Shares of Helmerich & Payne, Inc. (NYSE:HP - Get Free Report) have received an average recommendation of "Reduce" from the nine brokerages that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $42.29.
Several analysts recently weighed in on the stock. Piper Sandler cut their price objective on shares of Helmerich & Payne from $44.00 to $39.00 and set a "neutral" rating on the stock in a research report on Monday, May 6th. Citigroup lifted their price target on Helmerich & Payne from $40.00 to $42.00 and gave the company a "neutral" rating in a report on Tuesday, April 16th. Susquehanna decreased their price objective on Helmerich & Payne from $52.00 to $50.00 and set a "positive" rating for the company in a report on Friday, April 26th. Finally, Benchmark reaffirmed a "hold" rating on shares of Helmerich & Payne in a research note on Thursday, April 25th.
Check Out Our Latest Stock Analysis on HP
Insider Activity
In related news, SVP Cara M. Hair sold 9,910 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $40.22, for a total value of $398,580.20. Following the completion of the transaction, the senior vice president now owns 137,764 shares in the company, valued at approximately $5,540,868.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Helmerich & Payne news, CFO Mark W. Smith sold 16,000 shares of Helmerich & Payne stock in a transaction on Monday, April 29th. The shares were sold at an average price of $40.49, for a total transaction of $647,840.00. Following the completion of the sale, the chief financial officer now owns 144,870 shares of the company's stock, valued at approximately $5,865,786.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Cara M. Hair sold 9,910 shares of the company's stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $40.22, for a total value of $398,580.20. Following the completion of the transaction, the senior vice president now directly owns 137,764 shares in the company, valued at $5,540,868.08. The disclosure for this sale can be found here. Insiders own 4.38% of the company's stock.
Institutional Investors Weigh In On Helmerich & Payne
A number of hedge funds have recently bought and sold shares of HP. AQR Capital Management LLC grew its holdings in Helmerich & Payne by 57.7% in the 3rd quarter. AQR Capital Management LLC now owns 148,453 shares of the oil and gas company's stock valued at $6,259,000 after buying an additional 54,302 shares during the last quarter. Alps Advisors Inc. acquired a new position in Helmerich & Payne during the 3rd quarter valued at $324,000. Penserra Capital Management LLC bought a new stake in Helmerich & Payne in the 3rd quarter valued at $818,000. Comerica Bank acquired a new stake in Helmerich & Payne in the 3rd quarter worth $4,294,000. Finally, American Century Companies Inc. increased its holdings in shares of Helmerich & Payne by 78.1% during the 3rd quarter. American Century Companies Inc. now owns 509,006 shares of the oil and gas company's stock worth $21,460,000 after purchasing an additional 223,171 shares during the period. 96.05% of the stock is currently owned by institutional investors.
Helmerich & Payne Stock Performance
HP stock traded down $0.69 during midday trading on Friday, reaching $35.35. The company had a trading volume of 925,269 shares, compared to its average volume of 1,110,018. The firm has a market capitalization of $3.49 billion, a PE ratio of 10.10, a P/E/G ratio of 3.90 and a beta of 1.47. The stock has a 50 day moving average price of $36.59 and a 200 day moving average price of $37.94. Helmerich & Payne has a fifty-two week low of $32.17 and a fifty-two week high of $46.55. The company has a quick ratio of 1.92, a current ratio of 2.16 and a debt-to-equity ratio of 0.19.
Helmerich & Payne (NYSE:HP - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.84 EPS for the quarter, missing analysts' consensus estimates of $0.85 by ($0.01). The company had revenue of $687.94 million for the quarter, compared to the consensus estimate of $682.51 million. Helmerich & Payne had a return on equity of 13.21% and a net margin of 12.84%. Helmerich & Payne's quarterly revenue was down 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.26 earnings per share. Analysts anticipate that Helmerich & Payne will post 3.46 earnings per share for the current year.
Helmerich & Payne Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $1.00 annualized dividend and a yield of 2.83%. Helmerich & Payne's dividend payout ratio (DPR) is 28.57%.
Helmerich & Payne Company Profile
(Get Free Report
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.
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