ATB Capital Increases Helmerich & Payne (NYSE:HP) Price Target to $71.00

Helmerich & Payne (NYSE:HPGet Rating) had its price objective raised by ATB Capital to $71.00 in a report released on Monday, Stock Target Advisor reports.

Several other equities research analysts have also issued reports on HP. Susquehanna Bancshares lifted their price target on shares of Helmerich & Payne from $62.00 to $65.00 and gave the company a positive rating in a research note on Friday. Piper Sandler lifted their price objective on shares of Helmerich & Payne from $61.00 to $65.00 and gave the company an overweight rating in a research report on Friday. Royal Bank of Canada lifted their price objective on shares of Helmerich & Payne from $63.00 to $68.00 and gave the company an outperform rating in a research report on Friday. Barclays lifted their price objective on shares of Helmerich & Payne to $58.00 in a research report on Tuesday, August 9th. Finally, StockNews.com initiated coverage on shares of Helmerich & Payne in a research report on Wednesday, October 12th. They issued a hold rating for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $60.55.

Helmerich & Payne Trading Down 4.6 %

Shares of NYSE:HP opened at $51.24 on Monday. Helmerich & Payne has a 12 month low of $20.93 and a 12 month high of $54.59. The company has a quick ratio of 2.32, a current ratio of 2.54 and a debt-to-equity ratio of 0.20. The company’s fifty day simple moving average is $45.06 and its 200 day simple moving average is $44.58. The firm has a market cap of $5.40 billion, a price-to-earnings ratio of 1,025.01 and a beta of 1.75.

Helmerich & Payne (NYSE:HPGet Rating) last issued its quarterly earnings results on Thursday, November 17th. The oil and gas company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.03. Helmerich & Payne had a net margin of 0.34% and a return on equity of 0.45%. The firm had revenue of $631.33 million for the quarter, compared to analyst estimates of $597.29 million. During the same period in the previous year, the business earned ($0.62) EPS. The company’s revenue was up 83.6% compared to the same quarter last year. As a group, research analysts forecast that Helmerich & Payne will post 3.77 EPS for the current fiscal year.

Helmerich & Payne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Monday, November 14th. Helmerich & Payne’s dividend payout ratio is 2,000.40%.

Insider Buying and Selling

In related news, SVP John R. Bell sold 4,314 shares of the company’s stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $50.00, for a total transaction of $215,700.00. Following the completion of the transaction, the senior vice president now directly owns 117,395 shares in the company, valued at approximately $5,869,750. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, SVP Raymond John Adams III sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $47.50, for a total transaction of $71,250.00. Following the completion of the transaction, the senior vice president now directly owns 52,935 shares in the company, valued at approximately $2,514,412.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP John R. Bell sold 4,314 shares of the business’s stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $50.00, for a total transaction of $215,700.00. Following the sale, the senior vice president now directly owns 117,395 shares in the company, valued at $5,869,750. The disclosure for this sale can be found here. 4.35% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Helmerich & Payne

A number of institutional investors have recently added to or reduced their stakes in HP. Mutual of America Capital Management LLC grew its holdings in Helmerich & Payne by 3.1% during the 1st quarter. Mutual of America Capital Management LLC now owns 15,203 shares of the oil and gas company’s stock worth $650,000 after acquiring an additional 461 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Helmerich & Payne by 13.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 61,577 shares of the oil and gas company’s stock worth $2,634,000 after acquiring an additional 7,136 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Helmerich & Payne by 80.0% during the 1st quarter. Victory Capital Management Inc. now owns 22,061 shares of the oil and gas company’s stock worth $1,015,000 after acquiring an additional 9,806 shares during the last quarter. Legacy Financial Advisors Inc. bought a new stake in Helmerich & Payne during the 1st quarter worth approximately $261,000. Finally, Advisor Group Holdings Inc. grew its holdings in Helmerich & Payne by 49.6% during the 1st quarter. Advisor Group Holdings Inc. now owns 69,782 shares of the oil and gas company’s stock worth $2,908,000 after acquiring an additional 23,123 shares during the last quarter. 94.61% of the stock is owned by institutional investors.

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.

Featured Articles

Analyst Recommendations for Helmerich & Payne (NYSE:HP)

Receive News & Ratings for Helmerich & Payne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helmerich & Payne and related companies with MarketBeat.com's FREE daily email newsletter.