Helmerich & Payne, Inc. (NYSE:HP) has earned an average recommendation of “Hold” from the twenty-five ratings firms that are covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $56.84.

Several research firms recently issued reports on HP. BMO Capital Markets set a $54.00 price target on shares of Helmerich & Payne and gave the stock a “sell” rating in a report on Wednesday, April 12th. Zacks Investment Research cut shares of Helmerich & Payne from a “buy” rating to a “hold” rating in a report on Monday, April 10th. Jefferies Group LLC set a $55.00 target price on shares of Helmerich & Payne and gave the company a “sell” rating in a report on Monday, April 24th. Goldman Sachs Group Inc cut shares of Helmerich & Payne from a “neutral” rating to a “sell” rating and dropped their target price for the company from $63.00 to $45.00 in a report on Monday, May 22nd. Finally, Iberia Capital raised shares of Helmerich & Payne from a “sector perform” rating to an “outperform” rating and set a $74.00 target price for the company in a report on Thursday, May 4th.

Hedge funds have recently made changes to their positions in the company. Ibex Wealth Advisors purchased a new stake in shares of Helmerich & Payne during the fourth quarter worth about $148,000. Ameritas Investment Partners Inc. bought a new position in Helmerich & Payne during the first quarter worth $172,000. Mn Services Vermogensbeheer B.V. increased its position in Helmerich & Payne by 4.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,885 shares of the oil and gas company’s stock worth $180,000 after buying an additional 116 shares in the last quarter. Tompkins Financial Corp increased its position in Helmerich & Payne by 244.4% in the first quarter. Tompkins Financial Corp now owns 3,375 shares of the oil and gas company’s stock worth $198,000 after buying an additional 2,395 shares in the last quarter. Finally, Marshall Wace North America L.P. bought a new position in Helmerich & Payne during the first quarter worth $209,000.

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Helmerich & Payne (NYSE HP) traded down 0.40% during midday trading on Friday, hitting $49.34. The stock had a trading volume of 1,620,863 shares. The stock’s market cap is $5.36 billion. The stock has a 50 day moving average of $53.95 and a 200 day moving average of $62.28. Helmerich & Payne has a 12 month low of $48.62 and a 12 month high of $85.78.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings results on Thursday, July 27th. The oil and gas company reported ($0.25) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.30) by $0.05. The firm had revenue of $498.60 million during the quarter, compared to analysts’ expectations of $452.42 million. Helmerich & Payne had a negative net margin of 11.19% and a negative return on equity of 3.37%. The firm’s revenue for the quarter was up 36.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.20) earnings per share. Analysts expect that Helmerich & Payne will post ($1.32) EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, August 16th. This represents a $2.80 dividend on an annualized basis and a yield of 5.67%. Helmerich & Payne’s dividend payout ratio (DPR) is currently -167.66%.

Helmerich & Payne Company Profile

Helmerich & Payne, Inc is engaged in contract drilling of oil and gas wells for others. The Company operates in the contract drilling industry. The Company’s contract drilling business consists of three segments: U.S. Land, Offshore and International Land. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology.

Analyst Recommendations for Helmerich & Payne (NYSE:HP)

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