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.

Analyst Recommendations for Helmerich & Payne (NYSE:HP)

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