Helmerich & Payne (NYSE:HP) Rating Lowered to "Sell" at Wall Street Zen

Helmerich & Payne (NYSE:HP - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Thursday.

Several other analysts have also recently weighed in on the stock. Susquehanna dropped their price objective on shares of Helmerich & Payne from $43.00 to $28.00 and set a "positive" rating for the company in a research note on Monday, April 14th. The Goldman Sachs Group decreased their target price on shares of Helmerich & Payne from $32.00 to $25.00 and set a "sell" rating on the stock in a research report on Thursday, April 10th. TD Cowen dropped their price target on shares of Helmerich & Payne from $28.00 to $26.00 and set a "hold" rating for the company in a research report on Friday, May 9th. Citigroup reiterated a "neutral" rating and issued a $19.00 price target (down from $25.00) on shares of Helmerich & Payne in a research note on Monday, May 19th. Finally, Argus upgraded Helmerich & Payne to a "hold" rating in a research note on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Helmerich & Payne presently has an average rating of "Hold" and an average target price of $28.80.

Helmerich & Payne Stock Performance

Shares of HP stock traded up $0.06 during midday trading on Thursday, hitting $15.52. 915,344 shares of the company were exchanged, compared to its average volume of 1,811,417. Helmerich & Payne has a 52 week low of $14.65 and a 52 week high of $42.60. The firm has a market capitalization of $1.54 billion, a P/E ratio of 5.10, a PEG ratio of 3.52 and a beta of 0.93. The firm's 50 day moving average price is $20.38 and its two-hundred day moving average price is $27.46. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.52 and a current ratio of 2.81.

Helmerich & Payne (NYSE:HP - Get Free Report) last announced its earnings results on Wednesday, May 7th. The oil and gas company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.65 by ($0.63). The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $961.03 million. Helmerich & Payne had a return on equity of 11.31% and a net margin of 11.02%. Helmerich & Payne's revenue for the quarter was up 47.7% on a year-over-year basis. During the same quarter last year, the business posted $0.84 EPS. As a group, equities research analysts anticipate that Helmerich & Payne will post 2.93 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Kestra Investment Management LLC purchased a new stake in Helmerich & Payne in the 4th quarter valued at about $27,000. Versant Capital Management Inc increased its position in shares of Helmerich & Payne by 104.2% during 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 acquiring an additional 867 shares during the last quarter. Covestor Ltd increased its position in shares of Helmerich & Payne by 61.3% during the fourth quarter. Covestor Ltd now owns 2,386 shares of the oil and gas company's stock valued at $76,000 after acquiring an additional 907 shares during the last quarter. Quarry LP bought a new stake in Helmerich & Payne during the first quarter worth $81,000. Finally, GAMMA Investing LLC boosted its position in Helmerich & Payne by 85.4% in the first quarter. GAMMA Investing LLC now owns 3,167 shares of the oil and gas company's stock worth $83,000 after purchasing an additional 1,459 shares during the last quarter. 96.05% of the stock is owned by institutional investors.

Helmerich & Payne Company Profile

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.