Helmerich & Payne, Inc. (NYSE:HP) Receives Consensus Rating of “Hold” from Brokerages

Shares of Helmerich & Payne, Inc. (NYSE:HPGet Free Report) have been assigned an average recommendation of “Hold” from the eleven research firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $42.00.

HP has been the topic of several research reports. Piper Sandler lowered their price target on shares of Helmerich & Payne from $39.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, July 15th. The Goldman Sachs Group lowered their target price on shares of Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating on the stock in a report on Thursday. Evercore ISI raised Helmerich & Payne to a “strong-buy” rating in a report on Friday, July 26th. Benchmark restated a “hold” rating on shares of Helmerich & Payne in a research note on Monday, August 5th. Finally, Bank of America decreased their price target on Helmerich & Payne from $42.50 to $40.00 and set a “buy” rating on the stock in a research report on Monday, July 15th.

View Our Latest Stock Analysis on Helmerich & Payne

Institutional Trading of Helmerich & Payne

Hedge funds and other institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its stake in shares of Helmerich & Payne by 937.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 841,724 shares of the oil and gas company’s stock valued at $30,487,000 after purchasing an additional 760,554 shares in the last quarter. ARGA Investment Management LP lifted its stake in Helmerich & Payne by 497.3% in the fourth quarter. ARGA Investment Management LP now owns 887,116 shares of the oil and gas company’s stock worth $32,131,000 after purchasing an additional 738,594 shares during the last quarter. LSV Asset Management boosted its position in Helmerich & Payne by 11,750.0% during the fourth quarter. LSV Asset Management now owns 568,800 shares of the oil and gas company’s stock valued at $20,602,000 after buying an additional 564,000 shares during the period. American Century Companies Inc. grew its stake in shares of Helmerich & Payne by 38.1% during the second quarter. American Century Companies Inc. now owns 1,862,362 shares of the oil and gas company’s stock valued at $67,306,000 after buying an additional 513,647 shares during the last quarter. Finally, Earnest Partners LLC increased its holdings in shares of Helmerich & Payne by 15.7% in the second quarter. Earnest Partners LLC now owns 3,469,609 shares of the oil and gas company’s stock worth $125,392,000 after buying an additional 471,420 shares during the period. Hedge funds and other institutional investors own 96.05% of the company’s stock.

Helmerich & Payne Stock Down 1.7 %

Helmerich & Payne stock opened at $32.62 on Monday. The firm has a 50 day moving average price of $36.02 and a 200-day moving average price of $37.95. The company has a quick ratio of 1.87, a current ratio of 2.12 and a debt-to-equity ratio of 0.19. Helmerich & Payne has a twelve month low of $31.98 and a twelve month high of $46.55. The company has a market capitalization of $3.22 billion, a P/E ratio of 9.32, a P/E/G ratio of 4.19 and a beta of 1.47.

Helmerich & Payne (NYSE:HPGet Free Report) last issued its earnings results on Wednesday, July 24th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.15. The firm had revenue of $697.70 million for the quarter, compared to analyst estimates of $670.78 million. Helmerich & Payne had a return on equity of 12.39% and a net margin of 12.72%. The business’s revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.09 earnings per share. As a group, equities analysts predict that Helmerich & Payne will post 3.51 EPS for the current year.

Helmerich & Payne Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a dividend of $0.25 per share. The ex-dividend date was Friday, August 16th. This represents a $1.00 annualized dividend and a dividend yield of 3.07%. Helmerich & Payne’s dividend payout ratio (DPR) is presently 28.57%.

Helmerich & Payne Company Profile

(Get Free Report

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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Analyst Recommendations for Helmerich & Payne (NYSE:HP)

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