Share on StockTwits

Helmerich & Payne (NYSE:HP) announced a quarterly dividend on Wednesday, June 4th, ARN reports. Shareholders of record on Friday, August 15th will be paid a dividend of 0.6875 per share on Tuesday, September 2nd. This represents a $2.75 annualized dividend and a dividend yield of 2.52%.

A number of analysts have recently weighed in on HP shares. Analysts at Macquarie initiated coverage on shares of Helmerich & Payne in a research note on Wednesday. They set a “neutral” rating and a $106.00 price target on the stock. On a related note, analysts at Zacks reiterated an “outperform” rating on shares of Helmerich & Payne in a research note on Thursday, May 15th. They now have a $130.00 price target on the stock. Finally, analysts at Guggenheim downgraded shares of Helmerich & Payne from a “neutral” rating to a “sell” rating in a research note on Monday, May 5th. They now have a $80.00 price target on the stock, down previously from $90.00. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $96.31.

Shares of Helmerich & Payne (NYSE:HP) traded up 0.99% during mid-day trading on Wednesday, hitting $110.15. 652,094 shares of the company’s stock traded hands. Helmerich & Payne has a one year low of $59.77 and a one year high of $117.00. The stock has a 50-day moving average of $108.0 and a 200-day moving average of $94.98. The company has a market cap of $11.912 billion and a P/E ratio of 15.38.

Helmerich & Payne (NYSE:HP) last released its earnings data on Thursday, April 24th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.11. The company had revenue of $893.40 million for the quarter, compared to the consensus estimate of $888.35 million. During the same quarter in the previous year, the company posted $1.39 earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. Analysts expect that Helmerich & Payne will post $6.31 EPS for the current fiscal year.

Helmerich & Payne, Inc is engaged in contract drilling of oil and gases wells for others and this business.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.