Susquehanna Reiterates Positive Rating for Helmerich & Payne (NYSE:HP)

Helmerich & Payne (NYSE:HP – Get Rating)‘s stock had its “positive” rating reaffirmed by stock analysts at Susquehanna in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $72.00 target price on the oil and gas company’s stock. Susquehanna’s price objective would indicate a potential upside of 102.82% from the stock’s current price.

Several other research analysts also recently commented on the company. StockNews.com raised Helmerich & Payne from a “hold” rating to a “buy” rating in a report on Tuesday, January 31st. Citigroup cut their target price on Helmerich & Payne from $50.00 to $46.00 and set a “neutral” rating on the stock in a report on Wednesday, February 22nd. ATB Capital lifted their target price on Helmerich & Payne to $71.00 in a report on Monday, November 21st. Barclays lifted their target price on Helmerich & Payne to $65.00 in a report on Monday, November 21st. Finally, Morgan Stanley lifted their target price on Helmerich & Payne from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Monday, November 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $60.91.

Helmerich & Payne Trading Down 5.4 %

NYSE HP opened at $35.50 on Tuesday. The company has a quick ratio of 2.10, a current ratio of 2.30 and a debt-to-equity ratio of 0.20. Helmerich & Payne has a twelve month low of $34.63 and a twelve month high of $54.59. The company has a market cap of $3.71 billion, a price-to-earnings ratio of 26.07 and a beta of 1.67. The business’s fifty day moving average is $45.26 and its 200 day moving average is $45.80.

Helmerich & Payne (NYSE:HP – Get Rating) last released its quarterly earnings data on Tuesday, January 31st. The oil and gas company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.30. Helmerich & Payne had a return on equity of 6.43% and a net margin of 6.56%. The company had revenue of $719.60 million for the quarter, compared to the consensus estimate of $699.92 million. During the same quarter last year, the business posted ($0.45) EPS. Helmerich & Payne’s revenue for the quarter was up 75.6% on a year-over-year basis. As a group, sell-side analysts expect that Helmerich & Payne will post 4.77 EPS for the current fiscal year.

Institutional Trading of Helmerich & Payne

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HP. JPMorgan Chase & Co. increased its position in Helmerich & Payne by 2.2% in the 1st quarter. JPMorgan Chase & Co. now owns 328,890 shares of the oil and gas company’s stock valued at $14,071,000 after buying an additional 7,160 shares in the last quarter. Raymond James & Associates increased its holdings in Helmerich & Payne by 3.9% during the 1st quarter. Raymond James & Associates now owns 18,667 shares of the oil and gas company’s stock worth $799,000 after purchasing an additional 709 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in Helmerich & Payne during the 1st quarter worth approximately $353,000. HighTower Advisors LLC increased its holdings in Helmerich & Payne by 4.2% during the 1st quarter. HighTower Advisors LLC now owns 18,629 shares of the oil and gas company’s stock worth $799,000 after purchasing an additional 743 shares in the last quarter. Finally, Private Advisor Group LLC bought a new stake in Helmerich & Payne during the 1st quarter worth approximately $272,000. 92.42% of the stock is owned by institutional investors.

Helmerich & Payne Company Profile

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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.