Helmerich & Payne, Inc. (HP) Given Consensus Rating of “Hold” by Analysts
Helmerich & Payne, Inc. (NYSE:HP) has earned a consensus rating of “Hold” from the twenty-six brokerages that are covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $56.50.
A number of analysts have recently weighed in on the stock. UBS AG restated a “buy” rating and issued a $86.00 target price (down from $91.00) on shares of Helmerich & Payne in a report on Tuesday, May 2nd. Cowen and Company restated a “hold” rating and issued a $50.00 target price on shares of Helmerich & Payne in a report on Friday, August 11th. Royal Bank Of Canada set a $80.00 target price on shares of Helmerich & Payne and gave the stock a “hold” rating in a report on Saturday, July 1st. Jefferies Group LLC set a $54.00 target price on shares of Helmerich & Payne and gave the stock a “hold” rating in a report on Tuesday, June 6th. Finally, Citigroup Inc. downgraded shares of Helmerich & Payne from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $58.00 to $43.00 in a report on Friday, July 28th.
Shares of Helmerich & Payne (HP) traded up 1.34% during midday trading on Friday, hitting $44.78. The company’s stock had a trading volume of 1,649,496 shares. The stock’s 50 day moving average is $49.93 and its 200-day moving average is $58.82. The firm’s market cap is $4.86 billion. Helmerich & Payne has a 52-week low of $43.00 and a 52-week high of $85.78.
Helmerich & Payne (NYSE:HP) last posted its earnings results on Thursday, July 27th. The oil and gas company reported ($0.25) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.05. Helmerich & Payne had a negative net margin of 11.19% and a negative return on equity of 3.37%. The firm had revenue of $498.60 million for the quarter, compared to the consensus estimate of $452.42 million. During the same period in the previous year, the firm posted ($0.20) EPS. The business’s quarterly revenue was up 36.0% on a year-over-year basis. Equities analysts predict that Helmerich & Payne will post ($1.32) EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.80 annualized dividend and a dividend yield of 6.25%. Helmerich & Payne’s dividend payout ratio is currently -167.66%.
Several large investors have recently bought and sold shares of the stock. Sentry Investment Management LLC raised its stake in Helmerich & Payne by 14.9% in the second quarter. Sentry Investment Management LLC now owns 8,218 shares of the oil and gas company’s stock valued at $447,000 after buying an additional 1,066 shares in the last quarter. Toronto Dominion Bank raised its stake in Helmerich & Payne by 25.6% in the second quarter. Toronto Dominion Bank now owns 36,779 shares of the oil and gas company’s stock valued at $1,998,000 after buying an additional 7,488 shares in the last quarter. Advisory Services Network LLC raised its stake in Helmerich & Payne by 14.5% in the second quarter. Advisory Services Network LLC now owns 5,479 shares of the oil and gas company’s stock valued at $298,000 after buying an additional 693 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Helmerich & Payne by 6.5% in the second quarter. Public Employees Retirement System of Ohio now owns 47,298 shares of the oil and gas company’s stock valued at $2,570,000 after buying an additional 2,884 shares in the last quarter. Finally, Sterling Capital Management LLC raised its stake in Helmerich & Payne by 66.9% in the second quarter. Sterling Capital Management LLC now owns 33,438 shares of the oil and gas company’s stock valued at $1,817,000 after buying an additional 13,405 shares in the last quarter.
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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.
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