Barclays Issues Pessimistic Forecast for Helmerich & Payne (NYSE:HP) Stock Price

Helmerich & Payne (NYSE:HP) had its price objective cut by analysts at Barclays from $39.00 to $36.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the oil and gas company’s stock. Barclays‘s price target points to a potential upside of 4.04% from the company’s current price.

HP has been the topic of a number of other reports. Evercore ISI raised Helmerich & Payne to a “strong-buy” rating in a report on Friday, July 26th. Citigroup lowered their price target on shares of Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating on the stock in a research report on Friday, September 13th. The Goldman Sachs Group cut their price objective on shares of Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating for the company in a report on Thursday, August 29th. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a report on Monday, August 5th. Finally, Royal Bank of Canada cut 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Helmerich & Payne has a consensus rating of “Hold” and an average target price of $38.57.

Helmerich & Payne Trading Up 2.6 %

HP stock opened at $34.60 on Wednesday. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 10.06, a price-to-earnings-growth ratio of 3.97 and a beta of 1.40. The company has a fifty day moving average price of $33.73 and a two-hundred day moving average price of $35.04. Helmerich & Payne has a one year low of $29.46 and a one 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.

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 the consensus estimate of $0.76. Helmerich & Payne had a net margin of 12.48% and a return on equity of 12.44%. The firm had revenue of $693.79 million for the quarter, compared to analysts’ expectations of $695.99 million. During the same period in the prior year, the firm earned $0.69 EPS. The business’s revenue was up 5.2% on a year-over-year basis. Equities analysts anticipate that Helmerich & Payne will post 3.21 EPS for the current year.

Institutional Trading of Helmerich & Payne

A number of hedge funds have recently added to or reduced their stakes in the stock. Arizona State Retirement System increased its holdings in Helmerich & Payne by 1.3% in the 2nd quarter. Arizona State Retirement System now owns 27,667 shares of the oil and gas company’s stock worth $1,000,000 after purchasing an additional 342 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of Helmerich & Payne by 2.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 22,002 shares of the oil and gas company’s stock valued at $795,000 after buying an additional 513 shares during the period. KBC Group NV raised its holdings in Helmerich & Payne by 20.3% in the 3rd quarter. KBC Group NV now owns 3,130 shares of the oil and gas company’s stock valued at $95,000 after buying an additional 529 shares during the last quarter. Covestor Ltd boosted its position in Helmerich & Payne by 76.9% during the 3rd quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company’s stock worth $45,000 after buying an additional 643 shares during the period. Finally, Headlands Technologies LLC grew its holdings in Helmerich & Payne by 96.9% during the 2nd quarter. Headlands Technologies LLC now owns 1,538 shares of the oil and gas company’s stock worth $56,000 after acquiring an additional 757 shares during the last quarter. Institutional investors and hedge funds own 96.05% of the company’s stock.

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.