Helmerich & Payne (NYSE:HP) PT Raised to $65.00 at Barclays

Helmerich & Payne (NYSE:HPGet Rating) had its target price boosted by Barclays to $65.00 in a research note released on Monday morning, Stock Target Advisor reports.

HP has been the topic of a number of other research reports. Susquehanna Bancshares upped their price objective on Helmerich & Payne from $62.00 to $65.00 and gave the stock a positive rating in a research note on Friday, November 18th. Susquehanna upped their price objective on Helmerich & Payne from $62.00 to $65.00 and gave the stock a positive rating in a research note on Friday, November 18th. Morgan Stanley upped their price objective on Helmerich & Payne from $55.00 to $60.00 and gave the stock an equal weight rating in a research note on Monday. StockNews.com began coverage on Helmerich & Payne in a research note on Wednesday, October 12th. They set a hold rating on the stock. Finally, Piper Sandler increased their price target on Helmerich & Payne from $61.00 to $65.00 and gave the company an overweight rating in a research note on Friday, November 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Helmerich & Payne has an average rating of Moderate Buy and a consensus target price of $60.55.

Helmerich & Payne Trading Down 3.9 %

NYSE:HP opened at $51.78 on Monday. Helmerich & Payne has a twelve month low of $20.93 and a twelve month high of $54.59. The company has a quick ratio of 2.32, a current ratio of 2.54 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average price of $45.51 and a two-hundred day moving average price of $44.72. The company has a market cap of $5.46 billion, a P/E ratio of 1,035.81 and a beta of 1.75.

Helmerich & Payne (NYSE:HPGet Rating) last announced its quarterly earnings data on Thursday, November 17th. The oil and gas company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. Helmerich & Payne had a return on equity of 0.45% and a net margin of 0.34%. The company had revenue of $631.33 million for the quarter, compared to analysts’ expectations of $597.29 million. During the same quarter in the prior year, the business posted ($0.62) EPS. The business’s revenue was up 83.6% compared to the same quarter last year. As a group, analysts expect that Helmerich & Payne will post 4.21 EPS for the current fiscal year.

Helmerich & Payne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Monday, November 14th. Helmerich & Payne’s dividend payout ratio is 2,000.40%.

Insider Buying and Selling at Helmerich & Payne

In other news, SVP John R. Bell sold 4,314 shares of the stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $50.00, for a total transaction of $215,700.00. Following the sale, the senior vice president now directly owns 117,395 shares of the company’s stock, valued at approximately $5,869,750. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, SVP Raymond John Adams III sold 1,500 shares of the stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $47.50, for a total transaction of $71,250.00. Following the sale, the senior vice president now directly owns 52,935 shares of the company’s stock, valued at approximately $2,514,412.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP John R. Bell sold 4,314 shares of the stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $50.00, for a total value of $215,700.00. Following the sale, the senior vice president now directly owns 117,395 shares in the company, valued at $5,869,750. The disclosure for this sale can be found here. Insiders own 4.35% of the company’s stock.

Institutional Trading of Helmerich & Payne

Several large investors have recently modified their holdings of HP. Mutual of America Capital Management LLC boosted its stake in Helmerich & Payne by 3.1% in the first quarter. Mutual of America Capital Management LLC now owns 15,203 shares of the oil and gas company’s stock valued at $650,000 after buying an additional 461 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Helmerich & Payne by 13.1% during the first quarter. Envestnet Asset Management Inc. now owns 61,577 shares of the oil and gas company’s stock worth $2,634,000 after acquiring an additional 7,136 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Helmerich & Payne by 80.0% during the first quarter. Victory Capital Management Inc. now owns 22,061 shares of the oil and gas company’s stock worth $1,015,000 after acquiring an additional 9,806 shares during the last quarter. Legacy Financial Advisors Inc. bought a new position in shares of Helmerich & Payne during the first quarter worth about $261,000. Finally, Advisor Group Holdings Inc. raised its position in shares of Helmerich & Payne by 49.6% during the first quarter. Advisor Group Holdings Inc. now owns 69,782 shares of the oil and gas company’s stock worth $2,908,000 after acquiring an additional 23,123 shares during the last quarter. 94.61% of the stock is owned by institutional investors and hedge funds.

About Helmerich & Payne

(Get Rating)

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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