Helmerich & Payne, Inc. (NYSE:HP) Given Average Rating of “Reduce” by Analysts

Shares of Helmerich & Payne, Inc. (NYSE:HP) have been assigned an average rating of “Reduce” from the ten research firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $42.00.

Several analysts have commented on HP shares. Benchmark restated a “hold” rating on shares of Helmerich & Payne in a research note on Thursday, April 25th. Citigroup upped their price target 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. Royal Bank of Canada lifted their price objective on Helmerich & Payne from $46.00 to $48.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 31st. Susquehanna decreased their price objective on Helmerich & Payne from $52.00 to $50.00 and set a “positive” rating for the company in a report on Friday, April 26th. Finally, Piper Sandler dropped their target price on Helmerich & Payne from $44.00 to $39.00 and set a “neutral” rating on the stock in a report on Monday, May 6th.

Insider Buying and Selling at Helmerich & Payne

In other Helmerich & Payne news, SVP Cara M. Hair sold 9,910 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $40.22, for a total transaction of $398,580.20. Following the sale, the senior vice president now owns 137,764 shares of the company’s stock, valued at $5,540,868.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Helmerich & Payne news, CFO Mark W. Smith sold 16,000 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $40.49, for a total transaction of $647,840.00. Following the completion of the sale, the chief financial officer now directly owns 144,870 shares of the company’s stock, valued at approximately $5,865,786.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Cara M. Hair sold 9,910 shares of Helmerich & Payne stock in a transaction on Monday, April 29th. The shares were sold at an average price of $40.22, for a total transaction of $398,580.20. Following the completion of the transaction, the senior vice president now owns 137,764 shares in the company, valued at $5,540,868.08. The disclosure for this sale can be found here. Insiders own 4.38% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in HP. Headlands Technologies LLC purchased a new stake in shares of Helmerich & Payne in the first quarter valued at about $33,000. Principal Securities Inc. acquired a new stake in shares of Helmerich & Payne in the fourth quarter worth approximately $35,000. Hexagon Capital Partners LLC grew its stake in shares of Helmerich & Payne by 514.4% during the 1st quarter. Hexagon Capital Partners LLC now owns 940 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 787 shares during the period. Covestor Ltd grew its position in Helmerich & Payne by 253.4% during the first quarter. Covestor Ltd now owns 940 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 674 shares during the period. Finally, Whittier Trust Co. grew its holdings in shares of Helmerich & Payne by 94.9% during the 1st quarter. Whittier Trust Co. now owns 1,222 shares of the oil and gas company’s stock worth $51,000 after purchasing an additional 595 shares during the period. 96.05% of the stock is currently owned by institutional investors and hedge funds.

Helmerich & Payne Price Performance

NYSE HP opened at $37.16 on Friday. The firm’s fifty day simple moving average is $40.57 and its two-hundred day simple moving average is $38.32. The firm has a market capitalization of $3.67 billion, a P/E ratio of 10.62, a P/E/G ratio of 4.12 and a beta of 1.51. The company has a current ratio of 2.16, a quick ratio of 1.92 and a debt-to-equity ratio of 0.19. Helmerich & Payne has a 12-month low of $30.85 and a 12-month high of $46.55.

Helmerich & Payne (NYSE:HP) last released its earnings results on Thursday, April 25th. The oil and gas company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.01). The company had revenue of $687.94 million during the quarter, compared to analyst estimates of $682.51 million. Helmerich & Payne had a return on equity of 13.21% and a net margin of 12.84%. The firm’s revenue for the quarter was down 10.6% on a year-over-year basis. During the same quarter last year, the business earned $1.26 earnings per share. Analysts forecast that Helmerich & Payne will post 3.47 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.68 annualized dividend and a yield of 4.52%. Helmerich & Payne’s dividend payout ratio (DPR) is 28.57%.

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.