Janus Henderson Group PLC Raises Holdings in Helmerich & Payne, Inc. (NYSE:HP)

Janus Henderson Group PLC raised its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 9.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,590 shares of the oil and gas company’s stock after acquiring an additional 6,508 shares during the quarter. Janus Henderson Group PLC owned approximately 0.08% of Helmerich & Payne worth $2,269,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in HP. Covestor Ltd lifted its stake in shares of 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 purchasing an additional 643 shares during the last quarter. Blue Trust Inc. lifted 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 valued at $46,000 after purchasing an additional 854 shares during the last quarter. Headlands Technologies LLC lifted its holdings in shares of 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 valued at $56,000 after purchasing an additional 757 shares during the last quarter. Eastern Bank purchased a new stake in shares of Helmerich & Payne during the 3rd quarter valued at $61,000. Finally, KBC Group NV lifted its holdings in shares of Helmerich & Payne by 20.3% during the 3rd quarter. KBC Group NV now owns 3,130 shares of the oil and gas company’s stock valued at $95,000 after purchasing an additional 529 shares during the last quarter. 96.05% of the stock is currently owned by hedge funds and other institutional investors.

Helmerich & Payne Stock Performance

HP opened at $33.83 on Friday. Helmerich & Payne, Inc. has a 12-month low of $29.46 and a 12-month high of $44.11. The company has a current ratio of 2.67, a quick ratio of 2.40 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $3.34 billion, a PE ratio of 9.83, a P/E/G ratio of 4.07 and a beta of 1.39. The firm has a 50 day moving average of $34.67 and a two-hundred day moving average of $34.65.

Helmerich & Payne (NYSE:HP) last announced 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. The company had revenue of $693.79 million during the quarter, compared to analysts’ expectations of $695.99 million. Helmerich & Payne had a return on equity of 12.44% and a net margin of 12.48%. Helmerich & Payne’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the business earned $0.69 earnings per share. On average, analysts anticipate that Helmerich & Payne, Inc. will post 3.12 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HP. Benchmark reiterated a “hold” rating on shares of Helmerich & Payne in a report on Thursday, November 21st. Citigroup decreased their price objective on Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, September 13th. The Goldman Sachs Group decreased their price target 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. Royal Bank of Canada decreased their price target on shares of Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating for the company in a report on Friday, November 15th. Finally, Barclays decreased their price target on shares of 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 analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $38.57.

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.