Helmerich & Payne (HP) – Research Analysts’ Recent Ratings Updates

Helmerich & Payne (NYSE: HP) has recently received a number of price target changes and ratings updates:

  • 5/2/2018 – Helmerich & Payne was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 4/30/2018 – Helmerich & Payne had its price target raised by analysts at B. Riley from $60.00 to $68.00. They now have a “hold” rating on the stock.
  • 4/27/2018 – Helmerich & Payne had its price target raised by analysts at Credit Suisse Group from $51.00 to $63.00. They now have a “market perform” rating on the stock.
  • 4/27/2018 – Helmerich & Payne was given a new $84.00 price target on by analysts at Susquehanna Bancshares Inc. They now have a “buy” rating on the stock.
  • 4/26/2018 – Helmerich & Payne was downgraded by analysts at TheStreet from a “b-” rating to a “c” rating.
  • 4/11/2018 – Helmerich & Payne had its price target raised by analysts at Morgan Stanley from $56.00 to $60.00. They now have an “underweight” rating on the stock.
  • 4/11/2018 – Helmerich & Payne was upgraded by analysts at Wells Fargo from an “underperform” rating to a “market perform” rating.
  • 3/28/2018 – Helmerich & Payne was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “The improving outlook at Helmerich’s biggest segment – U.S. Land —is set to provide Helmerich & Payne with exciting opportunities to redeploy its technologically advanced FlexRigs. As it is, higher drilling activity in U.S. Land segment helped HP come out with narrower-than-expected loss in the last quarter on the back of higher utilizations and dayrates along with improving commodity prices. The improving energy landscape is expected to further strengthen the fundamentals and increase levels of rig activity. The company’s MagVar Buy will also improve Helmerich and Payne’s directional drilling. But with large, multinational energy firms looking to reign in their skyrocketing capital expenses, the drilling space is witnessing intense competition, as multiple firms chase a single contract. We are also concerned of lower revenues from its international operations. As such, we take a cautious stance on the stock.”
  • 3/22/2018 – Helmerich & Payne was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.

NYSE HP traded down $0.30 on Friday, hitting $73.01. 13,398 shares of the stock were exchanged, compared to its average volume of 1,631,073. The firm has a market capitalization of $7.92 billion, a price-to-earnings ratio of -57.49 and a beta of 1.33. Helmerich & Payne has a 52-week low of $71.40 and a 52-week high of $72.58. The company has a quick ratio of 2.90, a current ratio of 3.32 and a debt-to-equity ratio of 0.11.

Helmerich & Payne (NYSE:HP) last issued its earnings results on Thursday, April 26th. The oil and gas company reported ($0.05) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.05). The firm had revenue of $577.50 million during the quarter, compared to analyst estimates of $566.02 million. Helmerich & Payne had a net margin of 20.39% and a negative return on equity of 0.81%. The business’s revenue was up 42.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.47) earnings per share. equities research analysts anticipate that Helmerich & Payne will post 0.07 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 18th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date is Thursday, May 17th. Helmerich & Payne’s dividend payout ratio is currently -220.47%.

In other news, CFO Juan Pablo Tardio sold 10,880 shares of the business’s stock in a transaction on Thursday, March 29th. The shares were sold at an average price of $65.90, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert L. Stauder sold 3,820 shares of the business’s stock in a transaction on Wednesday, May 9th. The shares were sold at an average price of $69.30, for a total transaction of $264,726.00. Following the sale, the vice president now directly owns 21,016 shares of the company’s stock, valued at $1,456,408.80. The disclosure for this sale can be found here. 4.10% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Eqis Capital Management Inc. raised its holdings in shares of Helmerich & Payne by 12.9% in the fourth quarter. Eqis Capital Management Inc. now owns 6,096 shares of the oil and gas company’s stock valued at $394,000 after acquiring an additional 695 shares in the last quarter. Systematic Financial Management LP raised its holdings in shares of Helmerich & Payne by 0.6% in the fourth quarter. Systematic Financial Management LP now owns 146,540 shares of the oil and gas company’s stock valued at $9,472,000 after acquiring an additional 841 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Helmerich & Payne by 0.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 165,214 shares of the oil and gas company’s stock valued at $10,681,000 after acquiring an additional 891 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Helmerich & Payne by 23.9% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 5,267 shares of the oil and gas company’s stock valued at $340,000 after acquiring an additional 1,016 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its holdings in shares of Helmerich & Payne by 0.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 320,547 shares of the oil and gas company’s stock valued at $20,720,000 after acquiring an additional 1,063 shares in the last quarter.

Helmerich & Payne, Inc primarily engages in drilling oil and gas wells for exploration and production companies. The company operates through U.S. Land, Offshore, and International Land segments. The U.S. Land segment drills primarily in Colorado, Louisiana, Ohio, Oklahoma, New Mexico, North Dakota, Pennsylvania, Texas, Utah, West Virginia, and Wyoming.

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