Helmerich & Payne, Inc. (NYSE:HP) Director Acquires $1,011,600.48 in Stock

Helmerich & Payne, Inc. (NYSE:HP) Director Belgacem Chariag acquired 37,356 shares of the company’s stock in a transaction on Monday, February 10th. The shares were acquired at an average price of $27.08 per share, for a total transaction of $1,011,600.48. Following the completion of the acquisition, the director now directly owns 54,606 shares in the company, valued at $1,478,730.48. The trade was a 216.56 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Helmerich & Payne Price Performance

Shares of NYSE HP opened at $27.30 on Wednesday. Helmerich & Payne, Inc. has a 1-year low of $26.61 and a 1-year high of $44.11. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.81 and a quick ratio of 2.40. The business’s fifty day moving average price is $32.80 and its two-hundred day moving average price is $33.49. The firm has a market capitalization of $2.71 billion, a PE ratio of 8.98, a P/E/G ratio of 3.41 and a beta of 1.37.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings results on Wednesday, February 5th. The oil and gas company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.02. Helmerich & Payne had a return on equity of 11.31% and a net margin of 11.02%. On average, research analysts expect that Helmerich & Payne, Inc. will post 3.11 EPS for the current year.

Helmerich & Payne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.00 annualized dividend and a dividend yield of 3.66%. Helmerich & Payne’s payout ratio is 32.89%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of HP. State of New Jersey Common Pension Fund D boosted its stake in Helmerich & Payne by 18.1% during the third quarter. State of New Jersey Common Pension Fund D now owns 58,634 shares of the oil and gas company’s stock valued at $1,784,000 after buying an additional 9,004 shares in the last quarter. Petrus Trust Company LTA bought a new position in Helmerich & Payne during the third quarter valued at about $619,000. FMR LLC boosted its stake in Helmerich & Payne by 510.7% during the third quarter. FMR LLC now owns 140,655 shares of the oil and gas company’s stock valued at $4,279,000 after buying an additional 117,624 shares in the last quarter. Tandem Financial LLC bought a new position in Helmerich & Payne during the fourth quarter valued at about $413,000. Finally, Barclays PLC boosted its stake in Helmerich & Payne by 320.2% during the third quarter. Barclays PLC now owns 198,415 shares of the oil and gas company’s stock valued at $6,035,000 after buying an additional 151,196 shares in the last quarter. Institutional investors own 96.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on HP shares. Evercore ISI reiterated an “in-line” rating and issued a $39.00 price target (down from $48.00) on shares of Helmerich & Payne in a report on Wednesday, January 15th. Royal Bank of Canada lowered their price target on Helmerich & Payne from $41.00 to $35.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. Benchmark restated a “hold” rating on shares of Helmerich & Payne in a research report on Thursday, November 21st. Citigroup raised Helmerich & Payne from a “neutral” rating to a “buy” rating and increased their target price for the stock from $33.00 to $40.00 in a research report on Friday, January 10th. Finally, Barclays dropped their target price on Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Helmerich & Payne presently has a consensus rating of “Hold” and a consensus price target of $38.75.

Helmerich & Payne Company Profile

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.