Helmerich & Payne (NYSE:HP) Given Hold Rating at Benchmark

Helmerich & Payne (NYSE:HP)‘s stock had its “hold” rating restated by stock analysts at Benchmark in a research report issued on Thursday, Benzinga reports.

HP has been the subject of several other research reports. Piper Sandler increased their price target on Helmerich & Payne from $41.00 to $44.00 and gave the company a “neutral” rating in a research note on Tuesday, February 20th. Citigroup raised their price target on shares of Helmerich & Payne from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. The Goldman Sachs Group decreased their price objective on shares of Helmerich & Payne from $37.00 to $33.00 and set a “sell” rating for the company in a research report on Friday, January 12th. Barclays lowered Helmerich & Payne from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $44.00 to $40.00 in a research report on Wednesday, January 10th. Finally, Susquehanna lifted their target price on Helmerich & Payne from $50.00 to $52.00 and gave the stock a “positive” rating in a report on Monday, April 8th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, Helmerich & Payne has an average rating of “Hold” and a consensus target price of $42.63.

Helmerich & Payne Stock Performance

NYSE:HP opened at $40.41 on Thursday. The stock’s 50-day moving average is $40.75 and its 200-day moving average is $38.71. Helmerich & Payne has a 1-year low of $30.41 and a 1-year high of $46.55. The company has a current ratio of 2.11, a quick ratio of 1.89 and a debt-to-equity ratio of 0.20. The stock has a market cap of $3.99 billion, a P/E ratio of 11.55, a price-to-earnings-growth ratio of 2.03 and a beta of 1.51.

Helmerich & Payne (NYSE:HP) last announced its quarterly earnings results on Tuesday, January 30th. The oil and gas company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.24. The firm had revenue of $677.00 million during the quarter, compared to analysts’ expectations of $661.81 million. Helmerich & Payne had a net margin of 12.84% and a return on equity of 13.28%. The company’s revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.11 EPS. Equities research analysts anticipate that Helmerich & Payne will post 3.59 earnings per share for the current year.

Institutional Investors Weigh In On Helmerich & Payne

Several institutional investors have recently bought and sold shares of HP. Ridgewood Investments LLC lifted its position in shares of Helmerich & Payne by 2.5% during the 1st quarter. Ridgewood Investments LLC now owns 12,852 shares of the oil and gas company’s stock worth $541,000 after buying an additional 308 shares in the last quarter. AlphaMark Advisors LLC boosted its position in Helmerich & Payne by 5.8% in 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 last quarter. Lindbrook Capital LLC grew its stake in Helmerich & Payne by 26.4% in the 1st quarter. Lindbrook Capital LLC now owns 1,698 shares of the oil and gas company’s stock valued at $71,000 after purchasing an additional 355 shares during the period. Marathon Capital Management increased its position in shares of Helmerich & Payne by 0.4% during the 4th quarter. Marathon Capital Management now owns 109,315 shares of the oil and gas company’s stock valued at $3,959,000 after purchasing an additional 409 shares during the last quarter. Finally, Savant Capital LLC boosted its holdings in shares of Helmerich & Payne by 3.0% in the 4th quarter. Savant Capital LLC now owns 14,882 shares of the oil and gas company’s stock worth $539,000 after buying an additional 438 shares during the last quarter. Institutional investors own 96.05% of the company’s stock.

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.