Helmerich & Payne, Inc. (NYSE:HP – Get Free Report) has been assigned an average recommendation of “Reduce” from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $42.29.
Several equities research analysts have recently issued reports on HP shares. Piper Sandler decreased their price objective on Helmerich & Payne from $44.00 to $39.00 and set a “neutral” rating on the stock in a report on Monday, May 6th. Benchmark reiterated a “hold” rating on shares of Helmerich & Payne in a report on Thursday, April 25th. Citigroup lifted their target price on Helmerich & Payne from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Finally, Susquehanna reduced their target price on Helmerich & Payne from $52.00 to $50.00 and set a “positive” rating on the stock in a report on Friday, April 26th.
Get Our Latest Stock Analysis on Helmerich & Payne
Insider Buying and Selling at Helmerich & Payne
Institutional Trading of Helmerich & Payne
A number of hedge funds and other institutional investors have recently modified their holdings of HP. Headlands Technologies LLC purchased a new stake in shares of Helmerich & Payne during the first quarter worth about $33,000. Principal Securities Inc. purchased a new stake in shares of Helmerich & Payne during the fourth quarter worth about $35,000. Hexagon Capital Partners LLC increased its position in shares of Helmerich & Payne by 514.4% during the first quarter. Hexagon Capital Partners LLC now owns 940 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 787 shares during the last quarter. Covestor Ltd increased its position in shares of Helmerich & Payne by 253.4% during the first quarter. Covestor Ltd now owns 940 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 674 shares during the last quarter. Finally, Whittier Trust Co. increased its position in shares of Helmerich & Payne by 94.9% during the first quarter. Whittier Trust Co. now owns 1,222 shares of the oil and gas company’s stock worth $51,000 after acquiring an additional 595 shares during the last quarter. 96.05% of the stock is owned by hedge funds and other institutional investors.
Helmerich & Payne Price Performance
HP stock opened at $37.60 on Friday. Helmerich & Payne has a 52-week low of $32.17 and a 52-week high of $46.55. The stock’s fifty day simple moving average is $36.34 and its 200-day simple moving average is $37.93. The company has a quick ratio of 1.92, a current ratio of 2.16 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 10.74, a price-to-earnings-growth ratio of 4.10 and a beta of 1.47.
Helmerich & Payne (NYSE:HP – Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.01). Helmerich & Payne had a return on equity of 13.21% and a net margin of 12.84%. The business had revenue of $687.94 million for the quarter, compared to analyst estimates of $682.51 million. During the same quarter last year, the business earned $1.26 EPS. Helmerich & Payne’s revenue for the quarter was down 10.6% compared to the same quarter last year. Equities research analysts expect that Helmerich & Payne will post 3.46 EPS for the current year.
Helmerich & Payne Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.66%. The ex-dividend date is Friday, August 16th. Helmerich & Payne’s dividend payout ratio (DPR) is presently 28.57%.
Helmerich & Payne Company Profile
Founded in 1920, Helmerich & Payne, Inc (H&P) (NYSE: HP) is committed to delivering industry leading levels of drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for its customers and returns for shareholders.
Further Reading
- Five stocks we like better than Helmerich & Payne
- What Are Trending Stocks? Trending Stocks Explained
- MarketBeat Week in Review – 7/8 – 7/12
- What Is WallStreetBets and What Stocks Are They Targeting?
- Why This Banking Stock Might Be Nearing the Bottom of Its Cycle
- Using the MarketBeat Stock Split Calculator
- Top 3 Beverage Stocks: Summer Earnings Reveal Key Trends
Receive News & Ratings for Helmerich & Payne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helmerich & Payne and related companies with MarketBeat.com's FREE daily email newsletter.