Helmerich & Payne (NYSE:HP - Free Report) had its target price cut by Susquehanna from $24.00 to $23.00 in a research report released on Tuesday morning,Benzinga reports. They currently have a positive rating on the oil and gas company's stock.
Several other brokerages also recently issued reports on HP. JPMorgan Chase & Co. reduced their price objective on Helmerich & Payne from $25.00 to $17.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. Citigroup reissued a "neutral" rating and issued a $17.00 price target (down from $19.00) on shares of Helmerich & Payne in a research report on Thursday, June 26th. TD Cowen decreased their price target on shares of Helmerich & Payne from $28.00 to $26.00 and set a "hold" rating for the company in a report on Friday, May 9th. Barclays lowered their price objective on shares of Helmerich & Payne from $20.00 to $17.00 and set an "equal weight" rating on the stock in a research report on Friday, June 20th. Finally, Wall Street Zen downgraded shares of Helmerich & Payne from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $26.09.
Get Our Latest Stock Analysis on HP
Helmerich & Payne Trading Down 0.7%
Shares of HP stock traded down $0.11 during trading hours on Tuesday, reaching $16.45. 1,033,228 shares of the stock traded hands, compared to its average volume of 1,749,359. The company has a quick ratio of 1.32, a current ratio of 1.68 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $1.64 billion, a PE ratio of 7.51 and a beta of 0.82. Helmerich & Payne has a 1-year low of $14.65 and a 1-year high of $42.60. The business has a fifty day moving average price of $17.24 and a 200 day moving average price of $23.98.
Helmerich & Payne (NYSE:HP - Get Free Report) last posted 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). The firm had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $961.03 million. Helmerich & Payne had a return on equity of 8.25% and a net margin of 7.15%. The company's revenue for the quarter was up 47.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.84 earnings per share. On average, equities research analysts forecast that Helmerich & Payne will post 2.93 EPS for the current year.
Helmerich & Payne Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be issued a $0.25 dividend. The ex-dividend date is Friday, August 15th. This represents a $1.00 annualized dividend and a yield of 6.08%. Helmerich & Payne's dividend payout ratio (DPR) is currently 45.66%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc grew its holdings 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 in the last quarter. Covestor Ltd lifted its position 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 buying an additional 907 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Helmerich & Payne by 82.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,805 shares of the oil and gas company's stock valued at $88,000 after purchasing an additional 1,268 shares in the last quarter. Sterling Capital Management LLC boosted its position in 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 valued at $98,000 after buying an additional 2,714 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of Helmerich & Payne in the 1st quarter valued at $81,000. 96.05% of the stock is currently owned by institutional investors and hedge funds.
About Helmerich & Payne
(
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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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