Helmerich & Payne, Inc. (NYSE:HP) Director Belgacem Chariag Purchases 37,356 Shares

Helmerich & Payne, Inc. (NYSE:HP) Director Belgacem Chariag acquired 37,356 shares of the stock in a transaction dated Monday, February 10th. The shares were bought at an average price of $27.08 per share, with a total value of $1,011,600.48. Following the completion of the transaction, the director now directly owns 54,606 shares of the company’s stock, valued at $1,478,730.48. The trade was a 216.56 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Helmerich & Payne Stock Performance

Shares of HP opened at $26.96 on Thursday. The stock has a 50-day moving average of $32.64 and a 200-day moving average of $33.44. Helmerich & Payne, Inc. has a one year low of $26.35 and a one year high of $44.11. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.81 and a quick ratio of 2.40. The company has a market cap of $2.68 billion, a PE ratio of 8.87, a P/E/G ratio of 3.41 and a beta of 1.37.

Helmerich & Payne (NYSE:HP) last announced its quarterly earnings data on Wednesday, February 5th. The oil and gas company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. Helmerich & Payne had a return on equity of 11.31% and a net margin of 11.02%. On average, equities research analysts predict that Helmerich & Payne, Inc. will post 3.11 EPS for the current fiscal year.

Helmerich & Payne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.00 dividend on an annualized basis and a yield of 3.71%. Helmerich & Payne’s dividend payout ratio (DPR) is presently 32.89%.

Analyst Ratings Changes

Several research analysts have issued reports on HP shares. Benchmark restated a “hold” rating on shares of Helmerich & Payne in a report on Thursday, November 21st. Evercore ISI reissued an “in-line” rating and set a $39.00 target price (down previously from $48.00) on shares of Helmerich & Payne in a research note on Wednesday, January 15th. Citigroup raised shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and upped their price target for the company from $33.00 to $40.00 in a research report on Friday, January 10th. Royal Bank of Canada lowered their price objective on Helmerich & Payne from $41.00 to $35.00 and set a “sector perform” rating for the company in a research report on Friday, February 7th. Finally, Barclays dropped their price objective on Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Helmerich & Payne presently has an average rating of “Hold” and a consensus price target of $38.75.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HP. Kestra Investment Management LLC bought a new position in shares of Helmerich & Payne in the fourth quarter valued at approximately $27,000. Covestor Ltd raised its position in Helmerich & Payne by 76.9% in the 3rd 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. lifted 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 acquiring an additional 854 shares in the last quarter. Quarry LP purchased a new position in Helmerich & Payne during the 3rd quarter worth $48,000. Finally, Eastern Bank bought a new stake in shares of Helmerich & Payne in the 3rd quarter worth $61,000. Institutional investors and hedge funds own 96.05% of the company’s stock.

About Helmerich & Payne

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.