Helmerich & Payne (NYSE:HP) was upgraded by equities researchers at Tudor Pickering from a “hold” rating to a “buy” rating in a report issued on Thursday, Marketbeat Ratings reports.
HP has been the topic of several other reports. B. Riley reissued a “neutral” rating on shares of Helmerich & Payne in a research note on Wednesday, November 1st. SunTrust Banks reissued a “sell” rating and set a $37.00 target price (down from $66.00) on shares of Helmerich & Payne in a research note on Tuesday, October 3rd. Cowen set a $50.00 target price on shares of Helmerich & Payne and gave the stock a “hold” rating in a research note on Wednesday, October 18th. Royal Bank of Canada reissued a “hold” rating and set a $53.00 target price on shares of Helmerich & Payne in a research note on Wednesday, October 18th. Finally, BMO Capital Markets reissued a “sell” rating on shares of Helmerich & Payne in a research note on Friday, October 13th. Eight research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $54.92.
Helmerich & Payne (HP) traded up $1.57 during trading hours on Thursday, reaching $61.17. 1,613,800 shares of the company’s stock traded hands, compared to its average volume of 1,836,095. Helmerich & Payne has a one year low of $42.16 and a one year 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.
In other Helmerich & Payne news, Director Chapman Paula Marshall sold 2,555 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $57.80, for a total value of $147,679.00. Following the completion of the sale, the director now owns 12,525 shares in the company, valued at approximately $723,945. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.90% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in HP. Meridian Wealth Management LLC acquired a new stake in Helmerich & Payne in the 3rd quarter valued at approximately $217,000. Swiss National Bank boosted its position in Helmerich & Payne by 3.1% in the 2nd quarter. Swiss National Bank now owns 395,052 shares of the oil and gas company’s stock valued at $21,467,000 after buying an additional 11,800 shares during the period. Honkamp Krueger Financial Services Inc. purchased a new position in Helmerich & Payne in the 3rd quarter valued at approximately $286,000. Brookstone Capital Management purchased a new position in Helmerich & Payne in the 2nd quarter valued at approximately $284,000. Finally, Andra AP fonden boosted its position in Helmerich & Payne by 65.7% in the 2nd quarter. Andra AP fonden now owns 29,000 shares of the oil and gas company’s stock valued at $1,576,000 after buying an additional 11,500 shares during the period.
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.
