Helmerich & Payne, Inc. (NYSE:HP) Given Consensus Rating of “Hold” by Analysts

Helmerich & Payne, Inc. (NYSE:HP) has been given an average recommendation of “Hold” by the nine analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $38.57.

A number of equities analysts recently commented on the company. Benchmark restated a “hold” rating on shares of Helmerich & Payne in a report on Thursday, November 21st. Barclays decreased their price objective on Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating for the company in a report on Wednesday, November 20th. Royal Bank of Canada dropped their target price on shares of Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating on the stock in a report on Friday, November 15th. Citigroup cut their price target on Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating on the stock in a research note on Friday, September 13th. Finally, The Goldman Sachs Group lowered their price objective on Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating for the company in a research note on Thursday, August 29th.

Helmerich & Payne Price Performance

HP stock opened at $33.24 on Wednesday. The company has a current ratio of 2.67, a quick ratio of 2.40 and a debt-to-equity ratio of 0.61. The firm’s 50-day moving average price is $34.50 and its two-hundred day moving average price is $34.70. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 9.66, a PEG ratio of 4.29 and a beta of 1.39. Helmerich & Payne has a 12-month low of $29.46 and a 12-month high of $44.11.

Helmerich & Payne (NYSE:HP) last announced its quarterly earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.76. Helmerich & Payne had a return on equity of 12.44% and a net margin of 12.48%. The company had revenue of $693.79 million for the quarter, compared to the consensus estimate of $695.99 million. During the same quarter in the previous year, the business earned $0.69 EPS. Helmerich & Payne’s revenue was up 5.2% compared to the same quarter last year. As a group, equities analysts predict that Helmerich & Payne will post 3.12 earnings per share for the current year.

Helmerich & Payne Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date was Monday, November 18th. Helmerich & Payne’s payout ratio is 29.07%.

Hedge Funds Weigh In On Helmerich & Payne

Several hedge funds and other institutional investors have recently bought and sold shares of HP. Covestor Ltd raised its stake in Helmerich & Payne by 76.9% during the 3rd quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company’s stock valued at $45,000 after buying an additional 643 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Helmerich & Payne by 127.8% in the third quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company’s stock worth $46,000 after acquiring an additional 854 shares during the period. Quarry LP purchased a new stake in Helmerich & Payne during the third quarter valued at $48,000. Headlands Technologies LLC lifted its holdings in Helmerich & Payne by 96.9% in the second quarter. Headlands Technologies LLC now owns 1,538 shares of the oil and gas company’s stock valued at $56,000 after acquiring an additional 757 shares during the period. Finally, Eastern Bank bought a new position in Helmerich & Payne in the third quarter valued at about $61,000. Institutional investors own 96.05% of the company’s stock.

Helmerich & Payne Company Profile

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.