Helmerich & Payne (HP) Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Helmerich & Payne in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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 analysts have issued 1 year price objectives for Helmerich & Payne's stock. Their HP share price forecasts range from $33.00 to $71.00. On average, they predict the company's share price to reach $52.90 in the next year. This suggests a possible upside of 51.9% from the stock's current price.
View analysts price targets for HP or view top-rated stocks among Wall Street analysts.

Helmerich & Payne's stock was trading at $49.57 at the start of the year. Since then, HP stock has decreased by 29.8% and is now trading at $34.82.
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Helmerich & Payne saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 4,870,000 shares, a drop of 24.8% from the April 30th total of 6,480,000 shares. Based on an average daily trading volume, of 1,620,000 shares, the days-to-cover ratio is currently 3.0 days. Currently, 4.9% of the shares of the company are sold short.
View Helmerich & Payne's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our HP earnings forecast.

Helmerich & Payne, Inc. (NYSE:HP) posted its quarterly earnings data on Tuesday, January, 31st. The oil and gas company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.30. The oil and gas company earned $719.60 million during the quarter, compared to analyst estimates of $699.92 million. Helmerich & Payne had a trailing twelve-month return on equity of 11.93% and a net margin of 12.15%. Helmerich & Payne's revenue was up 75.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.45) earnings per share.

Helmerich & Payne declared a quarterly dividend on Wednesday, March 1st. Investors of record on Thursday, May 18th will be paid a dividend of $0.485 per share on Thursday, June 1st. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.57%. The ex-dividend date is Wednesday, May 17th.
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), Invesco Dynamic Oil & Gas Services ETF (PXJ), SPDR S&P Oil & Gas Equipment & Services ETF (XES), VanEck Oil Services ETF (OIH), iShares U.S. Oil Equipment & Services ETF (IEZ), Direxion Daily Oil Services Bull 2X Shares (ONG), Invesco S&P SmallCap Momentum ETF (XSMO) and Opus Small Cap Value Plus ETF (OSCV).

Helmerich & Payne (NYSE:HP) pays an annual dividend of $1.00 per share and currently has a dividend yield of 3.06%. The dividend payout ratio is 32.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HP will have a dividend payout ratio of 24.15% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HP.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "HP."

Helmerich & Payne's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (17.46%), Dimensional Fund Advisors LP (4.86%), State Street Corp (4.23%), Van ECK Associates Corp (2.45%), Boston Trust Walden Corp (2.04%) and Geode Capital Management LLC (1.93%). 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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One share of HP stock can currently be purchased for approximately $34.82.

Helmerich & Payne (NYSE:HP) has a market capitalization of $3.57 billion and generates $2.06 billion in revenue each year. The oil and gas company earns $6.95 million in net income (profit) each year or $3.04 on an earnings per share basis.

The company employs 7,000 workers across the globe.

Helmerich & Payne's mailing address is 1437 SOUTH BOULDER AVENUE SUITE 1400, TULSA OK, 74119. The official website for the company is www.hpinc.com. The oil and gas company can be reached via phone at 918-742-5531, via email at investor.relations@hpinc.com, or via fax at 918-742-0237.