Helmerich & Payne, Inc. (NYSE:HP) Receives $42.63 Consensus Target Price from Brokerages

Helmerich & Payne, Inc. (NYSE:HPGet Free Report) has received a consensus recommendation of “Reduce” from the ten research firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $42.63.

A number of equities research analysts recently commented on the company. Piper Sandler lifted their target price on Helmerich & Payne from $41.00 to $44.00 and gave the stock a “neutral” rating in a report on Tuesday, February 20th. Royal Bank of Canada lifted their price target 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. Barclays cut Helmerich & Payne from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $44.00 to $40.00 in a research report on Wednesday, January 10th. Benchmark cut Helmerich & Payne from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Finally, Susquehanna reiterated a “positive” rating and set a $50.00 price target on shares of Helmerich & Payne in a research report on Tuesday, February 13th.

Read Our Latest Report on HP

Helmerich & Payne Price Performance

Shares of NYSE HP opened at $42.06 on Friday. 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 company has a market cap of $4.16 billion, a PE ratio of 10.04, a P/E/G ratio of 9.03 and a beta of 1.50. The business has a 50-day simple moving average of $38.90 and a two-hundred day simple moving average of $38.71. Helmerich & Payne has a fifty-two week low of $30.41 and a fifty-two week high of $46.55.

Helmerich & Payne (NYSE:HPGet Free Report) last released its earnings results on Tuesday, January 30th. The oil and gas company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.24. Helmerich & Payne had a return on equity of 15.06% and a net margin of 15.27%. The firm had revenue of $677.00 million during the quarter, compared to the consensus estimate of $661.81 million. During the same quarter in the previous year, the company posted $1.11 earnings per share. The company’s revenue was down 6.0% compared to the same quarter last year. As a group, equities analysts expect that Helmerich & Payne will post 3.5 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date of this dividend is Thursday, May 16th. Helmerich & Payne’s dividend payout ratio (DPR) is presently 23.87%.

Institutional Trading of Helmerich & Payne

Large investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. increased its position in shares of Helmerich & Payne by 221.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 533 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 367 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Helmerich & Payne by 331.4% during the second quarter. Bessemer Group Inc. now owns 906 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 696 shares in the last quarter. Coppell Advisory Solutions Corp. purchased a new stake in shares of Helmerich & Payne during the fourth quarter worth approximately $45,000. Principal Securities Inc. purchased a new stake in shares of Helmerich & Payne during the fourth quarter worth approximately $35,000. Finally, Steward Partners Investment Advisory LLC increased its position in shares of Helmerich & Payne by 689.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,145 shares of the oil and gas company’s stock worth $57,000 after purchasing an additional 1,000 shares in the last quarter. 96.05% of the stock is currently owned by hedge funds and other institutional investors.

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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