Cara Hair Sells 11,149 Shares of Helmerich & Payne (NYSE:HP) Stock

Helmerich & Payne, Inc. (NYSE:HP) SVP Cara Hair sold 11,149 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $44.27, for a total value of $493,566.23. Following the sale, the senior vice president owned 136,095 shares in the company, valued at $6,024,925.65. The trade was a 7.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Helmerich & Payne Price Performance

Shares of HP opened at $43.77 on Thursday. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of -31.04 and a beta of 0.61. The stock has a 50 day moving average of $35.69 and a 200-day moving average of $36.23. The company has a current ratio of 1.96, a quick ratio of 1.55 and a debt-to-equity ratio of 0.69. Helmerich & Payne, Inc. has a 52 week low of $17.35 and a 52 week high of $45.00.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.20). The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $987.70 million. Helmerich & Payne had a negative net margin of 3.43% and a negative return on equity of 2.35%. Helmerich & Payne’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.22 earnings per share. As a group, analysts forecast that Helmerich & Payne, Inc. will post -0.12 EPS for the current year.

Helmerich & Payne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, August 18th. This represents a $1.00 annualized dividend and a yield of 2.3%. Helmerich & Payne’s payout ratio is presently -70.92%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HP. The Goldman Sachs Group raised their price target on shares of Helmerich & Payne from $35.00 to $41.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. Weiss Ratings raised shares of Helmerich & Payne from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 12th. Susquehanna increased their price objective on shares of Helmerich & Payne from $40.00 to $44.00 and gave the stock a “positive” rating in a research note on Friday, August 7th. Piper Sandler raised their target price on shares of Helmerich & Payne from $41.00 to $43.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Finally, Royal Bank Of Canada lifted their target price on Helmerich & Payne from $38.00 to $40.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $40.50.

Institutional Trading of Helmerich & Payne

Several hedge funds have recently bought and sold shares of the company. William B. Walkup & Associates Inc. grew its position in Helmerich & Payne by 1.0% in the 1st quarter. William B. Walkup & Associates Inc. now owns 35,241 shares of the oil and gas company’s stock worth $1,270,000 after purchasing an additional 355 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Helmerich & Payne by 1.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 22,761 shares of the oil and gas company’s stock valued at $653,000 after buying an additional 400 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Helmerich & Payne by 24.3% during the fourth quarter. Hantz Financial Services Inc. now owns 2,276 shares of the oil and gas company’s stock valued at $65,000 after buying an additional 445 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of Helmerich & Payne by 2.6% during the fourth quarter. Cerity Partners LLC now owns 19,339 shares of the oil and gas company’s stock valued at $555,000 after buying an additional 498 shares during the last quarter. Finally, KLCM Advisors Inc. boosted its position in shares of Helmerich & Payne by 5.5% during the fourth quarter. KLCM Advisors Inc. now owns 10,550 shares of the oil and gas company’s stock worth $303,000 after buying an additional 550 shares during the period. 96.05% of the stock is currently owned by institutional investors.

About Helmerich & Payne

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.