarter.
Shares of Helmerich & Payne (HP) traded up $1.92 on Wednesday, reaching $64.56. The company’s stock had a trading volume of 4,460,157 shares, compared to its average volume of 1,268,372. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.28 and a quick ratio of 2.89. The company has a market cap of $6,819.42, a price-to-earnings ratio of 17.54 and a beta of 1.31. Helmerich & Payne has a 1 year low of $42.16 and a 1 year high of $75.02.
Helmerich & Payne (NYSE:HP) last issued its quarterly earnings data on Thursday, January 25th. The oil and gas company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.14. The firm had revenue of $564.10 million during the quarter, compared to analyst estimates of $547.64 million. Helmerich & Payne had a negative return on equity of 1.90% and a net margin of 20.30%. The company’s revenue for the quarter was up 53.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.33) EPS.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 18th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.34%. The ex-dividend date of this dividend is Thursday, May 17th. Helmerich & Payne’s dividend payout ratio (DPR) is 76.09%.
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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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