Aventail Capital Group LP Buys Shares of 190,532 Helmerich & Payne, Inc. $HP

Aventail Capital Group LP bought a new stake in shares of Helmerich & Payne, Inc. (NYSE:HP) in the 4th quarter, Holdings Channel reports. The institutional investor bought 190,532 shares of the oil and gas company’s stock, valued at approximately $5,464,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Leonteq Securities AG acquired a new stake in Helmerich & Payne during the 4th quarter worth $26,000. Rothschild Investment LLC raised its stake 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 buying an additional 1,240 shares during the period. EverSource Wealth Advisors LLC raised its stake in Helmerich & Payne by 2,433.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,647 shares of the oil and gas company’s stock worth $25,000 after buying an additional 1,582 shares during the period. Parallel Advisors LLC raised its stake in Helmerich & Payne by 407.1% during the 3rd quarter. Parallel Advisors LLC now owns 2,226 shares of the oil and gas company’s stock worth $49,000 after buying an additional 1,787 shares during the period. Finally, Hantz Financial Services Inc. raised its stake in Helmerich & Payne by 24.3% during the 4th quarter. Hantz Financial Services Inc. now owns 2,276 shares of the oil and gas company’s stock worth $65,000 after buying an additional 445 shares during the period. Institutional investors own 96.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HP. Susquehanna raised their price objective on Helmerich & Payne from $42.00 to $43.00 and gave the stock a “positive” rating in a research note on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Helmerich & Payne in a research note on Friday, March 27th. Evercore raised Helmerich & Payne from an “in-line” rating to an “outperform” rating and set a $43.00 price objective on the stock in a research note on Friday, March 20th. Barclays raised their price objective on Helmerich & Payne from $39.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Finally, Piper Sandler increased their target price on Helmerich & Payne from $41.00 to $43.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $40.60.

Helmerich & Payne Price Performance

Shares of NYSE HP opened at $35.78 on Thursday. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of -9.44 and a beta of 0.59. The business has a 50-day moving average of $38.04 and a 200-day moving average of $34.55. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 1.32. Helmerich & Payne, Inc. has a fifty-two week low of $15.08 and a fifty-two week high of $41.82.

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 for the quarter, missing the consensus estimate of ($0.06) by ($0.32). Helmerich & Payne had a negative net margin of 9.38% and a negative return on equity of 1.16%. The company had revenue of $932.36 million during the quarter, compared to the consensus estimate of $945.60 million. During the same quarter in the previous year, the business earned $0.01 EPS. Helmerich & Payne’s revenue was down 8.2% on a year-over-year basis. As a group, sell-side analysts predict that Helmerich & Payne, Inc. will post -0.02 earnings per share for the current fiscal year.

Helmerich & Payne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Tuesday, August 18th. Helmerich & Payne’s payout ratio is currently -26.39%.

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.