Helmerich & Payne’s (HP) Maintains Rating Reaffirmed at VNET Group

Helmerich & Payne (NYSE:HP – Get Rating)‘s stock had its “maintains” rating reissued by stock analysts at VNET Group in a research note issued to investors on Friday, Benzinga reports.

A number of other research analysts also recently commented on HP. Morgan Stanley downgraded shares of Helmerich & Payne from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $60.00 to $45.00 in a research report on Tuesday, April 18th. TheStreet upgraded shares of Helmerich & Payne from a “c+” rating to a “b” rating in a report on Monday, January 30th. Susquehanna lowered their price target on shares of Helmerich & Payne from $72.00 to $55.00 in a report on Monday, April 3rd. Barclays lowered their price target on shares of Helmerich & Payne from $65.00 to $52.00 in a report on Tuesday, May 9th. Finally, Piper Sandler lowered their price target on shares of Helmerich & Payne from $65.00 to $50.00 in a report on Monday, May 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $54.40.

Helmerich & Payne Trading Down 0.7 %

NYSE HP opened at $32.50 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.19 and a current ratio of 2.43. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 10.69 and a beta of 1.65. The company’s 50-day simple moving average is $34.79 and its two-hundred day simple moving average is $43.02. Helmerich & Payne has a one year low of $30.41 and a one year high of $54.59.

Institutional Trading of Helmerich & Payne

A number of institutional investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. lifted its stake in Helmerich & Payne by 221.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 533 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 367 shares during the period. C M Bidwell & Associates Ltd. acquired a new stake in Helmerich & Payne during the 1st quarter valued at approximately $31,000. Hanseatic Management Services Inc. acquired a new stake in Helmerich & Payne during the 3rd quarter valued at approximately $32,000. Quarry LP acquired a new stake in Helmerich & Payne during the 1st quarter valued at approximately $43,000. Finally, CENTRAL TRUST Co acquired a new stake in Helmerich & Payne during the 4th quarter valued at approximately $44,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

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.