Brokerages Set Helmerich & Payne, Inc. (NYSE:HP) PT at $27.45

Shares of Helmerich & Payne, Inc. (NYSE:HP - Get Free Report) have earned a consensus recommendation of "Hold" from the thirteen research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $26.73.

A number of research analysts have issued reports on the company. Citigroup reissued a "neutral" rating and issued a $19.00 target price (down from $25.00) on shares of Helmerich & Payne in a research note on Monday, May 19th. Susquehanna decreased their price objective on Helmerich & Payne from $43.00 to $28.00 and set a "positive" rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group dropped their target price on shares of Helmerich & Payne from $25.00 to $17.00 and set a "sell" rating on the stock in a report on Tuesday. TD Cowen cut their price target on shares of Helmerich & Payne from $28.00 to $26.00 and set a "hold" rating on the stock in a research note on Friday, May 9th. Finally, JPMorgan Chase & Co. dropped their price target on Helmerich & Payne from $25.00 to $17.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 28th.

Institutional Trading of Helmerich & Payne

Hedge funds and other institutional investors have recently modified their holdings of the stock. Kestra Investment Management LLC bought a new stake in Helmerich & Payne during the fourth quarter worth $27,000. Versant Capital Management Inc increased its stake in shares of Helmerich & Payne by 104.2% during the 1st quarter. Versant Capital Management Inc now owns 1,699 shares of the oil and gas company's stock worth $44,000 after purchasing an additional 867 shares during the last quarter. Covestor Ltd increased its stake in shares of 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. Quarry LP bought a new stake in shares of Helmerich & Payne in the 1st quarter valued at about $81,000. Finally, GAMMA Investing LLC lifted its stake in 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 valued at $83,000 after purchasing an additional 1,459 shares during the last quarter. Institutional investors and hedge funds own 96.05% of the company's stock.

Helmerich & Payne Trading Down 2.8%

NYSE:HP traded down $0.44 during trading hours on Friday, hitting $15.50. The stock had a trading volume of 2,345,064 shares, compared to its average volume of 1,726,279. The business's 50 day moving average is $17.91 and its 200-day moving average is $24.90. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.32 and a current ratio of 1.68. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 7.08 and a beta of 0.83. Helmerich & Payne has a one year low of $14.65 and a one year high of $42.60.

Helmerich & Payne (NYSE:HP - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.63). Helmerich & Payne had a net margin of 7.15% and a return on equity of 8.25%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $961.03 million. During the same period last year, the firm earned $0.84 EPS. Helmerich & Payne's quarterly revenue was up 47.7% on a year-over-year basis. Sell-side analysts anticipate that Helmerich & Payne will post 2.93 EPS for the current fiscal year.

Helmerich & Payne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.45%. Helmerich & Payne's dividend payout ratio is 45.66%.

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.