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

Helmerich & Payne, Inc. (NYSE:HP) has been given an average recommendation of “Hold” by the ten brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on 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 equities research analysts have recently issued reports on the stock. Bank of America dropped their target price on shares of Helmerich & Payne from $42.50 to $40.00 and set a “buy” rating on the stock in a report on Monday, July 15th. Royal Bank of Canada lifted their target price on Helmerich & Payne from $48.00 to $50.00 and gave the stock a “sector perform” rating in a research note on Friday, July 26th. Barclays decreased 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 cut their price target on Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating for the company in a report on Thursday, August 29th. Finally, Benchmark reissued a “hold” rating on shares of Helmerich & Payne in a research report on Monday, August 5th.

Institutional Trading of Helmerich & Payne

Several hedge funds and other institutional investors have recently bought and sold shares of HP. Headlands Technologies LLC acquired a new position in shares of Helmerich & Payne during the 1st quarter worth approximately $33,000. Hexagon Capital Partners LLC increased its stake in Helmerich & Payne by 514.4% during the 1st 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 period. Covestor Ltd raised its holdings in Helmerich & Payne by 253.4% in the 1st quarter. Covestor Ltd now owns 940 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 674 shares in the last quarter. Whittier Trust Co. lifted its position in shares of Helmerich & Payne by 94.9% during the 1st quarter. Whittier Trust Co. now owns 1,222 shares of the oil and gas company’s stock valued at $51,000 after acquiring an additional 595 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of Helmerich & Payne by 127.8% during the 3rd quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company’s stock worth $46,000 after purchasing an additional 854 shares in the last quarter. Institutional investors and hedge funds own 96.05% of the company’s stock.

Helmerich & Payne Trading Up 0.2 %

Shares of Helmerich & Payne stock opened at $34.89 on Tuesday. The stock has a market cap of $3.44 billion, a P/E ratio of 10.03, a P/E/G ratio of 3.80 and a beta of 1.42. 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 has a 12-month low of $29.46 and a 12-month high of $44.11. The business’s 50 day moving average is $32.81 and its 200-day moving average is $36.10.

Helmerich & Payne (NYSE:HP) last issued its earnings results on Wednesday, July 24th. The oil and gas company reported $0.92 earnings per share for the quarter, topping 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 business had revenue of $697.70 million for the quarter, compared to the consensus estimate of $670.78 million. During the same period in the previous year, the company earned $1.09 earnings per share. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. Equities research analysts predict that Helmerich & Payne will post 3.48 earnings per share for the current fiscal year.

Helmerich & Payne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be paid a $0.25 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.00 annualized dividend and a dividend yield of 2.87%. 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.