Brokerages Set Helmerich & Payne, Inc. (NYSE:HP) PT at $31.90

Shares of Helmerich & Payne, Inc. (NYSE:HP) have received an average recommendation of “Hold” from the fourteen research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $32.30.

A number of research analysts have issued reports on the company. Citigroup boosted their target price on Helmerich & Payne from $29.00 to $33.00 and gave the company a “neutral” rating in a research note on Thursday, December 11th. TD Cowen boosted their price objective on Helmerich & Payne from $33.00 to $35.00 and gave the company a “hold” rating in a research report on Wednesday, January 7th. Cowen restated a “hold” rating on shares of Helmerich & Payne in a report on Wednesday, January 7th. Royal Bank Of Canada lifted their price target on shares of Helmerich & Payne from $27.00 to $29.00 and gave the company a “sector perform” rating in a research note on Thursday, November 20th. Finally, Evercore ISI increased their price objective on shares of Helmerich & Payne from $20.00 to $27.00 and gave the stock an “in-line” rating in a research report on Wednesday, November 19th.

Insider Activity

In other news, Director Hans Helmerich sold 75,000 shares of the business’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $28.12, for a total value of $2,109,000.00. Following the sale, the director directly owned 496,735 shares in the company, valued at $13,968,188.20. The trade was a 13.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 4.51% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Helmerich & Payne

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Rothschild Investment LLC boosted its position in Helmerich & Payne by 1,377.8% during the 3rd quarter. Rothschild Investment LLC now owns 1,330 shares of the oil and gas company’s stock worth $29,000 after acquiring an additional 1,240 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Helmerich & Payne by 2,433.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,647 shares of the oil and gas company’s stock valued at $25,000 after purchasing an additional 1,582 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Helmerich & Payne by 46.5% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,745 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 554 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in Helmerich & Payne by 184.3% during the third quarter. Hantz Financial Services Inc. now owns 1,831 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 1,187 shares during the last quarter. Finally, Parallel Advisors LLC grew its position in Helmerich & Payne by 407.1% in the third quarter. Parallel Advisors LLC now owns 2,226 shares of the oil and gas company’s stock valued at $49,000 after purchasing an additional 1,787 shares in the last quarter. Institutional investors and hedge funds own 96.05% of the company’s stock.

Helmerich & Payne Stock Up 3.2%

Shares of NYSE:HP opened at $32.26 on Thursday. The company has a 50 day moving average price of $28.63 and a two-hundred day moving average price of $23.05. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.40 and a current ratio of 1.80. The company has a market capitalization of $3.18 billion, a PE ratio of -19.32 and a beta of 0.56. Helmerich & Payne has a 52 week low of $14.65 and a 52 week high of $37.30.

Helmerich & Payne (NYSE:HP) last announced its quarterly earnings results on Monday, November 17th. The oil and gas company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.27). Helmerich & Payne had a negative net margin of 4.37% and a positive return on equity of 3.21%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $972.79 million. During the same period last year, the firm earned $0.76 EPS. Helmerich & Payne’s quarterly revenue was up 45.8% on a year-over-year basis. Analysts forecast that Helmerich & Payne will post 2.93 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, February 13th. Helmerich & Payne’s dividend payout ratio is -59.88%.

Helmerich & Payne Company Profile

Helmerich & Payne, Inc is a leading provider of contract drilling services to the oil and gas industry, specializing primarily in onshore drilling operations. The company designs, engineers and operates a fleet of advanced drilling rigs, including its proprietary FlexRigs, which are engineered for high efficiency, safety and rapid mobilization. Alongside core drilling services, Helmerich & Payne offers well intervention, workover and coiled tubing services, positioning itself as a comprehensive drilling solutions partner for exploration and production companies worldwide.

Founded in 1920 and headquartered in Tulsa, Oklahoma, Helmerich & Payne has grown through innovation and strategic expansion to serve diverse hydrocarbon basins.