Helmerich & Payne, Inc. (NYSE:HP) Given Consensus Rating of “Hold” by Analysts

Shares of Helmerich & Payne, Inc. (NYSE:HP) have been given an average rating of “Hold” by the ten ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $40.29.

A number of brokerages have issued reports on HP. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a research note on Monday, August 5th. Bank of America decreased their price objective on Helmerich & Payne from $42.50 to $40.00 and set a “buy” rating for the company in a research note on Monday, July 15th. Barclays reduced their target price on Helmerich & Payne from $42.00 to $39.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 16th. The Goldman Sachs Group lowered their price target on Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating for the company in a research note on Thursday, August 29th. Finally, Evercore ISI raised shares of Helmerich & Payne to a “strong-buy” rating in a research note on Friday, July 26th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HP. Headlands Technologies LLC bought a new stake in Helmerich & Payne in the 1st quarter valued at approximately $33,000. Hexagon Capital Partners LLC boosted its holdings in 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 purchasing an additional 787 shares during the last quarter. Covestor Ltd boosted its holdings in 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 purchasing an additional 674 shares during the last quarter. Blue Trust Inc. grew its position in Helmerich & Payne by 127.8% in the third quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company’s stock valued at $46,000 after purchasing an additional 854 shares in the last quarter. Finally, Whittier Trust Co. increased its stake in Helmerich & Payne by 94.9% in the 1st quarter. Whittier Trust Co. now owns 1,222 shares of the oil and gas company’s stock valued at $51,000 after buying an additional 595 shares during the last quarter. 96.05% of the stock is currently owned by institutional investors.

Helmerich & Payne Trading Up 0.2 %

Shares of HP opened at $34.89 on Tuesday. The stock’s fifty day simple moving average is $32.81 and its 200-day simple moving average is $36.10. The firm has a market capitalization of $3.44 billion, a PE ratio of 10.03, a price-to-earnings-growth ratio of 3.80 and a beta of 1.42. Helmerich & Payne has a 12-month low of $29.46 and a 12-month high of $44.11. The company has a quick ratio of 1.87, a current ratio of 2.12 and a debt-to-equity ratio of 0.19.

Helmerich & Payne (NYSE:HP) last released its earnings results on Wednesday, July 24th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.15. Helmerich & Payne had a net margin of 12.72% and a return on equity of 12.39%. The company had revenue of $697.70 million for the quarter, compared to the consensus estimate of $670.78 million. During the same period in the prior year, the company posted $1.09 EPS. The company’s revenue was down 3.6% compared to the same quarter last year. As a group, research analysts predict that Helmerich & Payne will post 3.48 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.00 annualized dividend and a yield of 2.87%. Helmerich & Payne’s dividend payout ratio is currently 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.