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

Shares of Helmerich & Payne, Inc. (NYSE:HPGet Free Report) have been assigned an average rating of “Reduce” from the ten brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $42.25.

A number of equities research analysts have recently commented on the company. Royal Bank of Canada increased their price objective on Helmerich & Payne from $46.00 to $48.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 31st. StockNews.com downgraded Helmerich & Payne from a “buy” rating to a “hold” rating in a research report on Tuesday, November 21st. The Goldman Sachs Group cut their price objective on Helmerich & Payne from $37.00 to $33.00 and set a “sell” rating for the company in a research report on Friday, January 12th. Morgan Stanley increased their target price on Helmerich & Payne from $42.00 to $44.00 and gave the company an “underweight” rating in a report on Tuesday, October 17th. Finally, Atb Cap Markets lowered Helmerich & Payne from an “outperform” rating to a “sector perform” rating in a report on Thursday, November 16th.

Check Out Our Latest Stock Analysis on Helmerich & Payne

Helmerich & Payne Stock Performance

Shares of NYSE HP opened at $38.84 on Thursday. The stock has a fifty day moving average price of $36.03 and a two-hundred day moving average price of $39.52. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.89 and a current ratio of 2.11. The firm has a market cap of $3.84 billion, a P/E ratio of 9.27, a PEG ratio of 8.33 and a beta of 1.52. Helmerich & Payne has a 1 year low of $30.41 and a 1 year high of $46.84.

Helmerich & Payne (NYSE:HPGet Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The oil and gas company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.24. The firm had revenue of $677.00 million during the quarter, compared to analyst estimates of $661.81 million. Helmerich & Payne had a return on equity of 15.06% and a net margin of 15.27%. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period last year, the company posted $1.11 EPS. Research analysts forecast that Helmerich & Payne will post 3.35 EPS for the current fiscal year.

Helmerich & Payne Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.33%. This is an increase from Helmerich & Payne’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, February 12th. Helmerich & Payne’s dividend payout ratio is presently 23.87%.

Hedge Funds Weigh In On Helmerich & Payne

Several hedge funds have recently bought and sold shares of HP. Metropolitan Life Insurance Co NY lifted its stake in shares of Helmerich & Payne by 3.7% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 6,313 shares of the oil and gas company’s stock valued at $313,000 after buying an additional 226 shares during the period. Ameritas Investment Partners Inc. lifted its stake in shares of Helmerich & Payne by 3.0% in the second quarter. Ameritas Investment Partners Inc. now owns 8,302 shares of the oil and gas company’s stock valued at $294,000 after buying an additional 241 shares during the period. Captrust Financial Advisors lifted its stake in shares of Helmerich & Payne by 1.9% in the second quarter. Captrust Financial Advisors now owns 17,651 shares of the oil and gas company’s stock valued at $626,000 after buying an additional 334 shares during the period. AlphaMark Advisors LLC lifted its stake in Helmerich & Payne by 5.8% during the fourth quarter. AlphaMark Advisors LLC now owns 6,339 shares of the oil and gas company’s stock worth $230,000 after purchasing an additional 346 shares during the period. Finally, Transform Wealth LLC lifted its stake in Helmerich & Payne by 4.1% during the third quarter. Transform Wealth LLC now owns 8,919 shares of the oil and gas company’s stock worth $376,000 after purchasing an additional 354 shares during the period. 96.05% of the stock is owned by institutional investors and hedge funds.

About Helmerich & Payne

(Get Free Report

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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