Helmerich & Payne, Inc. (NYSE:HP) Given Consensus Rating of “Hold” by Analysts

Shares of Helmerich & Payne, Inc. (NYSE:HP) have earned a consensus recommendation of “Hold” from the ten analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $37.25.

Several equities research analysts recently commented on the company. Barclays dropped their price objective on Helmerich & Payne from $36.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Royal Bank of Canada dropped their price target on shares of Helmerich & Payne from $41.00 to $35.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. Evercore ISI reissued an “in-line” rating and set a $39.00 price objective (down from $48.00) on shares of Helmerich & Payne in a report on Wednesday, January 15th. Citigroup upgraded shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and increased their price objective for the company from $33.00 to $40.00 in a research report on Friday, January 10th. Finally, Argus raised shares of Helmerich & Payne to a “hold” rating in a research report on Tuesday, February 11th.

Helmerich & Payne Trading Down 3.2 %

NYSE:HP opened at $26.23 on Monday. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of 8.63, a PEG ratio of 3.32 and a beta of 1.37. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.60. The company’s 50 day moving average price is $31.60 and its 200-day moving average price is $32.92. Helmerich & Payne has a 52 week low of $25.69 and a 52 week high of $44.11.

Helmerich & Payne (NYSE:HP) last issued its earnings results on Wednesday, February 5th. The oil and gas company reported $0.71 EPS for the quarter, beating 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, equities research analysts forecast that Helmerich & Payne will post 2.95 earnings per share for the current fiscal year.

Helmerich & Payne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, February 14th. This represents a $1.00 annualized dividend and a yield of 3.81%. Helmerich & Payne’s dividend payout ratio (DPR) is 32.89%.

Insider Buying and Selling at Helmerich & Payne

In related news, CEO John W. Lindsay acquired 20,000 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was bought at an average cost of $27.55 per share, for a total transaction of $551,000.00. Following the purchase, the chief executive officer now owns 691,214 shares in the company, valued at $19,042,945.70. The trade was a 2.98 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Belgacem Chariag bought 37,356 shares of Helmerich & Payne stock in a transaction that occurred on Monday, February 10th. The stock was purchased at an average cost of $27.08 per share, with a total value 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. This represents a 216.56 % increase in their position. The disclosure for this purchase can be found here. 4.51% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Helmerich & Payne

Several large investors have recently added to or reduced their stakes in HP. Summit Investment Advisors Inc. raised its position in shares of Helmerich & Payne by 4.1% during the 4th quarter. Summit Investment Advisors Inc. now owns 10,113 shares of the oil and gas company’s stock valued at $324,000 after purchasing an additional 395 shares during the period. LPL Financial LLC increased its stake in Helmerich & Payne by 1.9% in the 4th quarter. LPL Financial LLC now owns 21,763 shares of the oil and gas company’s stock worth $697,000 after buying an additional 408 shares in the last quarter. Napatree Capital LLC raised its holdings in Helmerich & Payne by 2.5% during the fourth quarter. Napatree Capital LLC now owns 20,847 shares of the oil and gas company’s stock valued at $668,000 after acquiring an additional 511 shares during the period. KBC Group NV lifted its position in shares of Helmerich & Payne by 20.3% in the third quarter. KBC Group NV now owns 3,130 shares of the oil and gas company’s stock valued at $95,000 after acquiring an additional 529 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of Helmerich & Payne by 76.9% in the third quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company’s stock valued at $45,000 after acquiring an additional 643 shares in the last quarter. Hedge funds and other institutional investors own 96.05% of the company’s stock.

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.