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

Helmerich & Payne, Inc. (NYSE:HPGet Free Report) has been given a consensus recommendation of “Hold” by the nine research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $39.50.

HP has been the subject of several recent research reports. Citigroup raised Helmerich & Payne from a “neutral” rating to a “buy” rating and upped their target price for the company from $33.00 to $40.00 in a report on Friday, January 10th. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a research report on Thursday, November 21st. Barclays reduced their price target on shares of Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating for the company in a report on Wednesday, November 20th. Royal Bank of Canada cut their price objective on shares of Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating on the stock in a research report on Friday, November 15th. Finally, Evercore ISI restated an “in-line” rating and issued a $39.00 target price (down previously from $48.00) on shares of Helmerich & Payne in a research report on Wednesday, January 15th.

Read Our Latest Research Report on HP

Institutional Trading of Helmerich & Payne

A number of hedge funds and other institutional investors have recently modified their holdings of HP. Covestor Ltd grew its holdings in Helmerich & Payne by 76.9% during the third quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company’s stock worth $45,000 after acquiring an additional 643 shares during the period. Blue Trust Inc. grew its position in Helmerich & Payne by 127.8% in the third quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company’s stock worth $46,000 after buying an additional 854 shares during the last quarter. Quarry LP acquired a new position in shares of Helmerich & Payne in the 3rd quarter worth $48,000. Eastern Bank acquired a new stake in shares of Helmerich & Payne during the third quarter worth $61,000. Finally, Steph & Co. purchased a new stake in shares of Helmerich & Payne during the fourth quarter valued at $87,000. Institutional investors own 96.05% of the company’s stock.

Helmerich & Payne Price Performance

Shares of NYSE HP opened at $33.83 on Thursday. The business has a 50 day simple moving average of $33.73 and a 200-day simple moving average of $34.16. Helmerich & Payne has a twelve month low of $29.46 and a twelve month high of $44.11. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 9.83, a price-to-earnings-growth ratio of 4.45 and a beta of 1.39. The company has a current ratio of 2.67, a quick ratio of 2.40 and a debt-to-equity ratio of 0.61.

Helmerich & Payne (NYSE:HPGet Free Report) last issued its earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.76. The company had revenue of $693.79 million for the quarter, compared to analysts’ expectations of $695.99 million. Helmerich & Payne had a net margin of 12.48% and a return on equity of 12.44%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.69 earnings per share. As a group, equities research analysts expect that Helmerich & Payne will post 3.06 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.96%. The ex-dividend date is Friday, February 14th. Helmerich & Payne’s dividend payout ratio (DPR) is presently 29.07%.

Helmerich & Payne Company Profile

(Get Free Report

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.

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Analyst Recommendations for Helmerich & Payne (NYSE:HP)

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