HP has been the topic of a number of other research reports. Deutsche Bank assumed coverage on Helmerich & Payne in a research note on Tuesday, October 10th. They set a hold rating and a $45.00 target price on the stock. Royal Bank Of Canada set a $57.00 price objective on Helmerich & Payne and gave the stock a sector perform rating in a research note on Friday, November 17th. UBS reaffirmed a buy rating and set a $60.00 target price (down previously from $84.00) on shares of Helmerich & Payne in a research report on Monday, July 31st. Cowen set a $50.00 target price on Helmerich & Payne and gave the company a hold rating in a research report on Wednesday, October 18th. Finally, Sanford C. Bernstein reiterated an outperform rating and set a $66.00 price objective on shares of Helmerich & Payne in a report on Wednesday, September 6th. Eight investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $54.92.
Helmerich & Payne (NYSE:HP) traded down $1.37 during trading hours on Friday, hitting $56.47. The company had a trading volume of 1,451,468 shares, compared to its average volume of 1,842,792. The company has a current ratio of 3.59, a quick ratio of 3.19 and a debt-to-equity ratio of 0.12. Helmerich & Payne has a 12 month low of $42.16 and a 12 month high of $85.78.
Helmerich & Payne (NYSE:HP) last posted its earnings results on Thursday, November 16th. The oil and gas company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.05. Helmerich & Payne had a negative return on equity of 2.96% and a negative net margin of 7.16%. The company had revenue of $532.30 million for the quarter, compared to the consensus estimate of $493.78 million. During the same period in the previous year, the business earned ($0.33) earnings per share. The firm’s revenue for the quarter was up 60.5% on a year-over-year basis. equities research analysts anticipate that Helmerich & Payne will post -0.47 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, November 13th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.96%. The ex-dividend date of this dividend was Friday, November 10th. Helmerich & Payne’s payout ratio is -233.33%.
In other Helmerich & Payne news, CEO John W. Lindsay bought 5,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were acquired at an average cost of $47.73 per share, with a total value of $238,650.00. Following the purchase, the chief executive officer now directly owns 147,727 shares of the company’s stock, valued at approximately $7,051,009.71. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 4.23% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Ffcm LLC raised its position in shares of Helmerich & Payne by 409.2% during the 2nd quarter. Ffcm LLC now owns 2,872 shares of the oil and gas company’s stock valued at $160,000 after buying an additional 2,308 shares during the period. AlphaMark Advisors LLC raised its position in shares of Helmerich & Payne by 3.1% during 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 period. Sandy Spring Bank raised its position in shares of Helmerich & Payne by 36.7% during the 3rd quarter. Sandy Spring Bank now owns 3,540 shares of the oil and gas company’s stock valued at $184,000 after buying an additional 950 shares during the period. Sapphire Star Partners LP purchased a new stake in shares of Helmerich & Payne during the 3rd quarter valued at approximately $202,000. Finally, Private Advisor Group LLC purchased a new stake in shares of Helmerich & Payne during the 3rd quarter valued at approximately $206,000.
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.
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