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

Shares of Helmerich & Payne, Inc. (NYSE:HP) have earned an average recommendation of “Hold” from the twenty-four brokerages that are currently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $49.16.

A number of analysts have recently issued reports on HP shares. Zacks Investment Research cut Helmerich & Payne from a “hold” rating to a “sell” rating and set a $40.00 price objective for the company. in a research report on Tuesday, October 15th. Morgan Stanley dropped their price target on Helmerich & Payne from $52.00 to $45.00 and set an “underweight” rating on the stock in a research note on Monday, October 7th. Evercore ISI raised Helmerich & Payne from an “in-line” rating to an “outperform” rating and set a $24.00 price target for the company in a report on Monday, November 11th. Deutsche Bank initiated coverage on shares of Helmerich & Payne in a research report on Wednesday, November 27th. They set a “sell” rating and a $34.00 price objective for the company. Finally, Barclays initiated coverage on shares of Helmerich & Payne in a report on Thursday, September 26th. They issued an “overweight” rating and a $48.00 price objective on the stock.

Shares of HP traded up $1.06 during midday trading on Friday, reaching $39.45. The stock had a trading volume of 763,590 shares, compared to its average volume of 2,138,180. The firm has a market cap of $4.29 billion, a PE ratio of 22.54, a P/E/G ratio of 5.00 and a beta of 1.65. The firm has a 50 day simple moving average of $39.36 and a 200-day simple moving average of $44.10. Helmerich & Payne has a one year low of $35.74 and a one year high of $64.80. The company has a current ratio of 2.72, a quick ratio of 2.35 and a debt-to-equity ratio of 0.12.

Helmerich & Payne (NYSE:HP) last issued its earnings results on Thursday, November 14th. The oil and gas company reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.14. The business had revenue of $649.10 million during the quarter, compared to the consensus estimate of $650.92 million. Helmerich & Payne had a negative net margin of 1.20% and a positive return on equity of 4.68%. Helmerich & Payne’s revenue was down 6.8% on a year-over-year basis. During the same period last year, the business posted $0.19 EPS. As a group, research analysts forecast that Helmerich & Payne will post 0.38 EPS for the current fiscal year.

The firm also recently declared a — dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 11th were paid a $0.71 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a dividend yield of 7.4%. Helmerich & Payne’s dividend payout ratio (DPR) is presently 162.29%.

In other news, CEO John W. Lindsay sold 45,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $38.61, for a total transaction of $1,737,450.00. Following the completion of the sale, the chief executive officer now owns 318,441 shares of the company’s stock, valued at approximately $12,295,007.01. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP John R. Bell sold 9,000 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $38.67, for a total transaction of $348,030.00. Following the sale, the vice president now owns 81,426 shares in the company, valued at approximately $3,148,743.42. The disclosure for this sale can be found here. 4.17% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC increased its stake in shares of Helmerich & Payne by 30.7% in the 1st quarter. FMR LLC now owns 308,156 shares of the oil and gas company’s stock valued at $17,121,000 after purchasing an additional 72,343 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its stake in Helmerich & Payne by 9.8% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 92,738 shares of the oil and gas company’s stock valued at $5,153,000 after buying an additional 8,308 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Helmerich & Payne by 3.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 11,635 shares of the oil and gas company’s stock valued at $589,000 after buying an additional 402 shares in the last quarter. CWM Advisors LLC grew its position in Helmerich & Payne by 18.6% in the second quarter. CWM Advisors LLC now owns 10,099 shares of the oil and gas company’s stock valued at $511,000 after acquiring an additional 1,584 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its position in Helmerich & Payne by 6.3% in the second quarter. Commonwealth Equity Services LLC now owns 84,164 shares of the oil and gas company’s stock valued at $4,260,000 after acquiring an additional 4,986 shares during the last quarter. Institutional investors and hedge funds own 90.50% of the company’s stock.

Helmerich & Payne Company Profile

Founded in 1920, Helmerich & Payne, Inc (H&P) (NYSE: HP) is committed to delivering industry leading levels of drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for its customers and returns for shareholders.

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Analyst Recommendations for Helmerich & Payne (NYSE:HP)

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