Global Alpha Capital Management Ltd. decreased its position in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 19.6% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 729,481 shares of the oil and gas company's stock after selling 177,800 shares during the period. Global Alpha Capital Management Ltd. owned about 0.73% of Helmerich & Payne worth $19,054,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Versant Capital Management Inc lifted its stake in shares of Helmerich & Payne by 104.2% in the 1st quarter. Versant Capital Management Inc now owns 1,699 shares of the oil and gas company's stock valued at $44,000 after purchasing an additional 867 shares in the last quarter. Covestor Ltd increased its holdings in Helmerich & Payne by 61.3% during the 4th quarter. Covestor Ltd now owns 2,386 shares of the oil and gas company's stock worth $76,000 after purchasing an additional 907 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Helmerich & Payne by 85.4% in the 1st quarter. GAMMA Investing LLC now owns 3,167 shares of the oil and gas company's stock worth $83,000 after acquiring an additional 1,459 shares in the last quarter. Sterling Capital Management LLC grew its position in shares of Helmerich & Payne by 817.5% in the 4th quarter. Sterling Capital Management LLC now owns 3,046 shares of the oil and gas company's stock worth $98,000 after acquiring an additional 2,714 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of Helmerich & Payne by 120.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,533 shares of the oil and gas company's stock worth $113,000 after acquiring an additional 1,932 shares in the last quarter. Institutional investors and hedge funds own 96.05% of the company's stock.
Helmerich & Payne Stock Performance
Shares of HP stock opened at $17.26 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.84 and a quick ratio of 1.32. Helmerich & Payne, Inc. has a fifty-two week low of $14.65 and a fifty-two week high of $37.46. The stock's 50-day moving average is $16.58 and its two-hundred day moving average is $21.10. The firm has a market cap of $1.72 billion, a P/E ratio of -52.30 and a beta of 0.87.
Helmerich & Payne (NYSE:HP - Get Free Report) last issued its earnings results on Wednesday, August 6th. The oil and gas company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.02. Helmerich & Payne had a positive return on equity of 5.81% and a negative net margin of 0.90%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the firm posted $0.92 EPS. The business's revenue was up 49.2% compared to the same quarter last year. Analysts predict that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current fiscal year.
Helmerich & Payne Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend is Friday, August 15th. Helmerich & Payne's dividend payout ratio is presently -303.03%.
Analysts Set New Price Targets
Several analysts recently weighed in on the stock. Royal Bank Of Canada lifted their price objective on shares of Helmerich & Payne from $23.00 to $24.00 and gave the company a "sector perform" rating in a research report on Friday. JPMorgan Chase & Co. reduced their price target on Helmerich & Payne from $25.00 to $17.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Barclays cut their price objective on Helmerich & Payne from $20.00 to $17.00 and set an "equal weight" rating for the company in a report on Friday, June 20th. Wall Street Zen lowered Helmerich & Payne from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, Susquehanna cut their price objective on Helmerich & Payne from $24.00 to $23.00 and set a "positive" rating for the company in a report on Tuesday, July 1st. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $22.00.
Get Our Latest Stock Analysis on Helmerich & Payne
About Helmerich & Payne
(
Free Report)
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.
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