Helmerich & Payne (NYSE:HP) SVP Cara Hair Sells 11,149 Shares of Stock

Helmerich & Payne, Inc. (NYSE:HP) SVP Cara Hair sold 11,149 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $44.27, for a total transaction of $493,566.23. Following the sale, the senior vice president owned 136,095 shares of the company’s stock, valued at $6,024,925.65. This trade represents a 7.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Helmerich & Payne Trading Down 1.1%

Helmerich & Payne stock opened at $44.21 on Wednesday. The business’s 50-day simple moving average is $35.60 and its 200-day simple moving average is $36.16. Helmerich & Payne, Inc. has a 52 week low of $17.35 and a 52 week high of $45.00. The firm has a market capitalization of $4.42 billion, a PE ratio of -31.36 and a beta of 0.61. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.55 and a current ratio of 1.96.

Helmerich & Payne (NYSE:HP) last released its earnings results on Wednesday, August 5th. The oil and gas company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.20). The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $987.70 million. Helmerich & Payne had a negative net margin of 3.43% and a negative return on equity of 2.35%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the business earned $0.22 EPS. Equities research analysts forecast that Helmerich & Payne, Inc. will post -0.12 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $1.00 annualized dividend and a dividend yield of 2.3%. Helmerich & Payne’s dividend payout ratio (DPR) is presently -70.92%.

Institutional Investors Weigh In On Helmerich & Payne

A number of institutional investors have recently bought and sold shares of HP. Aventail Capital Group LP acquired a new position in Helmerich & Payne in the fourth quarter worth about $5,464,000. UBS Group AG boosted its holdings in Helmerich & Payne by 17.5% during the fourth quarter. UBS Group AG now owns 1,215,192 shares of the oil and gas company’s stock valued at $34,852,000 after purchasing an additional 180,638 shares in the last quarter. Corigliano Investment Advisers LLC bought a new stake in shares of Helmerich & Payne in the 4th quarter valued at approximately $8,573,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Helmerich & Payne in the 4th quarter valued at approximately $1,522,000. Finally, PEAK6 LLC raised its holdings in shares of Helmerich & Payne by 34.3% in the 4th quarter. PEAK6 LLC now owns 301,997 shares of the oil and gas company’s stock worth $8,661,000 after buying an additional 77,182 shares in the last quarter. Institutional investors and hedge funds own 96.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Morgan Stanley reiterated an “underweight” rating and set a $36.00 target price on shares of Helmerich & Payne in a research note on Wednesday, July 15th. Barclays boosted their price objective on shares of Helmerich & Payne from $47.00 to $50.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Citigroup cut their price objective on shares of Helmerich & Payne from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, June 29th. Piper Sandler increased their target price on shares of Helmerich & Payne from $41.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. Finally, Wall Street Zen raised Helmerich & Payne from a “sell” rating to a “hold” rating in a research report on Saturday. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Helmerich & Payne has an average rating of “Hold” and a consensus target price of $40.50.

About Helmerich & Payne

Helmerich & Payne, Inc is a leading provider of contract drilling services to the oil and gas industry, specializing primarily in onshore drilling operations. The company designs, engineers and operates a fleet of advanced drilling rigs, including its proprietary FlexRigs, which are engineered for high efficiency, safety and rapid mobilization. Alongside core drilling services, Helmerich & Payne offers well intervention, workover and coiled tubing services, positioning itself as a comprehensive drilling solutions partner for exploration and production companies worldwide.

Founded in 1920 and headquartered in Tulsa, Oklahoma, Helmerich & Payne has grown through innovation and strategic expansion to serve diverse hydrocarbon basins.