Helmerich & Payne’s (HP) “Hold” Rating Reaffirmed at Benchmark

Helmerich & Payne (NYSE:HP)‘s stock had its “hold” rating reissued by stock analysts at Benchmark in a research note issued on Thursday, Benzinga reports.

A number of other equities analysts have also recently issued reports on the stock. Piper Sandler raised their price objective on shares of Helmerich & Payne from $41.00 to $44.00 and gave the company a “neutral” rating in a research note on Tuesday, February 20th. Susquehanna boosted their price objective on shares of Helmerich & Payne from $50.00 to $52.00 and gave the company a “positive” rating in a report on Monday, April 8th. Citigroup boosted their price objective on shares of Helmerich & Payne from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Barclays cut shares of Helmerich & Payne from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $44.00 to $40.00 in a report on Wednesday, January 10th. Finally, Royal Bank of Canada upped their price target on shares of Helmerich & Payne from $46.00 to $48.00 and gave the company a “sector perform” rating in a report on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $42.88.

Helmerich & Payne Stock Performance

Helmerich & Payne stock traded down $2.28 on Thursday, hitting $40.15. The company’s stock had a trading volume of 682,419 shares, compared to its average volume of 1,293,317. The firm has a market cap of $3.97 billion, a P/E ratio of 9.58, a price-to-earnings-growth ratio of 2.03 and a beta of 1.51. The company has a quick ratio of 1.89, a current ratio of 2.11 and a debt-to-equity ratio of 0.20. The company has a fifty day moving average price of $40.71 and a 200-day moving average price of $38.70. Helmerich & Payne has a one year low of $30.41 and a one year high of $46.55.

Helmerich & Payne (NYSE:HP) last posted its earnings results on Tuesday, January 30th. The oil and gas company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.24. The business had revenue of $677.00 million for the quarter, compared to analyst estimates of $661.81 million. Helmerich & Payne had a net margin of 15.27% and a return on equity of 15.06%. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.11 EPS. On average, equities analysts anticipate that Helmerich & Payne will post 3.59 earnings per share for the current year.

Institutional Trading of Helmerich & Payne

Hedge funds have recently bought and sold shares of the business. Global Alpha Capital Management Ltd. raised its stake in shares of Helmerich & Payne by 51.6% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 559,491 shares of the oil and gas company’s stock worth $23,588,000 after purchasing an additional 190,400 shares during the period. Boston Trust Walden Corp raised its stake in Helmerich & Payne by 1.6% in the 4th quarter. Boston Trust Walden Corp now owns 2,214,742 shares of the oil and gas company’s stock valued at $80,218,000 after acquiring an additional 34,863 shares during the period. Gotham Asset Management LLC lifted its stake in Helmerich & Payne by 92.7% in the third quarter. Gotham Asset Management LLC now owns 59,596 shares of the oil and gas company’s stock worth $2,513,000 after acquiring an additional 28,675 shares during the period. Dark Forest Capital Management LP purchased a new position in Helmerich & Payne during the third quarter valued at $1,053,000. Finally, Deutsche Bank AG lifted its position in Helmerich & Payne by 37.4% during the third quarter. Deutsche Bank AG now owns 61,596 shares of the oil and gas company’s stock valued at $2,597,000 after buying an additional 16,774 shares during the period. Institutional investors and hedge funds own 96.05% of the company’s stock.

Helmerich & Payne Company Profile

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.