70,259 Shares in Helmerich & Payne, Inc. $HP Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new stake in shares of Helmerich & Payne, Inc. (NYSE:HP) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 70,259 shares of the oil and gas company’s stock, valued at approximately $2,531,000. Y Intercept Hong Kong Ltd owned approximately 0.07% of Helmerich & Payne as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Balyasny Asset Management L.P. grew its position in shares of Helmerich & Payne by 174.1% during the second quarter. Balyasny Asset Management L.P. now owns 2,044,383 shares of the oil and gas company’s stock valued at $30,993,000 after purchasing an additional 1,298,510 shares in the last quarter. Encompass Capital Advisors LLC boosted its stake in Helmerich & Payne by 165.1% during the fourth quarter. Encompass Capital Advisors LLC now owns 2,081,644 shares of the oil and gas company’s stock valued at $59,702,000 after buying an additional 1,296,537 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Helmerich & Payne by 316.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,218,057 shares of the oil and gas company’s stock valued at $26,907,000 after buying an additional 925,921 shares in the last quarter. Canoe Financial LP purchased a new position in Helmerich & Payne during the 1st quarter valued at approximately $33,130,000. Finally, Deprince Race & Zollo Inc. bought a new stake in Helmerich & Payne in the 4th quarter worth approximately $23,120,000. Hedge funds and other institutional investors own 96.05% of the company’s stock.

Helmerich & Payne Stock Performance

Shares of NYSE:HP opened at $31.89 on Wednesday. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of -8.41 and a beta of 0.60. Helmerich & Payne, Inc. has a 12 month low of $15.17 and a 12 month high of $41.82. The firm’s 50-day moving average is $37.39 and its 200 day moving average is $34.93. The company has a current ratio of 1.71, a quick ratio of 1.32 and a debt-to-equity ratio of 0.71.

Helmerich & Payne (NYSE:HP) last announced its quarterly earnings data on Wednesday, May 6th. The oil and gas company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.32). Helmerich & Payne had a negative return on equity of 1.16% and a negative net margin of 9.38%.The firm had revenue of $932.36 million during the quarter, compared to the consensus estimate of $945.60 million. During the same period in the previous year, the business earned $0.01 EPS. The firm’s revenue for the quarter was down 8.2% on a year-over-year basis. Research analysts predict that Helmerich & Payne, Inc. will post -0.11 EPS for the current year.

Helmerich & Payne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, August 18th. This represents a $1.00 dividend on an annualized basis and a yield of 3.1%. Helmerich & Payne’s payout ratio is presently -26.39%.

Wall Street Analyst Weigh In

HP has been the subject of a number of research reports. The Goldman Sachs Group increased their target price on Helmerich & Payne from $35.00 to $41.00 and gave the company a “neutral” rating in a research report on Wednesday, June 3rd. Barclays upped their price target on shares of Helmerich & Payne from $39.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Royal Bank Of Canada increased their price objective on shares of Helmerich & Payne from $38.00 to $40.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Evercore raised shares of Helmerich & Payne from an “in-line” rating to an “outperform” rating and set a $43.00 price objective for the company in a research note on Friday, March 20th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Helmerich & Payne in a report on Wednesday, June 24th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $40.40.

Helmerich & Payne 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.