Shares of Helmerich & Payne, Inc. (NYSE:HP – Get Free Report) have been assigned a consensus recommendation of “Hold” from the thirteen research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $44.36.
A number of analysts have issued reports on the stock. Bank of America reiterated a “buy” rating on shares of Helmerich & Payne in a research note on Monday, October 12th. Morgan Stanley lifted their price target on Helmerich & Payne from $36.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday, August 20th. Wall Street Zen lowered shares of Helmerich & Payne from a “hold” rating to a “sell” rating in a report on Saturday. Barclays raised their target price on shares of Helmerich & Payne from $50.00 to $51.00 and gave the company an “overweight” rating in a research note on Monday, October 12th. Finally, Weiss Ratings upgraded Helmerich & Payne from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th.
View Our Latest Stock Analysis on HP
Insider Buying and Selling
In other Helmerich & Payne news, SVP Cara M. Hair sold 11,149 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $44.27, for a total transaction of $493,566.23. Following the completion of the transaction, the senior vice president owned 136,095 shares of the company’s stock, valued at $6,024,925.65. This represents a 7.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Hans Helmerich sold 94,470 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $43.90, for a total value of $4,147,233.00. Following the completion of the transaction, the director owned 20,000 shares of the company’s stock, valued at $878,000. The trade was a 82.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 110,673 shares of company stock worth $4,864,590 over the last ninety days. Company insiders own 4.40% of the company’s stock.
Institutional Investors Weigh In On Helmerich & Payne
A number of institutional investors and hedge funds have recently modified their holdings of HP. BlackRock Inc. acquired a new stake in shares of Helmerich & Payne in the second quarter valued at approximately $513,336,000. Bank of America Corp DE bought a new position in shares of Helmerich & Payne during the 2nd quarter worth approximately $43,370,000. Alyeska Investment Group L.P. increased its holdings in shares of Helmerich & Payne by 217.4% during the 2nd quarter. Alyeska Investment Group L.P. now owns 1,526,707 shares of the oil and gas company’s stock worth $49,984,000 after acquiring an additional 1,045,727 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Helmerich & Payne during the 2nd quarter worth approximately $30,606,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Helmerich & Payne by 11.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,735,765 shares of the oil and gas company’s stock worth $206,660,000 after acquiring an additional 570,500 shares during the last quarter. 96.05% of the stock is owned by institutional investors.
Helmerich & Payne Stock Up 0.9%
Helmerich & Payne stock opened at $35.72 on Wednesday. Helmerich & Payne has a twelve month low of $24.45 and a twelve month high of $48.17. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.55 and a current ratio of 1.96. The firm has a market cap of $3.57 billion, a PE ratio of -25.33, a P/E/G ratio of 0.90 and a beta of 0.63. The firm’s 50 day moving average price is $39.95 and its two-hundred day moving average price is $37.37.
Helmerich & Payne Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Wednesday, November 18th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.8%. The ex-dividend date is Wednesday, November 18th. Helmerich & Payne’s dividend payout ratio (DPR) is -70.92%.
About Helmerich & Payne
Helmerich & Payne, Inc. is a drilling contractor that provides services and technology to oil and natural gas companies. Founded in 1920 and headquartered in Tulsa, Oklahoma, the company has a long history in the drilling industry. Its operations include contract drilling with land rigs, offshore platform rigs and related drilling solutions. The company is known for its FlexRig fleet and also offers technologies and services designed to support drilling performance and efficiency. Helmerich & Payne serves customers in the United States and international markets.
Read More
- Five stocks we like better than Helmerich & Payne
- Why Kinder Morgan’s Chairman Just Bought $15 Million in Stock
- Rocket Lab’s Record Backlog Could Fuel a Rebound, But Neutron Raises the Stakes
- Don’t Let Their Low Yields Fool You: 3 Dividend Stocks Worth Watching
- A $4 Billion Jolt: NRG Energy Powers Data Center Ambitions
Receive News & Ratings for Helmerich & Payne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helmerich & Payne and related companies with MarketBeat.com's FREE daily email newsletter.
