Helmerich & Payne, Inc. (NYSE:HP) Receives Consensus Recommendation of “Hold” from Brokerages

Helmerich & Payne, Inc. (NYSE:HP) has been assigned an average recommendation of “Hold” from the nine analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $38.57.

HP has been the subject of several research analyst reports. Royal Bank of Canada cut their price objective on Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating on the stock in a report on Friday, November 15th. Barclays cut their price target on shares of Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 20th. Citigroup reduced their price target on shares of Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating on the stock in a research report on Friday, September 13th. Finally, Benchmark reissued a “hold” rating on shares of Helmerich & Payne in a research report on Thursday, November 21st.

Helmerich & Payne Price Performance

Helmerich & Payne stock opened at $33.12 on Friday. Helmerich & Payne has a 1 year low of $29.46 and a 1 year high of $44.11. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.40 and a current ratio of 2.67. The firm has a 50 day moving average price of $33.69 and a 200 day moving average price of $34.21. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 9.63, a PEG ratio of 4.10 and a beta of 1.39.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings data on Wednesday, November 13th. The oil and gas company reported $0.76 EPS for the quarter, hitting analysts’ consensus estimates of $0.76. Helmerich & Payne had a return on equity of 12.44% and a net margin of 12.48%. The business had revenue of $693.79 million during the quarter, compared to the consensus estimate of $695.99 million. During the same period in the prior year, the firm posted $0.69 EPS. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. Sell-side analysts predict that Helmerich & Payne will post 3.12 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.02%. Helmerich & Payne’s dividend payout ratio is currently 29.07%.

Institutional Investors Weigh In On Helmerich & Payne

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its holdings in Helmerich & Payne by 24.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 9,222 shares of the oil and gas company’s stock worth $333,000 after purchasing an additional 1,828 shares during the last quarter. Aptus Capital Advisors LLC increased its stake in shares of Helmerich & Payne by 24.7% in the second quarter. Aptus Capital Advisors LLC now owns 116,236 shares of the oil and gas company’s stock worth $4,201,000 after buying an additional 23,025 shares during the last quarter. Cadence Wealth Management LLC acquired a new stake in Helmerich & Payne in the second quarter valued at $303,000. Arizona State Retirement System boosted its stake in Helmerich & Payne by 1.3% during the 2nd quarter. Arizona State Retirement System now owns 27,667 shares of the oil and gas company’s stock valued at $1,000,000 after acquiring an additional 342 shares during the last quarter. Finally, Savant Capital LLC boosted its stake in Helmerich & Payne by 24.2% during the 2nd quarter. Savant Capital LLC now owns 23,138 shares of the oil and gas company’s stock valued at $836,000 after acquiring an additional 4,506 shares during the last quarter. Hedge funds and other institutional investors own 96.05% of the company’s stock.

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.