A number of other equities research analysts have also issued reports on HP. Zacks Investment Research lowered Helmerich & Payne from a hold rating to a sell rating in a research report on Monday, January 28th. ValuEngine raised Helmerich & Payne from a hold rating to a buy rating in a research report on Tuesday, November 20th. Piper Jaffray Companies reiterated a hold rating and set a $62.00 price target on shares of Helmerich & Payne in a research note on Tuesday, February 5th. Macquarie set a $45.00 price objective on Helmerich & Payne and gave the stock a sell rating in a research report on Tuesday, February 5th. Finally, Seaport Global Securities reissued a hold rating on shares of Helmerich & Payne in a report on Wednesday, January 30th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. Helmerich & Payne presently has a consensus rating of Hold and a consensus price target of $67.11.
HP stock traded up $0.75 during midday trading on Tuesday, hitting $54.95. 1,203,567 shares of the company’s stock were exchanged, compared to its average volume of 1,358,465. Helmerich & Payne has a 12-month low of $44.56 and a 12-month high of $74.36. The company has a quick ratio of 2.29, a current ratio of 2.70 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $6.02 billion, a PE ratio of 392.50 and a beta of 1.57.
Helmerich & Payne (NYSE:HP) last announced its quarterly earnings results on Tuesday, January 29th. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.14. The company had revenue of $740.60 million during the quarter, compared to analyst estimates of $716.12 million. Helmerich & Payne had a return on equity of 1.18% and a net margin of 0.06%. As a group, sell-side analysts anticipate that Helmerich & Payne will post 1.58 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 8th were given a dividend of $0.71 per share. The ex-dividend date of this dividend was Thursday, February 7th. This represents a $2.84 dividend on an annualized basis and a yield of 5.17%. Helmerich & Payne’s dividend payout ratio (DPR) is currently 2,028.57%.
In other news, VP Michael Lennox sold 6,912 shares of the stock in a transaction dated Tuesday, December 11th. The shares were sold at an average price of $60.08, for a total transaction of $415,272.96. Following the transaction, the vice president now owns 10,360 shares of the company’s stock, valued at approximately $622,428.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.17% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of the company. Capital Investment Advisory Services LLC purchased a new stake in shares of Helmerich & Payne during the 4th quarter worth approximately $31,000. CSat Investment Advisory L.P. lifted its position in shares of Helmerich & Payne by 41.5% during the fourth quarter. CSat Investment Advisory L.P. now owns 679 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 199 shares in the last quarter. First Mercantile Trust Co. lifted its position in shares of Helmerich & Payne by 43.3% during the fourth quarter. First Mercantile Trust Co. now owns 960 shares of the oil and gas company’s stock worth $46,000 after acquiring an additional 290 shares in the last quarter. Enlightenment Research LLC purchased a new stake in shares of Helmerich & Payne during the fourth quarter worth $48,000. Finally, Captrust Financial Advisors lifted its position in shares of Helmerich & Payne by 639.2% during the fourth quarter. Captrust Financial Advisors now owns 1,264 shares of the oil and gas company’s stock worth $61,000 after acquiring an additional 1,093 shares in the last quarter. Institutional investors own 90.27% of the company’s stock.
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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