Helmerich & Payne (NYSE:HP) has been given a $65.00 price target by equities research analysts at Jefferies Group in a report issued on Thursday. The firm currently has a “hold” rating on the oil and gas company’s stock. Jefferies Group’s target price suggests a potential downside of 2.11% from the stock’s previous close.
A number of other research analysts have also recently issued reports on the stock. Citigroup raised shares of Helmerich & Payne from a “sell” rating to a “neutral” rating in a report on Thursday. Royal Bank of Canada set a $68.00 target price on shares of Helmerich & Payne and gave the company a “hold” rating in a report on Thursday, December 21st. Tudor Pickering raised shares of Helmerich & Payne from a “hold” rating to a “buy” rating in a report on Thursday, December 21st. SunTrust Banks increased their target price on shares of Helmerich & Payne to $50.00 and gave the company an “outperform” rating in a report on Wednesday, December 6th. Finally, Zacks Investment Research cut shares of Helmerich & Payne from a “buy” rating to a “hold” rating in a report on Monday, December 4th. Seven equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company. Helmerich & Payne currently has a consensus rating of “Hold” and a consensus price target of $55.67.
Shares of Helmerich & Payne (NYSE HP) traded up $0.75 during trading on Thursday, reaching $66.40. 2,211,551 shares of the company’s stock were exchanged, compared to its average volume of 1,450,000. Helmerich & Payne has a 12 month low of $42.16 and a 12 month high of $81.30. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.19 and a current ratio of 3.59. The stock has a market capitalization of $7,210.00, a PE ratio of -55.80 and a beta of 1.30.
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 predict that Helmerich & Payne will post -0.43 earnings per share for the current fiscal year.
In related news, Director Chapman Paula Marshall sold 2,555 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $57.80, for a total transaction of $147,679.00. Following the sale, the director now owns 12,525 shares in the company, valued at $723,945. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.90% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in HP. Ffcm LLC boosted its position in Helmerich & Payne by 409.2% during the second quarter. Ffcm LLC now owns 2,872 shares of the oil and gas company’s stock worth $160,000 after acquiring an additional 2,308 shares during the last quarter. Sandy Spring Bank boosted its position in Helmerich & Payne by 36.7% during the third quarter. Sandy Spring Bank now owns 3,540 shares of the oil and gas company’s stock worth $184,000 after acquiring an additional 950 shares during the last quarter. Sapphire Star Partners LP acquired a new stake in Helmerich & Payne during the third quarter worth approximately $202,000. Private Advisor Group LLC acquired a new stake in Helmerich & Payne during the third quarter worth approximately $206,000. Finally, Meridian Wealth Management LLC acquired a new stake in Helmerich & Payne during the third quarter worth approximately $217,000.
Helmerich & Payne Company Profile
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.