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

Shares of Helmerich & Payne, Inc. (NYSE:HP) have been assigned a consensus rating of “Hold” from the nine analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $38.57.

A number of research analysts have issued reports on the stock. Citigroup dropped their target price on shares of Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a research note on Thursday, November 21st. Barclays decreased 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. Finally, Royal Bank of Canada dropped their price target on Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating for the company in a research report on Friday, November 15th.

Helmerich & Payne Trading Up 0.0 %

NYSE:HP opened at $33.13 on Friday. Helmerich & Payne has a 1 year low of $29.46 and a 1 year high of $44.11. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.40 and a current ratio of 2.67. The stock has a fifty day moving average price of $33.66 and a two-hundred day moving average price of $34.22. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 9.63, a PEG ratio of 4.10 and a beta of 1.39.

Helmerich & Payne (NYSE:HP) last announced its quarterly earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.76. Helmerich & Payne had a net margin of 12.48% and a return on equity of 12.44%. The business had revenue of $693.79 million during the quarter, compared to the consensus estimate of $695.99 million. During the same quarter last year, the firm posted $0.69 EPS. The business’s revenue was up 5.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Helmerich & Payne will post 3.12 earnings per share for the current fiscal year.

Helmerich & Payne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.25 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.02%. Helmerich & Payne’s dividend payout ratio (DPR) is 29.07%.

Institutional Trading of Helmerich & Payne

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System boosted its position in Helmerich & Payne by 1.3% during the second quarter. Arizona State Retirement System now owns 27,667 shares of the oil and gas company’s stock worth $1,000,000 after acquiring an additional 342 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Helmerich & Payne by 2.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 22,002 shares of the oil and gas company’s stock worth $795,000 after purchasing an additional 513 shares during the period. KBC Group NV boosted its holdings in shares of Helmerich & Payne by 20.3% during the third quarter. KBC Group NV now owns 3,130 shares of the oil and gas company’s stock worth $95,000 after purchasing an additional 529 shares during the last quarter. Covestor Ltd grew 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 purchasing an additional 643 shares during the period. Finally, Franklin Resources Inc. increased its stake in Helmerich & Payne by 0.4% in the third quarter. Franklin Resources Inc. now owns 157,568 shares of the oil and gas company’s stock valued at $4,793,000 after purchasing an additional 666 shares during 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.