Helmerich & Payne, Inc. (HP) To Go Ex-Dividend on November 18th

Helmerich & Payne, Inc. (NYSE:HP) declared a quarterly dividend on Wednesday, September 11th,Zacks Dividends reports. Stockholders of record on Monday, November 18th will be paid a dividend of 0.25 per share by the oil and gas company on Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date is Monday, November 18th.

Helmerich & Payne has decreased its dividend by an average of 19.5% annually over the last three years. Helmerich & Payne has a dividend payout ratio of 28.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Helmerich & Payne to earn $4.14 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 24.2%.

Helmerich & Payne Stock Down 0.3 %

Shares of NYSE:HP opened at $33.85 on Friday. The company has a market capitalization of $3.34 billion, a PE ratio of 9.84, a price-to-earnings-growth ratio of 3.84 and a beta of 1.40. Helmerich & Payne has a 1 year low of $29.46 and a 1 year high of $44.11. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.12 and a quick ratio of 1.87. The business has a fifty day moving average price of $33.48 and a two-hundred day moving average price of $35.17.

Analyst Upgrades and Downgrades

HP has been the topic of several research reports. Royal Bank of Canada lowered their price target on shares of Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating on the stock in a research report on Friday. Evercore ISI upgraded Helmerich & Payne to a “strong-buy” rating in a research report on Friday, July 26th. The Goldman Sachs Group reduced their price target on Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating for the company in a research report on Thursday, August 29th. Benchmark reissued a “hold” rating on shares of Helmerich & Payne in a report on Monday, August 5th. Finally, Citigroup reduced their target price on Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, September 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Helmerich & Payne presently has a consensus rating of “Hold” and an average target price of $39.00.

About Helmerich & Payne

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.