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

Shares of Helmerich & Payne, Inc. (NYSE:HP) have earned an average rating of “Hold” from the twenty-four analysts that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $58.63.

HP has been the subject of several research reports. Royal Bank of Canada set a $65.00 price target on shares of Helmerich & Payne and gave the stock a “buy” rating in a research note on Friday, July 26th. Susquehanna Bancshares decreased their price target on shares of Helmerich & Payne from $72.00 to $62.00 in a research note on Wednesday, July 10th. JPMorgan Chase & Co. decreased their price target on shares of Helmerich & Payne from $64.00 to $54.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. TheStreet lowered shares of Helmerich & Payne from a “b-” rating to a “c+” rating in a research note on Tuesday, May 28th. Finally, Piper Jaffray Companies decreased their price target on shares of Helmerich & Payne from $57.00 to $52.50 and set an “overweight” rating for the company in a research note on Tuesday, July 30th.

Shares of Helmerich & Payne stock traded up $0.23 during trading on Friday, hitting $43.24. The company’s stock had a trading volume of 2,254,693 shares, compared to its average volume of 1,646,126. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.47 and a current ratio of 2.86. The company has a fifty day simple moving average of $40.67 and a two-hundred day simple moving average of $50.68. The company has a market capitalization of $4.71 billion, a PE ratio of 308.86, a P/E/G ratio of 1.30 and a beta of 1.57. Helmerich & Payne has a 52 week low of $36.06 and a 52 week high of $73.74.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings results on Wednesday, July 24th. The oil and gas company reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.05. The company had revenue of $687.97 million during the quarter, compared to analyst estimates of $689.41 million. Helmerich & Payne had a negative net margin of 2.54% and a positive return on equity of 4.06%. Helmerich & Payne’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the business earned ($0.01) EPS. As a group, analysts predict that Helmerich & Payne will post 1.51 EPS for the current year.

The company also recently disclosed a — dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 11th will be paid a dividend of $0.71 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a yield of 7.4%. Helmerich & Payne’s dividend payout ratio is currently 2,028.57%.

Large investors have recently added to or reduced their stakes in the business. Synovus Financial Corp boosted its holdings in shares of Helmerich & Payne by 45.0% during the 1st quarter. Synovus Financial Corp now owns 580 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 180 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its holdings in shares of Helmerich & Payne by 1.2% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 16,625 shares of the oil and gas company’s stock valued at $924,000 after acquiring an additional 197 shares during the last quarter. Mraz Amerine & Associates Inc. boosted its holdings in shares of Helmerich & Payne by 0.5% during the 1st quarter. Mraz Amerine & Associates Inc. now owns 38,530 shares of the oil and gas company’s stock valued at $2,141,000 after acquiring an additional 200 shares during the last quarter. Comerica Bank boosted its holdings in shares of Helmerich & Payne by 0.4% during the 2nd quarter. Comerica Bank now owns 61,802 shares of the oil and gas company’s stock valued at $3,092,000 after acquiring an additional 222 shares during the last quarter. Finally, Alpha Windward LLC boosted its holdings in shares of Helmerich & Payne by 2.7% during the 2nd quarter. Alpha Windward LLC now owns 8,716 shares of the oil and gas company’s stock valued at $416,000 after acquiring an additional 226 shares during the last quarter. Institutional investors and hedge funds own 90.73% of the company’s stock.

About Helmerich & Payne

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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Analyst Recommendations for Helmerich & Payne (NYSE:HP)

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