Helmerich & Payne, Inc. (NYSE:HP) Given Consensus Rating of "Hold" by Brokerages

Shares of Helmerich & Payne, Inc. (NYSE:HP - Get Free Report) have earned a consensus recommendation of "Hold" from the thirteen brokerages that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $27.73.

HP has been the subject of a number of research reports. Barclays reduced their price target on shares of Helmerich & Payne from $24.00 to $20.00 and set an "equal weight" rating for the company in a report on Wednesday, May 14th. Argus raised shares of Helmerich & Payne to a "hold" rating in a report on Tuesday, February 11th. Wall Street Zen downgraded shares of Helmerich & Payne from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. reduced their target price on shares of Helmerich & Payne from $25.00 to $17.00 and set a "neutral" rating on the stock in a research report on Wednesday. Finally, Susquehanna dropped their price target on shares of Helmerich & Payne from $43.00 to $28.00 and set a "positive" rating on the stock in a report on Monday, April 14th.

Helmerich & Payne Stock Down 0.3%

Shares of Helmerich & Payne stock traded down $0.04 on Wednesday, hitting $15.28. The company had a trading volume of 2,082,280 shares, compared to its average volume of 1,634,372. The stock has a 50-day moving average of $19.58 and a 200-day moving average of $26.89. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.81 and a quick ratio of 2.52. Helmerich & Payne has a twelve month low of $14.65 and a twelve month high of $42.60. The firm has a market capitalization of $1.52 billion, a P/E ratio of 5.03, a P/E/G ratio of 3.52 and a beta of 0.93.

Helmerich & Payne (NYSE:HP - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The oil and gas company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.63). Helmerich & Payne had a return on equity of 11.31% and a net margin of 11.02%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $961.03 million. During the same quarter last year, the firm earned $0.84 EPS. Helmerich & Payne's revenue for the quarter was up 47.7% compared to the same quarter last year. Research analysts predict that Helmerich & Payne will post 2.93 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 6.54%. The ex-dividend date was Thursday, May 15th. Helmerich & Payne's payout ratio is currently 45.66%.

Institutional Investors Weigh In On Helmerich & Payne

Large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its holdings in Helmerich & Payne by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 5,483,028 shares of the oil and gas company's stock valued at $143,209,000 after acquiring an additional 71,168 shares during the period. Victory Capital Management Inc. raised its holdings in Helmerich & Payne by 28.4% during the first quarter. Victory Capital Management Inc. now owns 3,553,181 shares of the oil and gas company's stock worth $92,809,000 after purchasing an additional 786,250 shares during the last quarter. Earnest Partners LLC grew its position in shares of Helmerich & Payne by 1.0% in the fourth quarter. Earnest Partners LLC now owns 3,487,019 shares of the oil and gas company's stock valued at $111,654,000 after purchasing an additional 35,013 shares during the last quarter. American Century Companies Inc. lifted its holdings in Helmerich & Payne by 12.2% in the 1st quarter. American Century Companies Inc. now owns 2,983,840 shares of the oil and gas company's stock valued at $77,938,000 after purchasing an additional 325,484 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Helmerich & Payne by 24.7% during the 1st quarter. Invesco Ltd. now owns 2,704,134 shares of the oil and gas company's stock worth $70,632,000 after purchasing an additional 535,808 shares during the period. Hedge funds and other institutional investors own 96.05% of the company's stock.

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.