Helmerich & Payne (NYSE:HP - Free Report) had its target price decreased by Susquehanna from $52.00 to $50.00 in a research note issued to investors on Friday, Benzinga reports. Susquehanna currently has a positive rating on the oil and gas company's stock.
Other equities analysts have also recently issued research reports about the stock. Benchmark reaffirmed a hold rating on shares of Helmerich & Payne in a research note on Thursday. Barclays cut shares of Helmerich & Payne from an overweight rating to an equal weight rating and decreased their target price for the stock from $44.00 to $40.00 in a report on Wednesday, January 10th. Royal Bank of Canada raised their target price on shares of Helmerich & Payne from $46.00 to $48.00 and gave the stock a sector perform rating in a report on Wednesday, January 31st. Piper Sandler raised their target price on shares of Helmerich & Payne from $41.00 to $44.00 and gave the stock a neutral rating in a report on Tuesday, February 20th. Finally, Citigroup raised their target price on shares of Helmerich & Payne from $40.00 to $42.00 and gave the stock a neutral rating in a report on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $42.63.
Read Our Latest Stock Report on HP
Helmerich & Payne Price Performance
Helmerich & Payne stock traded down $0.03 during trading hours on Friday, hitting $40.41. 1,246,526 shares of the company traded hands, compared to its average volume of 1,317,546. The firm has a market cap of $3.99 billion, a P/E ratio of 11.55, a P/E/G ratio of 2.03 and a beta of 1.51. The company has a quick ratio of 1.89, a current ratio of 2.11 and a debt-to-equity ratio of 0.20. The firm's 50-day simple moving average is $40.75 and its two-hundred day simple moving average is $38.71. Helmerich & Payne has a 1-year low of $30.41 and a 1-year high of $46.55.
Helmerich & Payne (NYSE:HP - Get Free Report) last released its earnings results on Tuesday, January 30th. The oil and gas company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.73 by $0.24. The firm had revenue of $677.00 million for the quarter, compared to analysts' expectations of $661.81 million. Helmerich & Payne had a net margin of 12.84% and a return on equity of 13.28%. Helmerich & Payne's quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the company earned $1.11 EPS. As a group, analysts forecast that Helmerich & Payne will post 3.59 earnings per share for the current fiscal year.
Helmerich & Payne Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend is Thursday, May 16th. Helmerich & Payne's dividend payout ratio is currently 28.57%.
Institutional Trading of Helmerich & Payne
Institutional investors have recently added to or reduced their stakes in the business. Principal Securities Inc. acquired a new stake in Helmerich & Payne in the fourth quarter valued at approximately $35,000. Hexagon Capital Partners LLC raised its position in shares of Helmerich & Payne by 514.4% in the first quarter. Hexagon Capital Partners LLC now owns 940 shares of the oil and gas company's stock valued at $40,000 after purchasing an additional 787 shares during the period. Creekmur Asset Management LLC bought a new position in shares of Helmerich & Payne in the fourth quarter valued at approximately $60,000. Lindbrook Capital LLC raised its position in shares of Helmerich & Payne by 26.4% in the first quarter. Lindbrook Capital LLC now owns 1,698 shares of the oil and gas company's stock valued at $71,000 after purchasing an additional 355 shares during the period. Finally, GAMMA Investing LLC bought a new position in shares of Helmerich & Payne in the fourth quarter valued at approximately $73,000. 96.05% of the stock is currently owned by institutional investors and hedge funds.
Helmerich & Payne Company Profile
(
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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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