Helmerich & Payne, Inc. (HP) CFO Juan Pablo Tardio Sells 10,880 Shares

Helmerich & Payne, Inc. (NYSE:HP) CFO Juan Pablo Tardio sold 10,880 shares of the firm’s stock in a transaction that occurred on Thursday, March 29th. The shares were sold at an average price of $65.90, for a total value of $716,992.00. Following the completion of the sale, the chief financial officer now directly owns 16,628 shares of the company’s stock, valued at $1,095,785.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

HP traded down $1.96 during trading on Monday, hitting $64.60. 729,795 shares of the stock were exchanged, compared to its average volume of 1,801,089. The company has a market capitalization of $7,246.17, a P/E ratio of -50.91 and a beta of 1.32. Helmerich & Payne, Inc. has a 1 year low of $42.16 and a 1 year high of $75.02. The company has a quick ratio of 2.89, a current ratio of 3.28 and a debt-to-equity ratio of 0.11.

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Helmerich & Payne (NYSE:HP) last released its quarterly earnings data on Thursday, January 25th. The oil and gas company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.14. The company had revenue of $564.10 million for the quarter, compared to the consensus estimate of $547.64 million. Helmerich & Payne had a negative return on equity of 1.90% and a net margin of 20.30%. Helmerich & Payne’s quarterly revenue was up 53.0% on a year-over-year basis. During the same period last year, the business posted ($0.33) EPS. equities analysts anticipate that Helmerich & Payne, Inc. will post 0.04 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 18th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, May 17th. This represents a $2.80 annualized dividend and a yield of 4.33%. Helmerich & Payne’s payout ratio is currently -220.47%.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research lowered Helmerich & Payne from a “buy” rating to a “hold” rating in a research note on Wednesday, March 28th. ValuEngine raised Helmerich & Payne from a “sell” rating to a “hold” rating in a research note on Thursday, March 22nd. Susquehanna Bancshares raised Helmerich & Payne from a “neutral” rating to a “positive” rating and raised their price objective for the company from $42.16 to $75.00 in a research note on Friday, March 9th. UBS raised Helmerich & Payne from a “neutral” rating to a “positive” rating in a research note on Friday, March 9th. Finally, Argus raised their price objective on Helmerich & Payne from $65.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Seven analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $57.04.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in Helmerich & Payne by 1.2% during the 4th quarter. BlackRock Inc. now owns 11,346,521 shares of the oil and gas company’s stock worth $733,438,000 after purchasing an additional 129,250 shares during the period. Capital International Investors increased its holdings in Helmerich & Payne by 37.2% during the 3rd quarter. Capital International Investors now owns 8,026,854 shares of the oil and gas company’s stock worth $418,279,000 after purchasing an additional 2,177,139 shares during the period. Franklin Resources Inc. increased its holdings in Helmerich & Payne by 14.9% during the 4th quarter. Franklin Resources Inc. now owns 7,189,211 shares of the oil and gas company’s stock worth $464,727,000 after purchasing an additional 934,765 shares during the period. Kiltearn Partners LLP increased its holdings in Helmerich & Payne by 1.6% during the 4th quarter. Kiltearn Partners LLP now owns 2,557,602 shares of the oil and gas company’s stock worth $165,323,000 after purchasing an additional 41,500 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Helmerich & Payne by 5.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,382,144 shares of the oil and gas company’s stock worth $124,136,000 after purchasing an additional 119,306 shares during the period.

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Helmerich & Payne Company Profile

Helmerich & Payne, Inc is engaged in contract drilling of oil and gas wells for others. The Company operates in the contract drilling industry. The Company’s contract drilling business consists of three segments: U.S. Land, Offshore and International Land. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology.

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