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

Shares of Helmerich & Payne, Inc. (NYSE:HP) have received an average rating of “Hold” from the nine analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $39.50.

Several research analysts recently commented on HP shares. Benchmark restated a “hold” rating on shares of Helmerich & Payne in a report on Thursday, November 21st. Barclays decreased their price target on shares of Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 20th. Royal Bank of Canada reduced their price objective on Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating on the stock in a research note on Friday, November 15th. Evercore ISI reissued an “in-line” rating and set a $39.00 price target (down from $48.00) on shares of Helmerich & Payne in a research report on Wednesday, January 15th. Finally, Citigroup upgraded shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $33.00 to $40.00 in a research note on Friday, January 10th.

Helmerich & Payne Stock Performance

Helmerich & Payne stock opened at $32.82 on Thursday. Helmerich & Payne has a fifty-two week low of $29.46 and a fifty-two week high of $44.11. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 4.45 and a beta of 1.39. The stock has a fifty day moving average of $33.71 and a two-hundred day moving average of $34.12. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.40 and a current ratio of 2.67.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share for the quarter, meeting the consensus estimate of $0.76. The company had revenue of $693.79 million during the quarter, compared to the consensus estimate of $695.99 million. Helmerich & Payne had a return on equity of 12.44% and a net margin of 12.48%. Helmerich & Payne’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.69 EPS. On average, analysts anticipate that Helmerich & Payne will post 3.06 EPS for the current fiscal year.

Helmerich & Payne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date is Friday, February 14th. Helmerich & Payne’s payout ratio is 29.07%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Covestor Ltd lifted its stake in Helmerich & Payne by 76.9% in the third quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company’s stock valued at $45,000 after buying an additional 643 shares during the last quarter. Blue Trust Inc. boosted its stake in Helmerich & Payne by 127.8% during the 3rd quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company’s stock valued at $46,000 after purchasing an additional 854 shares during the period. Quarry LP bought a new position in Helmerich & Payne in the 3rd quarter worth about $48,000. Eastern Bank acquired a new stake in shares of Helmerich & Payne in the third quarter valued at approximately $61,000. Finally, Steph & Co. bought a new stake in shares of Helmerich & Payne during the fourth quarter valued at approximately $87,000. Institutional investors and hedge funds own 96.05% 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.