Helmerich & Payne (NYSE:HP) Shares Gap Up to $41.83

Helmerich & Payne, Inc. (NYSE:HPGet Rating) shares gapped up before the market opened on Wednesday . The stock had previously closed at $41.83, but opened at $43.05. Helmerich & Payne shares last traded at $42.62, with a volume of 1,111 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have commented on HP shares. Citigroup upped their price target on shares of Helmerich & Payne from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, July 6th. Barclays upped their price target on shares of Helmerich & Payne to $58.00 in a research report on Tuesday, August 9th. Piper Sandler upped their price target on shares of Helmerich & Payne from $49.00 to $53.00 and gave the company a “neutral” rating in a research report on Wednesday, June 1st. Susquehanna upped their price target on shares of Helmerich & Payne from $55.00 to $62.00 in a research report on Wednesday, June 8th. Finally, Susquehanna Bancshares upped their price target on shares of Helmerich & Payne from $55.00 to $62.00 and gave the company a “positive” rating in a research report on Wednesday, June 8th. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $51.22.

Helmerich & Payne Stock Performance

The firm has a market cap of $4.21 billion, a P/E ratio of -35.99 and a beta of 1.69. The company has a current ratio of 2.36, a quick ratio of 2.14 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average is $42.99 and its two-hundred day moving average is $44.24.

Helmerich & Payne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, November 14th. This represents a $1.00 annualized dividend and a yield of 2.50%. Helmerich & Payne’s payout ratio is -90.09%.

Insider Activity at Helmerich & Payne

In other Helmerich & Payne news, SVP Raymond John Adams III sold 1,500 shares of the stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $47.50, for a total value of $71,250.00. Following the completion of the sale, the senior vice president now owns 52,935 shares in the company, valued at approximately $2,514,412.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. 4.35% of the stock is owned by insiders.

Institutional Investors Weigh In On Helmerich & Payne

Large investors have recently modified their holdings of the stock. AdvisorNet Financial Inc increased its stake in shares of Helmerich & Payne by 90.2% during the 1st quarter. AdvisorNet Financial Inc now owns 677 shares of the oil and gas company’s stock worth $29,000 after purchasing an additional 321 shares during the last quarter. Quent Capital LLC increased its stake in shares of Helmerich & Payne by 248.0% during the 2nd quarter. Quent Capital LLC now owns 682 shares of the oil and gas company’s stock worth $29,000 after purchasing an additional 486 shares during the last quarter. Sugarloaf Wealth Management LLC purchased a new stake in shares of Helmerich & Payne during the 2nd quarter worth approximately $30,000. Harding Loevner LP increased its stake in shares of Helmerich & Payne by 316.7% during the 1st quarter. Harding Loevner LP now owns 946 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 719 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Helmerich & Payne by 60.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,034 shares of the oil and gas company’s stock worth $44,000 after purchasing an additional 390 shares during the last quarter. Hedge funds and other institutional investors own 94.61% of the company’s stock.

Helmerich & Payne Company Profile

(Get Rating)

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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