Helmerich & Payne (NYSE:HP) Hits New 1-Year Low – Should You Sell?

Helmerich & Payne, Inc. (NYSE:HP) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $26.50 and last traded at $26.77, with a volume of 156453 shares. The stock had previously closed at $27.24.

Analyst Ratings Changes

HP has been the subject of several research reports. Royal Bank of Canada lowered their price objective on shares of Helmerich & Payne from $41.00 to $35.00 and set a “sector perform” rating for the company in a research note on Friday, February 7th. Evercore ISI reaffirmed an “in-line” rating and set a $39.00 price target (down previously from $48.00) on shares of Helmerich & Payne in a research report on Wednesday, January 15th. Barclays cut their price objective on Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 20th. Citigroup raised Helmerich & Payne from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $33.00 to $40.00 in a report on Friday, January 10th. Finally, Benchmark reiterated a “hold” rating on shares of Helmerich & Payne in a research report on Thursday, November 21st. One investment 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’s stock. Based on data from MarketBeat, Helmerich & Payne has an average rating of “Hold” and an average target price of $38.75.

Helmerich & Payne Stock Up 0.3 %

The stock has a market cap of $2.72 billion, a PE ratio of 9.01, a P/E/G ratio of 3.41 and a beta of 1.37. The business has a 50 day moving average price of $32.80 and a 200 day moving average price of $33.49. The company has a quick ratio of 2.40, a current ratio of 2.81 and a debt-to-equity ratio of 0.60.

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

Helmerich & Payne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Friday, February 14th. Helmerich & Payne’s dividend payout ratio (DPR) is presently 32.89%.

Insider Buying and Selling at Helmerich & Payne

In related news, Director Belgacem Chariag purchased 37,356 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was bought at an average price of $27.08 per share, with a total value of $1,011,600.48. Following the acquisition, the director now owns 54,606 shares in the company, valued at $1,478,730.48. The trade was a 216.56 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John W. Lindsay acquired 20,000 shares of Helmerich & Payne stock in a transaction on Monday, February 10th. The shares were bought at an average price of $27.55 per share, with a total value of $551,000.00. Following the completion of the transaction, the chief executive officer now directly owns 691,214 shares of the company’s stock, valued at $19,042,945.70. This trade represents a 2.98 % increase in their position. The disclosure for this purchase can be found here. 4.51% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Exchange Traded Concepts LLC raised its holdings in shares of Helmerich & Payne by 38.9% during the third quarter. Exchange Traded Concepts LLC now owns 31,803 shares of the oil and gas company’s stock valued at $967,000 after acquiring an additional 8,907 shares during the last quarter. Creative Planning boosted its stake in Helmerich & Payne by 13.3% during the 3rd quarter. Creative Planning now owns 23,656 shares of the oil and gas company’s stock worth $720,000 after purchasing an additional 2,774 shares during the last quarter. Fruth Investment Management grew its holdings in shares of Helmerich & Payne by 6.3% during the third quarter. Fruth Investment Management now owns 13,425 shares of the oil and gas company’s stock worth $408,000 after buying an additional 800 shares in the last quarter. AlphaMark Advisors LLC raised its position in shares of Helmerich & Payne by 13.1% in the third quarter. AlphaMark Advisors LLC now owns 9,086 shares of the oil and gas company’s stock valued at $276,000 after buying an additional 1,055 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Helmerich & Payne by 127.8% in the third quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company’s stock worth $46,000 after buying an additional 854 shares in the last quarter. 96.05% of the stock is owned by hedge funds and other institutional investors.

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.