Several analysts have recently updated their ratings and price targets for Helmerich & Payne (NYSE: HP):

  • 12/6/2017 – Helmerich & Payne had its price target raised by analysts at SunTrust Banks, Inc. to $50.00. They now have an “outperform” rating on the stock.
  • 12/4/2017 – Helmerich & Payne was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “The improving outlook in the U.S. land market is set to provide Helmerich & Payne with exciting opportunities to redeploy its technologically-advanced FlexRigs. With domestic rig count moving higher quickly, the drilling contractor is optimistic about getting leading-edger dayrates. As it is, we believe the FlexRigs will continue to benefit from the shift to complex onshore plays that require highly intensive solutions. Importantly, the company's healthy financial position means that its dividend is safe and sustainable. But with large, multinational energy firms looking to reign in their skyrocketing capital expenses, the drilling space is witnessing intense competition, as multiple firms chase a single contract. This will continue to impact the earnings adversely in the near-to medium term.”
  • 11/29/2017 – Helmerich & Payne was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $62.00 price target on the stock. According to Zacks, “The improving outlook in the U.S. land market is set to provide Helmerich & Payne with exciting opportunities to redeploy its technologically-advanced FlexRigs. With domestic rig count moving higher quickly, the drilling contractor is optimistic about getting leading-edger dayrates. As it is, we believe the FlexRigs will continue to benefit from the shift to complex onshore plays that require highly intensive solutions. Importantly, the company's healthy financial position means that its dividend is safe and sustainable. Consequently, we think Helmerich & Payne offers substantial upside potential from the current price levels and view it as an attractive investment.”
  • 11/24/2017 – Helmerich & Payne had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $48.00 price target on the stock.
  • 11/22/2017 – Helmerich & Payne had its price target lowered by analysts at B. Riley from $67.00 to $60.00. They now have a “neutral” rating on the stock.
  • 11/18/2017 – Helmerich & Payne was given a new $58.00 price target on by analysts at Jefferies Group LLC. They now have a “hold” rating on the stock.
  • 11/17/2017 – Helmerich & Payne was given a new $57.00 price target on by analysts at Royal Bank of Canada. They now have a “sector perform” rating on the stock.
  • 11/1/2017 – Helmerich & Payne had its “neutral” rating reaffirmed by analysts at B. Riley.
  • 10/18/2017 – Helmerich & Payne was given a new $50.00 price target on by analysts at Cowen Inc. They now have a “hold” rating on the stock.
  • 10/18/2017 – Helmerich & Payne had its “hold” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $53.00 price target on the stock.

Helmerich & Payne, Inc. (NYSE HP) opened at $56.78 on Friday. Helmerich & Payne, Inc. has a 1-year low of $42.16 and a 1-year high of $81.30. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.59 and a quick ratio of 3.19.

Helmerich & Payne (NYSE:HP) last issued its earnings results on Thursday, November 16th. The oil and gas company reported ($0.14) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.05. Helmerich & Payne had a negative net margin of 7.16% and a negative return on equity of 2.96%. The company had revenue of $532.30 million during the quarter, compared to analysts’ expectations of $493.78 million. During the same period last year, the company posted ($0.33) earnings per share. The firm’s quarterly revenue was up 60.5% compared to the same quarter last year. research analysts forecast that Helmerich & Payne, Inc. will post -0.43 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Monday, February 12th will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, February 9th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.93%. Helmerich & Payne’s dividend payout ratio (DPR) is -235.29%.

Helmerich & Payne, Inc is engaged in contract drilling of oil and gas wells for others. The Company operates in the contract drilling industry. The Company’s contract drilling business consists of three segments: U.S. Land, Offshore and International Land. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology.

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