Helmerich & Payne (NYSE:HP) received a $45.00 target price from research analysts at Macquarie in a research report issued on Tuesday, February 5th. The firm presently has a “sell” rating on the oil and gas company’s stock. Macquarie’s target price would suggest a potential downside of 18.11% from the stock’s current price.
Several other research firms have also weighed in 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 upgraded Helmerich & Payne from a “hold” rating to a “buy” rating in a research note on Tuesday, November 20th. Piper Jaffray Companies restated a “hold” rating and set a $62.00 target price on shares of Helmerich & Payne in a research note on Tuesday, February 5th. Seaport Global Securities reiterated a “hold” rating on shares of Helmerich & Payne in a research report on Wednesday, January 30th. Finally, Cowen reissued a “hold” rating and issued a $61.00 target price on shares of Helmerich & Payne in a report on Monday, December 3rd. 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. The company has a market capitalization of $6.02 billion, a PE ratio of 392.50 and a beta of 1.57. The company has a quick ratio of 2.29, a current ratio of 2.70 and a debt-to-equity ratio of 0.11. Helmerich & Payne has a 12-month low of $44.56 and a 12-month high of $74.36.
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.
In other Helmerich & Payne 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 value of $415,272.96. Following the completion of the sale, the vice president now owns 10,360 shares in the company, valued at approximately $622,428.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 4.17% of the company’s stock.
Several large investors have recently bought and sold shares of HP. Capital International Ltd. CA increased its holdings in shares of Helmerich & Payne by 172.0% in the third quarter. Capital International Ltd. CA now owns 20,400 shares of the oil and gas company’s stock worth $1,403,000 after purchasing an additional 12,900 shares during the period. Highland Capital Management LLC bought a new position in Helmerich & Payne in the fourth quarter valued at $4,212,000. Verity Asset Management Inc. bought a new position in Helmerich & Payne in the third quarter valued at $329,000. AMP Capital Investors Ltd grew its stake in shares of Helmerich & Payne by 107.7% during the third quarter. AMP Capital Investors Ltd now owns 67,640 shares of the oil and gas company’s stock valued at $4,674,000 after buying an additional 35,067 shares during the last quarter. Finally, BTIM Corp. grew its stake in shares of Helmerich & Payne by 3.5% during the third quarter. BTIM Corp. now owns 200,462 shares of the oil and gas company’s stock valued at $13,786,000 after buying an additional 6,711 shares during the last quarter. Hedge funds and other institutional investors own 90.27% of the company’s stock.
About Helmerich & Payne
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.
Further Reading: What is the Dow Jones Industrial Average (DJIA)?
Receive News & Ratings for Helmerich & Payne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helmerich & Payne and related companies with MarketBeat.com's FREE daily email newsletter.