Helmerich & Payne, Inc. (NYSE:HP - Get Free Report) shares traded up 7.4% during mid-day trading on Tuesday . The stock traded as high as $17.30 and last traded at $17.24. 736,697 shares traded hands during trading, a decline of 62% from the average session volume of 1,937,573 shares. The stock had previously closed at $16.05.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on HP shares. Susquehanna lowered their target price on Helmerich & Payne from $24.00 to $23.00 and set a "positive" rating for the company in a report on Tuesday, July 1st. TD Cowen reduced their target price on shares of Helmerich & Payne from $28.00 to $26.00 and set a "hold" rating on the stock in a report on Friday, May 9th. Wall Street Zen cut shares of Helmerich & Payne from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. cut their price objective on Helmerich & Payne from $25.00 to $17.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. Finally, The Goldman Sachs Group reduced their price objective on Helmerich & Payne from $25.00 to $17.00 and set a "sell" rating on the stock in a research note on Tuesday, June 24th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $26.09.
Read Our Latest Report on HP
Helmerich & Payne Stock Down 0.1%
The firm's fifty day simple moving average is $17.03 and its 200-day simple moving average is $23.60. The company has a market cap of $1.71 billion, a PE ratio of 7.85 and a beta of 0.82. The company has a quick ratio of 1.32, a current ratio of 1.68 and a debt-to-equity ratio of 0.73.
Helmerich & Payne (NYSE:HP - Get Free Report) last announced its 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 company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $961.03 million. Helmerich & Payne had a net margin of 7.15% and a return on equity of 8.25%. Helmerich & Payne's quarterly revenue was up 47.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.84 EPS. As a group, equities research analysts expect that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current fiscal year.
Helmerich & Payne Announces Dividend
The business 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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.81%. The ex-dividend date is Friday, August 15th. Helmerich & Payne's payout ratio is currently 45.66%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in HP. Summit Investment Advisors Inc. grew its holdings in shares of Helmerich & Payne by 4.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 10,113 shares of the oil and gas company's stock worth $324,000 after buying an additional 395 shares in the last quarter. LPL Financial LLC boosted its position in Helmerich & Payne by 1.9% during the fourth 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. Napatree Capital LLC grew its stake in Helmerich & Payne by 2.5% in the 4th quarter. Napatree Capital LLC now owns 20,847 shares of the oil and gas company's stock worth $668,000 after acquiring an additional 511 shares during the period. Ellis Investment Partners LLC grew its stake in 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 worth $340,000 after acquiring an additional 558 shares during the period. Finally, Ridgewood Investments LLC raised its holdings in Helmerich & Payne by 4.4% in the 1st quarter. Ridgewood Investments LLC now owns 13,385 shares of the oil and gas company's stock valued at $350,000 after acquiring an additional 569 shares during the last quarter. 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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