Helmerich & Payne (NYSE:HP - Free Report) had its target price lowered by TD Cowen from $28.00 to $26.00 in a research note published on Friday, MarketBeat Ratings reports. The brokerage currently has a hold rating on the oil and gas company's stock.
HP has been the subject of several other reports. Morgan Stanley reissued an "underweight" rating and set a $27.00 price objective on shares of Helmerich & Payne in a research note on Thursday, March 27th. Royal Bank of Canada lowered their price target on Helmerich & Payne from $41.00 to $35.00 and set a "sector perform" rating for the company in a research report on Friday, February 7th. Evercore ISI restated an "in-line" rating and set a $39.00 price target (down from $48.00) on shares of Helmerich & Payne in a research note on Wednesday, January 15th. Citigroup reduced their price objective on Helmerich & Payne from $33.00 to $32.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, Barclays dropped their target price on shares of Helmerich & Payne from $36.00 to $24.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 19th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $30.50.
Check Out Our Latest Report on Helmerich & Payne
Helmerich & Payne Price Performance
Shares of HP stock traded down $0.16 during trading hours on Friday, hitting $19.11. The company's stock had a trading volume of 2,133,206 shares, compared to its average volume of 1,550,582. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.60. The business has a fifty day moving average of $22.08 and a 200-day moving average of $28.69. Helmerich & Payne has a twelve month low of $17.60 and a twelve month high of $42.60. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 6.29, a P/E/G ratio of 3.52 and a beta of 0.93.
Helmerich & Payne (NYSE:HP - Get Free Report) last announced its quarterly earnings data 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 11.02% and a return on equity of 11.31%. The firm had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $961.03 million. During the same period in the previous year, the company posted $0.84 EPS. The business's quarterly revenue was up 47.7% on a year-over-year basis. As a group, equities research analysts anticipate that Helmerich & Payne will post 2.93 EPS for the current year.
Helmerich & Payne Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.23%. The ex-dividend date of this dividend is Thursday, May 15th. Helmerich & Payne's dividend payout ratio (DPR) is 45.66%.
Institutional Investors Weigh In On Helmerich & Payne
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kestra Investment Management LLC acquired a new stake in shares of Helmerich & Payne during the fourth quarter valued at about $27,000. Versant Capital Management Inc boosted its holdings in Helmerich & Payne by 104.2% in the first 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 during the last quarter. Covestor Ltd grew its stake 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 valued at $76,000 after purchasing an additional 907 shares in the last quarter. GAMMA Investing LLC grew its stake in Helmerich & Payne by 85.4% during 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 in the last quarter. Finally, Steph & Co. purchased a new stake in Helmerich & Payne during the 4th quarter worth approximately $87,000. Hedge funds and other institutional investors own 96.05% of the company's stock.
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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