Helmerich & Payne (NYSE:HP) CAO Sara Marie Momper Sells 5,054 Shares of Stock

Helmerich & Payne, Inc. (NYSE:HPGet Free Report) CAO Sara Marie Momper sold 5,054 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $44.28, for a total transaction of $223,791.12. Following the transaction, the chief accounting officer owned 16,958 shares of the company’s stock, valued at approximately $750,900.24. The trade was a 22.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Helmerich & Payne Stock Performance

Shares of HP stock traded down $0.51 during mid-day trading on Tuesday, hitting $44.21. The stock had a trading volume of 927,738 shares, compared to its average volume of 1,411,512. The firm has a market cap of $4.42 billion, a PE ratio of -31.36 and a beta of 0.61. The company’s 50-day simple moving average is $35.47 and its 200-day simple moving average is $36.08. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.96 and a quick ratio of 1.55. Helmerich & Payne, Inc. has a fifty-two week low of $17.35 and a fifty-two week high of $45.00.

Helmerich & Payne (NYSE:HPGet Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.20). The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $987.70 million. Helmerich & Payne had a negative return on equity of 2.35% and a negative net margin of 3.43%.The company’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.22 earnings per share. Sell-side analysts anticipate that Helmerich & Payne, Inc. will post -0.12 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, August 18th. Helmerich & Payne’s payout ratio is currently -70.92%.

Analysts Set New Price Targets

HP has been the subject of several recent analyst reports. Citigroup reduced their price target on Helmerich & Payne from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, June 29th. The Goldman Sachs Group increased their price objective on Helmerich & Payne from $35.00 to $41.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. Weiss Ratings raised Helmerich & Payne from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. Piper Sandler upped their price target on shares of Helmerich & Payne from $41.00 to $43.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Finally, Wall Street Zen upgraded shares of Helmerich & Payne from a “sell” rating to a “hold” rating in a report on Saturday. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Helmerich & Payne has an average rating of “Hold” and an average price target of $40.50.

Check Out Our Latest Research Report on Helmerich & Payne

Institutional Trading of Helmerich & Payne

A number of institutional investors have recently bought and sold shares of the company. Empowered Funds LLC acquired a new stake in Helmerich & Payne in the second quarter valued at $14,699,000. Corient Private Wealth LP acquired a new position in shares of Helmerich & Payne during the 2nd quarter worth $281,000. Bank of America Corp DE purchased a new stake in shares of Helmerich & Payne in the 2nd quarter worth about $43,370,000. Gallagher Fiduciary Advisors LLC acquired a new stake in Helmerich & Payne in the 2nd quarter valued at about $319,000. Finally, Man Group plc purchased a new position in Helmerich & Payne during the 2nd quarter valued at about $1,652,000. 96.05% of the stock is currently owned by hedge funds and other institutional investors.

About Helmerich & Payne

(Get Free Report)

Helmerich & Payne, Inc is a leading provider of contract drilling services to the oil and gas industry, specializing primarily in onshore drilling operations. The company designs, engineers and operates a fleet of advanced drilling rigs, including its proprietary FlexRigs, which are engineered for high efficiency, safety and rapid mobilization. Alongside core drilling services, Helmerich & Payne offers well intervention, workover and coiled tubing services, positioning itself as a comprehensive drilling solutions partner for exploration and production companies worldwide.

Founded in 1920 and headquartered in Tulsa, Oklahoma, Helmerich & Payne has grown through innovation and strategic expansion to serve diverse hydrocarbon basins.

Further Reading

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