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

Helmerich & Payne, Inc. (NYSE:HP) has been given a consensus rating of “Hold” by the eleven analysts that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $40.88.

HP has been the subject of several research analyst reports. Benchmark reiterated a “hold” rating on shares of Helmerich & Payne in a report on Monday, August 5th. Bank of America reduced their price target on shares of Helmerich & Payne from $42.50 to $40.00 and set a “buy” rating for the company in a report on Monday, July 15th. Citigroup reduced their price target on shares of Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Royal Bank of Canada upped their price target on shares of Helmerich & Payne from $48.00 to $50.00 and gave the company a “sector perform” rating in a report on Friday, July 26th. Finally, The Goldman Sachs Group reduced their target price 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.

Institutional Trading of Helmerich & Payne

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ridgewood Investments LLC raised its position in Helmerich & Payne by 2.5% during the first quarter. Ridgewood Investments LLC now owns 12,852 shares of the oil and gas company’s stock worth $541,000 after acquiring an additional 308 shares in the last quarter. Arizona State Retirement System raised its position in Helmerich & Payne by 1.3% during the second quarter. Arizona State Retirement System now owns 27,667 shares of the oil and gas company’s stock worth $1,000,000 after acquiring an additional 342 shares in the last quarter. Lindbrook Capital LLC raised its position in Helmerich & Payne by 26.4% during the first quarter. Lindbrook Capital LLC now owns 1,698 shares of the oil and gas company’s stock worth $71,000 after acquiring an additional 355 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Helmerich & Payne by 2.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 22,002 shares of the oil and gas company’s stock worth $795,000 after acquiring an additional 513 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Helmerich & Payne by 29.2% during the first quarter. GAMMA Investing LLC now owns 2,618 shares of the oil and gas company’s stock worth $110,000 after acquiring an additional 592 shares in the last quarter. 96.05% of the stock is owned by institutional investors.

Helmerich & Payne Stock Up 2.9 %

Shares of NYSE HP opened at $32.25 on Friday. The stock has a market cap of $3.18 billion, a P/E ratio of 9.21, a P/E/G ratio of 3.29 and a beta of 1.42. The firm has a 50 day moving average price of $34.82 and a 200 day moving average price of $37.27. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.87 and a current ratio of 2.12. Helmerich & Payne has a 52-week low of $29.46 and a 52-week high of $45.48.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings results on Wednesday, July 24th. The oil and gas company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.15. The company had revenue of $697.70 million during the quarter, compared to analysts’ expectations of $670.78 million. Helmerich & Payne had a net margin of 12.72% and a return on equity of 12.39%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.09 earnings per share. Analysts expect that Helmerich & Payne will post 3.57 EPS for the current year.

Helmerich & Payne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.10%. The ex-dividend date is Monday, November 18th. Helmerich & Payne’s dividend payout ratio (DPR) is currently 28.57%.

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.