Helmerich & Payne (NYSE:HP - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Thursday.
Other research analysts have also issued reports about the company. TD Cowen lowered their price target on Helmerich & Payne from $28.00 to $26.00 and set a "hold" rating on the stock in a report on Friday, May 9th. Royal Bank of Canada decreased their target price on Helmerich & Payne from $41.00 to $35.00 and set a "sector perform" rating for the company in a research note on Friday, February 7th. The Goldman Sachs Group decreased their target price on Helmerich & Payne from $32.00 to $25.00 and set a "sell" rating for the company in a research note on Thursday, April 10th. Barclays decreased their target price on Helmerich & Payne from $24.00 to $20.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 14th. Finally, Morgan Stanley decreased their target price on Helmerich & Payne from $27.00 to $20.00 and set an "underweight" rating for the company in a research note on Friday, May 16th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $28.80.
Check Out Our Latest Research Report on HP
Helmerich & Payne Stock Performance
Shares of HP traded down $0.13 during trading hours on Thursday, reaching $15.49. 2,405,201 shares of the company's stock traded hands, compared to its average volume of 1,613,785. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 5.10, a P/E/G ratio of 3.52 and a beta of 0.93. 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 business's fifty day simple moving average is $20.58 and its two-hundred day simple moving average is $27.66.
Helmerich & Payne (NYSE:HP - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.65 by ($0.63). The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $961.03 million. Helmerich & Payne had a net margin of 11.02% and a return on equity of 11.31%. Helmerich & Payne's revenue for the quarter was up 47.7% on a year-over-year basis. During the same period last year, the business posted $0.84 earnings per share. Analysts predict that Helmerich & Payne will post 2.93 earnings per share for the current year.
Hedge Funds Weigh In On Helmerich & Payne
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its position in shares of Helmerich & Payne by 1.3% in the 1st 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 purchasing an additional 71,168 shares during the period. Victory Capital Management Inc. boosted its position in shares of Helmerich & Payne by 28.4% in the 1st quarter. Victory Capital Management Inc. now owns 3,553,181 shares of the oil and gas company's stock valued at $92,809,000 after purchasing an additional 786,250 shares during the period. Earnest Partners LLC boosted its position in shares of Helmerich & Payne by 1.0% in the 4th 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 period. American Century Companies Inc. boosted its position in shares of 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 during the period. Finally, Invesco Ltd. boosted its position in 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 acquiring an additional 535,808 shares during the period. Institutional investors and hedge funds 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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