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

Shares of Helmerich & Payne, Inc. (NYSE:HP) have been assigned an average rating of “Hold” from the nine analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $39.50.

A number of equities analysts recently issued reports on HP shares. Citigroup raised shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $33.00 to $40.00 in a research report on Friday, January 10th. Barclays dropped their target price on shares of Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 20th. Evercore ISI reaffirmed an “in-line” rating and set a $39.00 target price (down previously from $48.00) on shares of Helmerich & Payne in a research report on Wednesday, January 15th. Royal Bank of Canada dropped their target price on shares of Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating on the stock in a research report on Friday, November 15th. Finally, Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a research report on Thursday, November 21st.

Institutional Investors Weigh In On Helmerich & Payne

Several large investors have recently made changes to their positions in HP. Covestor Ltd grew its holdings in shares of Helmerich & Payne by 76.9% in the 3rd quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company’s stock worth $45,000 after purchasing an additional 643 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Helmerich & Payne by 127.8% in the 3rd quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company’s stock worth $46,000 after purchasing an additional 854 shares during the last quarter. Quarry LP bought a new stake in shares of Helmerich & Payne in the 3rd quarter worth about $48,000. Eastern Bank bought a new stake in shares of Helmerich & Payne in the 3rd quarter worth about $61,000. Finally, Steph & Co. bought a new stake in shares of Helmerich & Payne in the 4th quarter worth about $87,000. Institutional investors own 96.05% of the company’s stock.

Helmerich & Payne Price Performance

Shares of Helmerich & Payne stock opened at $35.65 on Thursday. The firm has a fifty day simple moving average of $33.68 and a 200-day simple moving average of $34.21. The company has a current ratio of 2.67, a quick ratio of 2.40 and a debt-to-equity ratio of 0.61. Helmerich & Payne has a 1-year low of $29.46 and a 1-year high of $44.11. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of 10.36, a PEG ratio of 4.54 and a beta of 1.39.

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

Helmerich & Payne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Friday, February 14th. Helmerich & Payne’s payout ratio is 29.07%.

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.