Helmerich & Payne, Inc. (NYSE:HP) Given Average Recommendation of “Hold” by Analysts

Shares of Helmerich & Payne, Inc. (NYSE:HP) have earned a consensus rating of “Hold” from the twenty-four analysts that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $67.00.

HP has been the topic of a number of research analyst reports. Susquehanna Bancshares set a $70.00 price objective on shares of Helmerich & Payne and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Goldman Sachs Group initiated coverage on shares of Helmerich & Payne in a research report on Sunday, March 10th. They set a “neutral” rating and a $65.00 price objective on the stock. TheStreet cut shares of Helmerich & Payne from a “b-” rating to a “c+” rating in a research report on Tuesday, May 28th. Piper Jaffray Companies set a $61.00 price target on shares of Helmerich & Payne and gave the company a “hold” rating in a research report on Thursday, April 4th. Finally, Jefferies Financial Group cut shares of Helmerich & Payne from a “buy” rating to a “hold” rating and dropped their price target for the company from $64.00 to $56.00 in a research report on Friday, March 15th.

Several institutional investors have recently bought and sold shares of HP. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Helmerich & Payne by 54.7% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 62,239 shares of the oil and gas company’s stock worth $2,984,000 after buying an additional 22,000 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of Helmerich & Payne by 102.2% during the 4th quarter. Crossmark Global Holdings Inc. now owns 11,228 shares of the oil and gas company’s stock worth $538,000 after buying an additional 5,676 shares in the last quarter. First Mercantile Trust Co. lifted its position in shares of Helmerich & Payne by 43.3% during the 4th quarter. First Mercantile Trust Co. now owns 960 shares of the oil and gas company’s stock worth $46,000 after buying an additional 290 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Helmerich & Payne by 0.9% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 139,382 shares of the oil and gas company’s stock worth $6,682,000 after buying an additional 1,199 shares in the last quarter. Finally, TD Asset Management Inc. lifted its position in shares of Helmerich & Payne by 0.4% during the 4th quarter. TD Asset Management Inc. now owns 52,208 shares of the oil and gas company’s stock worth $2,503,000 after buying an additional 187 shares in the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.



Shares of HP stock traded down $1.65 on Friday, reaching $49.69. 32,571 shares of the company were exchanged, compared to its average volume of 1,292,220. The stock has a market capitalization of $5.53 billion, a PE ratio of 361.36 and a beta of 1.56. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.80 and a quick ratio of 2.37. Helmerich & Payne has a one year low of $44.56 and a one year high of $73.74.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings data on Wednesday, April 24th. The oil and gas company reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.18. The company had revenue of $720.87 million for the quarter, compared to analysts’ expectations of $712.29 million. Helmerich & Payne had a net margin of 2.65% and a return on equity of 2.95%. The business’s revenue was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.05) EPS. On average, analysts anticipate that Helmerich & Payne will post 1.67 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, August 12th will be given a dividend of $0.71 per share. The ex-dividend date is Friday, August 9th. This represents a $2.84 annualized dividend and a dividend yield of 5.72%. Helmerich & Payne’s dividend payout ratio is currently 2,028.57%.

Helmerich & Payne Company Profile

Helmerich & Payne, Inc primarily engages in drilling oil and gas wells for exploration and production companies. The company operates through U.S. Land, Offshore, and International Land segments. The U.S. Land segment drills primarily in Colorado, Louisiana, Ohio, Oklahoma, New Mexico, North Dakota, Pennsylvania, Texas, Utah, West Virginia, and Wyoming.

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Analyst Recommendations for Helmerich & Payne (NYSE:HP)

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