Evercore ISI Reiterates “In-Line” Rating for Helmerich & Payne (NYSE:HP)

Helmerich & Payne (NYSE:HP)‘s stock had its “in-line” rating reaffirmed by stock analysts at Evercore ISI in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. They currently have a $39.00 price target on the oil and gas company’s stock, down from their previous price target of $48.00. Evercore ISI’s price target would indicate a potential upside of 6.38% from the stock’s previous close.

HP has been the topic of several other research reports. Royal Bank of Canada reduced 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, November 15th. Barclays reduced their target price on shares of Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 20th. Citigroup upgraded shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $33.00 to $40.00 in a research note on Friday, January 10th. Finally, Benchmark reiterated a “hold” rating on shares of Helmerich & Payne in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Helmerich & Payne presently has a consensus rating of “Hold” and a consensus price target of $39.50.

Helmerich & Payne Stock Performance

NYSE:HP opened at $36.66 on Wednesday. Helmerich & Payne has a fifty-two week low of $29.46 and a fifty-two week high of $44.11. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.40 and a current ratio of 2.67. The company has a 50 day moving average price of $33.68 and a 200 day moving average price of $34.19. The stock has a market capitalization of $3.62 billion, a P/E ratio of 10.66, a PEG ratio of 4.22 and a beta of 1.39.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings data on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.76. The business had revenue of $693.79 million during the quarter, compared to analysts’ expectations 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 was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.69 earnings per share. Equities research analysts forecast that Helmerich & Payne will post 3.11 EPS for the current year.

Institutional Trading of Helmerich & Payne

Hedge funds and other institutional investors have recently bought and sold shares of the business. State of New Jersey Common Pension Fund D raised its holdings in Helmerich & Payne by 18.1% during the third quarter. State of New Jersey Common Pension Fund D now owns 58,634 shares of the oil and gas company’s stock worth $1,784,000 after purchasing an additional 9,004 shares in the last quarter. Petrus Trust Company LTA acquired a new stake in Helmerich & Payne during the 3rd quarter worth $619,000. William B. Walkup & Associates Inc. acquired a new stake in Helmerich & Payne during the 2nd quarter worth $1,274,000. FMR LLC lifted its position in Helmerich & Payne by 510.7% in the third quarter. FMR LLC now owns 140,655 shares of the oil and gas company’s stock valued at $4,279,000 after acquiring an additional 117,624 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of Helmerich & Payne by 320.2% during the third quarter. Barclays PLC now owns 198,415 shares of the oil and gas company’s stock worth $6,035,000 after purchasing an additional 151,196 shares during the last quarter. 96.05% of the stock is currently owned by institutional investors and hedge funds.

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.