Helmerich & Payne Stock Price, News & Analysis (NYSE:HP)

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Helmerich & Payne in the last twelve months. There are currently 2 sell ratings, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" HP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HP, but not buy additional shares or sell existing shares.
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10 brokers have issued 1 year price objectives for Helmerich & Payne's shares. Their HP share price targets range from $37.00 to $47.00. On average, they predict the company's share price to reach $42.38 in the next twelve months. This suggests a possible upside of 16.5% from the stock's current price.
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Helmerich & Payne's stock was trading at $49.57 at the beginning of the year. Since then, HP shares have decreased by 26.6% and is now trading at $36.37.
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Helmerich & Payne saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 6,750,000 shares, an increase of 19.9% from the October 31st total of 5,630,000 shares. Based on an average trading volume of 1,270,000 shares, the days-to-cover ratio is presently 5.3 days. Currently, 7.1% of the company's stock are sold short.
View Helmerich & Payne's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, January 29th 2024.
View our HP earnings forecast.

Helmerich & Payne, Inc. (NYSE:HP) released its earnings results on Thursday, November, 9th. The oil and gas company reported $0.69 earnings per share for the quarter, missing analysts' consensus estimates of $0.72 by $0.03. The oil and gas company earned $659.61 million during the quarter, compared to analysts' expectations of $662.17 million. Helmerich & Payne had a trailing twelve-month return on equity of 15.76% and a net margin of 15.11%. The firm's revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.45 earnings per share.

Helmerich & Payne announced a quarterly dividend on Tuesday, October 17th. Stockholders of record on Monday, November 20th will be given a dividend of $0.25 per share on Monday, December 4th. This represents a $1.00 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Friday, November 17th.
Read our dividend analysis for HP.

Helmerich & Payne (NYSE:HP) pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.71%. The dividend payout ratio is 24.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HP will have a dividend payout ratio of 28.49% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HP.

ETFs with the largest weight of Helmerich & Payne (NYSE:HP) stock in their portfolio include Invesco S&P SmallCap Energy ETF (PSCE), SPDR S&P Oil & Gas Equipment & Services ETF (XES), VanEck Oil Services ETF (OIH), iShares U.S. Oil Equipment & Services ETF (IEZ), Invesco Oil & Gas Services ETF (PXJ), Direxion Daily Oil Services Bull 2X Shares (ONG), Invesco S&P SmallCap Momentum ETF (XSMO) and Opus Small Cap Value Plus ETF (OSCV).

97 employees have rated Helmerich & Payne Chief Executive Officer John Lindsay on Glassdoor.com. John Lindsay has an approval rating of 92% among the company's employees. This puts John Lindsay in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Helmerich & Payne investors own include AT&T (T), CA (CA), Exxon Mobil (XOM), Johnson & Johnson (JNJ), Pfizer (PFE), Verizon Communications (VZ), Boeing (BA), Intel (INTC), Cisco Systems (CSCO) and Gilead Sciences (GILD).

Helmerich & Payne's stock is owned by many different retail and institutional investors. Top institutional investors include Earnest Partners LLC (2.95%), Victory Capital Management Inc. (2.43%), Boston Trust Walden Corp (2.19%), Invesco Ltd. (1.98%), Van ECK Associates Corp (1.92%) and Northern Trust Corp (1.79%). Insiders that own company stock include Hans Helmerich, John R Bell, John W Lindsay, Michael Lennox, Raymond John Adams III, Sara Marie Momper and Todd Willard Benson.
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Shares of HP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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