Helmerich & Payne, Inc. (NYSE:HP)’s stock price was up 5.3% on Friday . The company traded as high as $40.88 and last traded at $40.68, approximately 1,565,488 shares changed hands during mid-day trading. An increase of 6% from the average daily volume of 1,476,229 shares. The stock had previously closed at $38.64.

Several research firms have issued reports on HP. Deutsche Bank started coverage on shares of Helmerich & Payne in a research note on Wednesday, November 27th. They set a “sell” rating and a $34.00 target price on the stock. Bank of America lowered shares of Helmerich & Payne from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 8th. Zacks Investment Research cut shares of Helmerich & Payne from a “hold” rating to a “sell” rating and set a $40.00 price objective for the company. in a report on Tuesday, October 15th. Barclays initiated coverage on shares of Helmerich & Payne in a research report on Thursday, September 26th. They set an “overweight” rating and a $48.00 price objective on the stock. Finally, Wells Fargo & Co downgraded shares of Helmerich & Payne from an “outperform” rating to an “underperform” rating and set a $30.00 price objective on the stock. in a research report on Thursday, September 12th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $48.03.

The company has a current ratio of 2.72, a quick ratio of 2.35 and a debt-to-equity ratio of 0.12. The stock has a market cap of $4.19 billion, a P/E ratio of 23.25, a PEG ratio of 6.65 and a beta of 1.65. The company’s 50 day moving average price is $39.45 and its two-hundred day moving average price is $43.84.

Helmerich & Payne (NYSE:HP) last announced its earnings results on Thursday, November 14th. The oil and gas company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.14. Helmerich & Payne had a negative net margin of 1.20% and a positive return on equity of 4.68%. The company had revenue of $649.10 million during the quarter, compared to analyst estimates of $650.92 million. During the same period in the previous year, the business posted $0.19 earnings per share. The firm’s quarterly revenue was down 6.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Helmerich & Payne, Inc. will post 0.37 earnings per share for the current year.

In other news, CEO John W. Lindsay sold 45,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $38.61, for a total transaction of $1,737,450.00. Following the completion of the sale, the chief executive officer now owns 318,441 shares of the company’s stock, valued at approximately $12,295,007.01. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP John R. Bell sold 9,000 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $38.67, for a total value of $348,030.00. Following the completion of the sale, the vice president now owns 81,426 shares of the company’s stock, valued at $3,148,743.42. The disclosure for this sale can be found here. 4.17% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. Comerica Bank increased its stake in Helmerich & Payne by 0.4% in the 2nd quarter. Comerica Bank now owns 61,802 shares of the oil and gas company’s stock worth $3,092,000 after buying an additional 222 shares in the last quarter. Alpha Windward LLC lifted its position in shares of Helmerich & Payne by 2.7% in the second quarter. Alpha Windward LLC now owns 8,716 shares of the oil and gas company’s stock valued at $416,000 after acquiring an additional 226 shares in the last quarter. Securian Asset Management Inc boosted its stake in shares of Helmerich & Payne by 2.1% in the second quarter. Securian Asset Management Inc now owns 11,266 shares of the oil and gas company’s stock worth $570,000 after acquiring an additional 237 shares during the period. Riverhead Capital Management LLC boosted its stake in shares of Helmerich & Payne by 3.5% in the second quarter. Riverhead Capital Management LLC now owns 7,312 shares of the oil and gas company’s stock worth $370,000 after acquiring an additional 250 shares during the period. Finally, Profund Advisors LLC boosted its stake in shares of Helmerich & Payne by 3.1% in the second quarter. Profund Advisors LLC now owns 8,896 shares of the oil and gas company’s stock worth $450,000 after acquiring an additional 268 shares during the period. 90.50% of the stock is currently owned by institutional investors.

Helmerich & Payne Company Profile (NYSE:HP)

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.

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