Helmerich & Payne, Inc. (NYSE:HP - Get Free Report)'s stock price fell 4.1% on Wednesday . The company traded as low as $16.13 and last traded at $16.17. 453,086 shares were traded during trading, a decline of 72% from the average session volume of 1,640,260 shares. The stock had previously closed at $16.86.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on HP shares. TD Cowen dropped their price objective on shares of Helmerich & Payne from $28.00 to $26.00 and set a "hold" rating on the stock in a research note on Friday, May 9th. Susquehanna dropped their price target on Helmerich & Payne from $43.00 to $28.00 and set a "positive" rating on the stock in a research report on Monday, April 14th. The Goldman Sachs Group reduced their price objective 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. Argus raised Helmerich & Payne to a "hold" rating in a research report on Tuesday, February 11th. Finally, Morgan Stanley dropped their target price on Helmerich & Payne from $27.00 to $20.00 and set an "underweight" rating on the stock in a report on Friday, May 16th. 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. Based on data from MarketBeat, Helmerich & Payne presently has an average rating of "Hold" and an average target price of $27.73.
Check Out Our Latest Analysis on HP
Helmerich & Payne Price Performance
The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.52 and a current ratio of 2.81. The stock's fifty day moving average price is $18.82 and its 200-day moving average price is $26.50. The firm has a market cap of $1.67 billion, a PE ratio of 5.51, a P/E/G ratio of 3.52 and a beta of 0.83.
Helmerich & Payne (NYSE:HP - Get Free Report) last issued its earnings results 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). Helmerich & Payne had a return on equity of 11.31% and a net margin of 11.02%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $961.03 million. During the same quarter in the previous year, the company posted $0.84 earnings per share. The company's quarterly revenue was up 47.7% compared to the same quarter last year. As a group, equities analysts forecast that Helmerich & Payne, Inc. will post 2.93 EPS for the current fiscal year.
Helmerich & Payne Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.97%. The ex-dividend date is Friday, August 15th. Helmerich & Payne's payout ratio is currently 45.66%.
Institutional Trading of Helmerich & Payne
A number of institutional investors have recently bought and sold shares of the company. Intech Investment Management LLC increased its position in shares of Helmerich & Payne by 32.1% in the first quarter. Intech Investment Management LLC now owns 90,428 shares of the oil and gas company's stock valued at $2,362,000 after buying an additional 21,958 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Helmerich & Payne by 34.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 213,445 shares of the oil and gas company's stock valued at $5,575,000 after acquiring an additional 54,758 shares during the last quarter. Empowered Funds LLC increased its holdings in Helmerich & Payne by 9.9% during the 1st quarter. Empowered Funds LLC now owns 9,459 shares of the oil and gas company's stock valued at $247,000 after acquiring an additional 852 shares in the last quarter. Caxton Associates LLP purchased a new position in Helmerich & Payne during the 1st quarter valued at about $665,000. Finally, Petrus Trust Company LTA acquired a new position in Helmerich & Payne during the first quarter worth about $468,000. 96.05% of the stock is currently owned by hedge funds and other institutional investors.
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.
Featured Articles
Before you consider Helmerich & Payne, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Helmerich & Payne wasn't on the list.
While Helmerich & Payne currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
