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

Helmerich & Payne, Inc. (NYSE:HP) has been given an average rating of “Hold” by the thirteen research firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $33.00.

Several brokerages recently issued reports on HP. Weiss Ratings reissued a “sell (d+)” rating on shares of Helmerich & Payne in a research note on Monday, December 29th. Morgan Stanley reissued an “underweight” rating and set a $28.00 price target on shares of Helmerich & Payne in a research note on Wednesday, January 21st. Wall Street Zen cut Helmerich & Payne from a “hold” rating to a “sell” rating in a report on Sunday, November 23rd. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $34.00 target price on shares of Helmerich & Payne in a research note on Thursday, January 15th. Finally, Evercore ISI raised their price target on Helmerich & Payne from $20.00 to $27.00 and gave the stock an “in-line” rating in a research note on Wednesday, November 19th.

Helmerich & Payne Price Performance

HP stock opened at $33.90 on Monday. The stock’s 50 day moving average price is $30.04 and its 200 day moving average price is $24.49. The firm has a market cap of $3.45 billion, a P/E ratio of -20.30 and a beta of 0.57. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.40 and a current ratio of 1.80. Helmerich & Payne has a 1 year low of $14.65 and a 1 year high of $34.70.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings results on Monday, November 17th. The oil and gas company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.27). The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $972.79 million. Helmerich & Payne had a positive return on equity of 3.21% and a negative net margin of 4.37%.The business’s revenue was up 45.8% compared to the same quarter last year. During the same period last year, the firm earned $0.76 earnings per share. On average, sell-side analysts expect that Helmerich & Payne will post 2.93 earnings per share for the current fiscal 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 $0.25 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.00 annualized dividend and a dividend yield of 2.9%. Helmerich & Payne’s dividend payout ratio (DPR) is currently -59.88%.

Insider Buying and Selling

In related news, Director Hans Helmerich sold 75,000 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $28.12, for a total transaction of $2,109,000.00. Following the completion of the transaction, the director owned 496,735 shares of the company’s stock, valued at approximately $13,968,188.20. This represents a 13.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.40% of the company’s stock.

Institutional Trading of Helmerich & Payne

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

About Helmerich & Payne

Helmerich & Payne, Inc is a leading provider of contract drilling services to the oil and gas industry, specializing primarily in onshore drilling operations. The company designs, engineers and operates a fleet of advanced drilling rigs, including its proprietary FlexRigs, which are engineered for high efficiency, safety and rapid mobilization. Alongside core drilling services, Helmerich & Payne offers well intervention, workover and coiled tubing services, positioning itself as a comprehensive drilling solutions partner for exploration and production companies worldwide.

Founded in 1920 and headquartered in Tulsa, Oklahoma, Helmerich & Payne has grown through innovation and strategic expansion to serve diverse hydrocarbon basins.