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

Shares of Helmerich & Payne, Inc. (NYSE:HP) have received a consensus recommendation of “Hold” from the fourteen research firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $28.80.

A number of research analysts recently issued reports on the stock. Barclays raised their target price on shares of Helmerich & Payne from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Helmerich & Payne in a research report on Monday, December 8th. The Goldman Sachs Group raised Helmerich & Payne from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $20.00 to $28.00 in a research report on Thursday, November 20th. TD Cowen raised their target price on Helmerich & Payne from $27.00 to $33.00 and gave the company a “hold” rating in a report on Wednesday, November 26th. Finally, Wall Street Zen downgraded Helmerich & Payne from a “hold” rating to a “sell” rating in a research report on Sunday, November 23rd.

Institutional Trading of Helmerich & Payne

Several hedge funds and other institutional investors have recently bought and sold shares of HP. Rothschild Investment LLC raised its holdings in Helmerich & Payne by 1,377.8% in the 3rd quarter. Rothschild Investment LLC now owns 1,330 shares of the oil and gas company’s stock valued at $29,000 after acquiring an additional 1,240 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Helmerich & Payne by 2,433.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,647 shares of the oil and gas company’s stock valued at $25,000 after purchasing an additional 1,582 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Helmerich & Payne by 46.5% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,745 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 554 shares during the period. Hantz Financial Services Inc. boosted its stake in Helmerich & Payne by 184.3% during the third quarter. Hantz Financial Services Inc. now owns 1,831 shares of the oil and gas company’s stock worth $40,000 after buying an additional 1,187 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in Helmerich & Payne by 407.1% in the 3rd quarter. Parallel Advisors LLC now owns 2,226 shares of the oil and gas company’s stock valued at $49,000 after buying an additional 1,787 shares during the period. 96.05% of the stock is currently owned by institutional investors and hedge funds.

Helmerich & Payne Stock Down 4.7%

Shares of HP stock opened at $29.40 on Friday. The stock’s 50 day simple moving average is $26.41 and its 200 day simple moving average is $21.04. Helmerich & Payne has a twelve month low of $14.65 and a twelve month high of $37.30. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.40 and a current ratio of 1.80. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of -17.60 and a beta of 0.56.

Helmerich & Payne (NYSE:HP) last announced its earnings results on Monday, November 17th. The oil and gas company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.27). Helmerich & Payne had a positive return on equity of 3.21% and a negative net margin of 4.37%.The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $972.79 million. During the same period in the previous year, the company earned $0.76 EPS. The firm’s revenue for the quarter was up 45.8% compared to the same quarter last year. As a group, research analysts predict that Helmerich & Payne will post 2.93 EPS for the current year.

Helmerich & Payne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.00 dividend on an annualized basis and a yield of 3.4%. Helmerich & Payne’s payout ratio is -59.88%.

About Helmerich & Payne

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.