Helmerich & Payne (NYSE:HP) PT Raised to $65.00

Helmerich & Payne (NYSE:HPGet Rating) had its price target hoisted by Barclays to $65.00 in a research note released on Monday, Stock Target Advisor reports.

A number of other analysts have also weighed in on HP. Susquehanna Bancshares increased their target price on Helmerich & Payne from $62.00 to $65.00 and gave the stock a positive rating in a research note on Friday. Susquehanna increased their target price on Helmerich & Payne from $62.00 to $65.00 and gave the stock a positive rating in a research note on Friday. Royal Bank of Canada increased their target price on Helmerich & Payne from $63.00 to $68.00 and gave the stock an outperform rating in a research note on Friday. Piper Sandler increased their target price on Helmerich & Payne from $61.00 to $65.00 and gave the stock an overweight rating in a research note on Friday. Finally, Morgan Stanley increased their target price on Helmerich & Payne from $55.00 to $60.00 and gave the stock an equal weight rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $60.55.

Helmerich & Payne Stock Performance

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

Helmerich & Payne (NYSE:HPGet Rating) last released its quarterly earnings results on Thursday, November 17th. The oil and gas company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.03. Helmerich & Payne had a return on equity of 0.45% and a net margin of 0.34%. The company had revenue of $631.33 million for the quarter, compared to analyst estimates of $597.29 million. During the same quarter in the prior year, the firm posted ($0.62) EPS. Helmerich & Payne’s quarterly revenue was up 83.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Helmerich & Payne will post 3.77 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.95%. The ex-dividend date is Monday, November 14th. Helmerich & Payne’s dividend payout ratio is presently 2,000.40%.

Insiders Place Their Bets

In other news, SVP John R. Bell sold 4,314 shares of the firm’s stock in a transaction dated Wednesday, October 26th. The stock was sold at an average price of $50.00, for a total value 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 $5,869,750. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, SVP Raymond John Adams III sold 1,500 shares of Helmerich & Payne stock in a transaction that occurred on Wednesday, September 14th. The stock was 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 $2,514,412.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP John R. Bell sold 4,314 shares of Helmerich & Payne stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $50.00, for a total value of $215,700.00. Following the transaction, the senior vice president now owns 117,395 shares of the company’s stock, valued at $5,869,750. The disclosure for this sale can be found here. Corporate insiders own 4.35% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HP. Mutual of America Capital Management LLC raised its position in Helmerich & Payne by 3.1% during the first quarter. Mutual of America Capital Management LLC now owns 15,203 shares of the oil and gas company’s stock valued at $650,000 after acquiring an additional 461 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Helmerich & Payne by 13.1% during the first quarter. Envestnet Asset Management Inc. now owns 61,577 shares of the oil and gas company’s stock valued at $2,634,000 after acquiring an additional 7,136 shares in the last quarter. Victory Capital Management Inc. raised its position in Helmerich & Payne by 80.0% during the first quarter. Victory Capital Management Inc. now owns 22,061 shares of the oil and gas company’s stock valued at $1,015,000 after acquiring an additional 9,806 shares in the last quarter. Legacy Financial Advisors Inc. purchased a new position in Helmerich & Payne during the first quarter valued at approximately $261,000. Finally, Advisor Group Holdings Inc. raised its position in Helmerich & Payne by 49.6% during the first quarter. Advisor Group Holdings Inc. now owns 69,782 shares of the oil and gas company’s stock valued at $2,908,000 after acquiring an additional 23,123 shares in the last quarter. 94.61% of the stock is currently owned by hedge funds and other 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.

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