Helmerich & Payne (NYSE:HP) PT Raised to $52.00 at Susquehanna

Helmerich & Payne (NYSE:HP - Get Free Report) had its price target lifted by equities research analysts at Susquehanna from $50.00 to $52.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a "positive" rating on the oil and gas company's stock. Susquehanna's price objective indicates a potential upside of 20.20% from the company's previous close.

Other research analysts also recently issued reports about the company. Benchmark downgraded Helmerich & Payne from a "buy" rating to a "hold" rating in a research report on Tuesday, January 16th. Piper Sandler upped their price objective on Helmerich & Payne from $41.00 to $44.00 and gave the stock a "neutral" rating in a report on Tuesday, February 20th. Barclays cut shares of Helmerich & Payne from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $44.00 to $40.00 in a research report on Wednesday, January 10th. Royal Bank of Canada upped their price objective on shares of Helmerich & Payne from $46.00 to $48.00 and gave the company a "sector perform" rating in a research report on Wednesday, January 31st. Finally, The Goldman Sachs Group decreased their price objective on shares of Helmerich & Payne from $37.00 to $33.00 and set a "sell" rating for the company in a research report on Friday, January 12th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Helmerich & Payne currently has an average rating of "Hold" and a consensus target price of $42.88.

Helmerich & Payne Trading Down 1.4 %

Shares of HP traded down $0.63 during midday trading on Monday, hitting $43.26. 1,274,679 shares of the stock were exchanged, compared to its average volume of 1,333,421. The firm has a market cap of $4.28 billion, a P/E ratio of 10.32, a P/E/G ratio of 9.42 and a beta of 1.51. The stock has a fifty day simple moving average of $39.85 and a 200 day simple moving average of $38.64. Helmerich & Payne has a 52-week low of $30.41 and a 52-week high of $46.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.89 and a current ratio of 2.11.

Helmerich & Payne (NYSE:HP - Get Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The oil and gas company reported $0.97 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.24. Helmerich & Payne had a return on equity of 15.06% and a net margin of 15.27%. The company had revenue of $677.00 million for the quarter, compared to analysts' expectations of $661.81 million. During the same period last year, the firm earned $1.11 earnings per share. Helmerich & Payne's quarterly revenue was down 6.0% on a year-over-year basis. On average, research analysts anticipate that Helmerich & Payne will post 3.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Helmerich & Payne

Several large investors have recently modified their holdings of HP. Rockefeller Capital Management L.P. boosted its position in Helmerich & Payne by 221.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 533 shares of the oil and gas company's stock valued at $26,000 after purchasing an additional 367 shares during the last quarter. Principal Securities Inc. acquired a new position in Helmerich & Payne during the fourth quarter valued at approximately $35,000. Quarry LP acquired a new position in Helmerich & Payne during the first quarter valued at approximately $43,000. Coppell Advisory Solutions Corp. acquired a new position in Helmerich & Payne during the fourth quarter valued at approximately $45,000. Finally, Steward Partners Investment Advisory LLC boosted its position in Helmerich & Payne by 689.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,145 shares of the oil and gas company's stock valued at $57,000 after purchasing an additional 1,000 shares during the last quarter. 96.05% of the stock is currently owned by institutional investors.

About Helmerich & Payne

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.