Helmerich & Payne, Inc. (NYSE:HP - Get Free Report) shot up 7.4% during mid-day trading on Tuesday . The company traded as high as $17.30 and last traded at $17.24. 736,697 shares were traded during mid-day trading, a decline of 62% from the average session volume of 1,937,573 shares. The stock had previously closed at $16.05.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on HP shares. TD Cowen dropped their price objective on Helmerich & Payne from $28.00 to $26.00 and set a "hold" rating on the stock in a report on Friday, May 9th. The Goldman Sachs Group reduced their price objective on Helmerich & Payne from $25.00 to $17.00 and set a "sell" rating for the company in a research report on Tuesday, June 24th. JPMorgan Chase & Co. reduced their price objective on Helmerich & Payne from $25.00 to $17.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Wall Street Zen cut Helmerich & Payne from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, Morgan Stanley dropped their price objective on shares of Helmerich & Payne from $27.00 to $20.00 and set an "underweight" rating for the company in a report on Friday, May 16th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $26.09.
Read Our Latest Research Report on Helmerich & Payne
Helmerich & Payne Stock Performance
The stock has a 50-day moving average of $17.12 and a 200 day moving average of $23.74. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.68 and a quick ratio of 1.32. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 7.89 and a beta of 0.82.
Helmerich & Payne (NYSE:HP - Get Free Report) last posted its earnings results 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). The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $961.03 million. Helmerich & Payne had a return on equity of 8.25% and a net margin of 7.15%. Helmerich & Payne's quarterly revenue was up 47.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.84 earnings per share. On average, analysts expect that Helmerich & Payne, Inc. will post 2.93 EPS for the current year.
Helmerich & Payne Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.79%. The ex-dividend date is Friday, August 15th. Helmerich & Payne's dividend payout ratio (DPR) is presently 45.66%.
Institutional Investors Weigh In On Helmerich & Payne
Several institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc raised its stake in Helmerich & Payne by 104.2% in the 1st 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 period. Covestor Ltd grew its holdings in shares of Helmerich & Payne by 61.3% during the 4th quarter. Covestor Ltd now owns 2,386 shares of the oil and gas company's stock worth $76,000 after purchasing an additional 907 shares in the last quarter. Sterling Capital Management LLC boosted its stake in Helmerich & Payne by 817.5% in the fourth quarter. Sterling Capital Management LLC now owns 3,046 shares of the oil and gas company's stock valued at $98,000 after buying an additional 2,714 shares in the last quarter. Quarry LP acquired a new stake in Helmerich & Payne in the first quarter valued at about $81,000. Finally, GAMMA Investing LLC boosted its stake 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 valued at $83,000 after buying an additional 1,459 shares in the last quarter. Institutional investors own 96.05% of the company's stock.
Helmerich & Payne Company Profile
(
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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