Helmerich & Payne (NYSE:HP - Get Free Report) had its price objective lifted by analysts at Royal Bank Of Canada from $23.00 to $24.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a "sector perform" rating on the oil and gas company's stock. Royal Bank Of Canada's price objective would indicate a potential upside of 39.02% from the company's current price.
Other research analysts have also issued research reports about the company. Susquehanna reduced their price objective on Helmerich & Payne from $24.00 to $23.00 and set a "positive" rating for the company in a research report on Tuesday, July 1st. The Goldman Sachs Group reduced their target price on shares of Helmerich & Payne from $25.00 to $17.00 and set a "sell" rating for the company in a report on Tuesday, June 24th. TD Cowen reduced their target price 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. Piper Sandler initiated coverage on Helmerich & Payne in a research note on Monday, July 14th. They set a "neutral" rating and a $20.00 target price on the stock. Finally, Citigroup restated a "neutral" rating and set a $17.00 price objective (down previously from $19.00) on shares of Helmerich & Payne in a research report on Thursday, June 26th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $22.00.
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Helmerich & Payne Price Performance
HP stock traded up $1.28 during mid-day trading on Friday, reaching $17.26. 2,034,003 shares of the company traded hands, compared to its average volume of 1,974,924. The company has a fifty day moving average price of $16.54 and a 200-day moving average price of $21.23. The company has a market capitalization of $1.72 billion, a P/E ratio of -52.07 and a beta of 0.87. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.68 and a quick ratio of 1.32. Helmerich & Payne has a 52-week low of $14.65 and a 52-week high of $37.46.
Helmerich & Payne (NYSE:HP - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.20 by $0.02. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1 billion. Helmerich & Payne had a positive return on equity of 5.76% and a negative net margin of 0.90%. The company's revenue was up 49.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.92 EPS. As a group, analysts anticipate that Helmerich & Payne will post 2.93 earnings per share for the current year.
Hedge Funds Weigh In On Helmerich & Payne
A number of institutional investors have recently modified their holdings of HP. Summit Investment Advisors Inc. raised its stake in Helmerich & Payne by 4.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 10,113 shares of the oil and gas company's stock valued at $324,000 after purchasing an additional 395 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Helmerich & Payne by 1.9% in the 4th quarter. LPL Financial LLC now owns 21,763 shares of the oil and gas company's stock worth $697,000 after acquiring an additional 408 shares during the last quarter. Ellis Investment Partners LLC raised its holdings in shares of Helmerich & Payne by 4.5% in the 1st quarter. Ellis Investment Partners LLC now owns 12,999 shares of the oil and gas company's stock valued at $340,000 after buying an additional 558 shares during the period. Ridgewood Investments LLC raised its holdings in Helmerich & Payne by 4.4% during the first quarter. Ridgewood Investments LLC now owns 13,385 shares of the oil and gas company's stock worth $350,000 after purchasing an additional 569 shares in the last quarter. Finally, Xponance Inc. increased its holdings in shares of Helmerich & Payne by 7.6% in the 1st quarter. Xponance Inc. now owns 8,294 shares of the oil and gas company's stock valued at $217,000 after acquiring an additional 587 shares during the period. Hedge funds and other institutional investors own 96.05% of the company's stock.
About Helmerich & Payne
(
Get 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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