Helmerich & Payne (NYSE:HP) received a $68.00 price target from stock analysts at Royal Bank of Canada in a note issued to investors on Thursday. The firm currently has a “hold” rating on the oil and gas company’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 6.87% from the stock’s current price.
A number of other analysts have also recently issued reports on the company. Sanford C. Bernstein reissued an “outperform” rating and set a $66.00 target price on shares of Helmerich & Payne in a research note on Wednesday, September 6th. J P Morgan Chase & Co lowered their target price on Helmerich & Payne from $44.00 to $38.00 and set an “underweight” rating for the company in a research note on Tuesday, September 12th. Jefferies Group set a $50.00 target price on Helmerich & Payne and gave the stock a “hold” rating in a research note on Thursday, October 5th. Societe Generale initiated coverage on Helmerich & Payne in a research note on Thursday, August 31st. They set a “hold” rating and a $46.00 target price for the company. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $48.00 target price on shares of Helmerich & Payne in a research note on Friday, November 24th. Eight research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company. Helmerich & Payne currently has a consensus rating of “Hold” and a consensus price target of $55.38.
Helmerich & Payne (NYSE:HP) traded up $2.46 during midday trading on Thursday, reaching $63.63. The company had a trading volume of 1,567,300 shares, compared to its average volume of 1,835,002. Helmerich & Payne has a twelve month low of $42.16 and a twelve month 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.
In other Helmerich & Payne news, Director Chapman Paula Marshall sold 2,555 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $57.80, for a total transaction of $147,679.00. Following the completion of the transaction, the director now owns 12,525 shares of the company’s stock, valued at approximately $723,945. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.90% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AlphaMark Advisors LLC boosted its holdings in shares of Helmerich & Payne by 3.1% in the 2nd quarter. AlphaMark Advisors LLC now owns 3,326 shares of the oil and gas company’s stock valued at $181,000 after buying an additional 101 shares during the last quarter. Thrivent Financial For Lutherans boosted its holdings in shares of Helmerich & Payne by 3.2% in the 2nd quarter. Thrivent Financial For Lutherans now owns 4,140 shares of the oil and gas company’s stock valued at $225,000 after buying an additional 130 shares during the last quarter. Radnor Capital Management LLC boosted its holdings in shares of Helmerich & Payne by 0.6% in the 2nd quarter. Radnor Capital Management LLC now owns 25,110 shares of the oil and gas company’s stock valued at $1,364,000 after buying an additional 160 shares during the last quarter. Commonwealth Bank of Australia boosted its holdings in shares of Helmerich & Payne by 2.7% in the 2nd quarter. Commonwealth Bank of Australia now owns 11,456 shares of the oil and gas company’s stock valued at $622,000 after buying an additional 300 shares during the last quarter. Finally, Peloton Wealth Strategists boosted its holdings in shares of Helmerich & Payne by 1.7% in the 2nd quarter. Peloton Wealth Strategists now owns 23,500 shares of the oil and gas company’s stock valued at $1,277,000 after buying an additional 400 shares during the last quarter.
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About Helmerich & Payne
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.
