Quarry LP Takes $48,000 Position in Helmerich & Payne, Inc. (NYSE:HP)

Quarry LP bought a new stake in shares of Helmerich & Payne, Inc. (NYSE:HP) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 1,589 shares of the oil and gas company’s stock, valued at approximately $48,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of HP. Dimensional Fund Advisors LP boosted its stake in Helmerich & Payne by 3.3% during the second quarter. Dimensional Fund Advisors LP now owns 5,576,795 shares of the oil and gas company’s stock worth $201,543,000 after buying an additional 176,179 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Helmerich & Payne by 9.4% in the 2nd quarter. Pacer Advisors Inc. now owns 3,826,851 shares of the oil and gas company’s stock worth $138,302,000 after acquiring an additional 327,802 shares during the last quarter. Earnest Partners LLC boosted its stake in shares of Helmerich & Payne by 15.7% during the 2nd quarter. Earnest Partners LLC now owns 3,469,609 shares of the oil and gas company’s stock worth $125,392,000 after purchasing an additional 471,420 shares during the period. Boston Trust Walden Corp boosted its stake in shares of Helmerich & Payne by 1.3% during the 2nd quarter. Boston Trust Walden Corp now owns 2,222,477 shares of the oil and gas company’s stock worth $80,320,000 after purchasing an additional 27,660 shares during the period. Finally, American Century Companies Inc. grew its holdings in Helmerich & Payne by 38.1% during the 2nd quarter. American Century Companies Inc. now owns 1,862,362 shares of the oil and gas company’s stock valued at $67,306,000 after purchasing an additional 513,647 shares during the last quarter. Hedge funds and other institutional investors own 96.05% of the company’s stock.

Wall Street Analysts Forecast Growth

HP has been the subject of a number of research analyst reports. Royal Bank of Canada decreased their price target on Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating for the company in a research note on Friday, November 15th. Citigroup dropped their price objective on Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating on the stock in a research note on Friday, September 13th. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a research report on Thursday, November 21st. The Goldman Sachs Group dropped their price target on Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating on the stock in a research report on Thursday, August 29th. Finally, Barclays decreased their price objective on Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating for the company in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $38.57.

Helmerich & Payne Price Performance

Shares of HP stock opened at $33.89 on Wednesday. The stock’s 50-day moving average is $34.62 and its 200 day moving average is $34.66. Helmerich & Payne, Inc. 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 current ratio of 2.67 and a quick ratio of 2.40. The company has a market cap of $3.35 billion, a P/E ratio of 9.85, a PEG ratio of 4.07 and a beta of 1.39.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.76. The business had revenue of $693.79 million for the quarter, compared to analysts’ expectations of $695.99 million. Helmerich & Payne had a net margin of 12.48% and a return on equity of 12.44%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the business earned $0.69 EPS. Research analysts predict that Helmerich & Payne, Inc. will post 3.12 earnings per share for the current fiscal year.

About Helmerich & Payne

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.