Brokerages Set Helmerich & Payne, Inc. (NYSE:HP) PT at $38.57

Helmerich & Payne, Inc. (NYSE:HP) has earned a consensus rating of “Hold” from the nine ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $38.57.

HP has been the subject of several analyst reports. Barclays dropped their price objective on shares of Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 20th. Citigroup dropped their price target on shares of Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, September 13th. Benchmark reissued a “hold” rating on shares of Helmerich & Payne in a research report on Thursday, November 21st. The Goldman Sachs Group lowered their price objective on Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating on the stock in a research note on Thursday, August 29th. Finally, Royal Bank of Canada cut their target price on Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating for the company in a research report on Friday, November 15th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio acquired a new stake in Helmerich & Payne in the first quarter valued at approximately $102,000. Janus Henderson Group PLC grew its position in Helmerich & Payne by 18.9% during the 1st quarter. Janus Henderson Group PLC now owns 57,870 shares of the oil and gas company’s stock worth $2,432,000 after acquiring an additional 9,190 shares during the last quarter. Mather Group LLC. grew its position in Helmerich & Payne by 13.5% during the 2nd quarter. Mather Group LLC. now owns 13,143 shares of the oil and gas company’s stock worth $475,000 after acquiring an additional 1,568 shares during the last quarter. CWM LLC increased its holdings in Helmerich & Payne by 66.7% in the 2nd quarter. CWM LLC now owns 4,972 shares of the oil and gas company’s stock worth $180,000 after purchasing an additional 1,990 shares in the last quarter. Finally, Simplicity Wealth LLC bought a new position in Helmerich & Payne in the second quarter valued at about $236,000. Institutional investors own 96.05% of the company’s stock.

Helmerich & Payne Price Performance

Helmerich & Payne stock opened at $33.26 on Wednesday. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 9.63, a PEG ratio of 4.31 and a beta of 1.39. The stock’s 50 day moving average is $34.43 and its 200-day moving average is $34.79. The company has a current ratio of 2.67, a quick ratio of 2.40 and a debt-to-equity ratio of 0.61. Helmerich & Payne has a 12 month low of $29.46 and a 12 month high of $44.11.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings data on Wednesday, November 13th. The oil and gas company reported $0.76 EPS for the quarter, meeting analysts’ consensus estimates of $0.76. The firm had revenue of $693.79 million for the quarter, compared to analyst estimates of $695.99 million. Helmerich & Payne had a return on equity of 12.44% and a net margin of 12.48%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.69 EPS. Equities research analysts expect that Helmerich & Payne will post 3.12 EPS for the current year.

Helmerich & Payne Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.01%. Helmerich & Payne’s dividend payout ratio (DPR) is currently 29.07%.

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.