NYSE:HP Helmerich & Payne (HP) Stock Forecast, Price & News $34.86 +2.01 (+6.12%) (As of 06/7/2023 ET) Add Compare Share Share Today's Range$32.86▼$34.9350-Day Range$30.88▼$38.4352-Week Range$30.41▼$54.59Volume1.99 million shsAverage Volume1.51 million shsMarket Capitalization$3.58 billionP/E Ratio11.47Dividend Yield2.87%Price Target$52.90 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Helmerich & Payne MarketRank™ ForecastAnalyst RatingHold2.40 Rating ScoreUpside/Downside51.7% Upside$52.90 Price TargetShort InterestHealthy4.93% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-8.40Upright™ Environmental ScoreNews Sentiment0.38Based on 23 Articles This WeekInsider TradingN/AProj. Earnings Growth-0.48%From $4.16 to $4.14 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.31 out of 5 starsOils/Energy Sector123rd out of 244 stocksDrilling Oil & Gas Wells Industry3rd out of 11 stocks 3.2 Analyst's Opinion Consensus RatingHelmerich & Payne has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 6 buy ratings, 2 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $52.90, Helmerich & Payne has a forecasted upside of 51.7% from its current price of $34.86.Amount of Analyst CoverageHelmerich & Payne has only been the subject of 4 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted4.93% of the float of Helmerich & Payne has been sold short.Short Interest Ratio / Days to CoverHelmerich & Payne has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Helmerich & Payne has recently decreased by 24.85%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldHelmerich & Payne pays a meaningful dividend of 3.06%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthHelmerich & Payne does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Helmerich & Payne is 32.89%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Helmerich & Payne will have a dividend payout ratio of 24.15% next year. This indicates that Helmerich & Payne will be able to sustain or increase its dividend. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreHelmerich & Payne has received a -292.02% net impact score from Upright. The largest negative impact of Helmerich & Payne in category "GHG emissions" is driven by its "Natural gas drilling services" and "Oil drilling services" products. See details.Environmental SustainabilityThe Environmental Impact score for Helmerich & Payne is -8.40. Previous Next 1.9 News and Social Media Coverage News SentimentHelmerich & Payne has a news sentiment score of 0.38. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.61 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 23 news articles for Helmerich & Payne this week, compared to 4 articles on an average week.Search InterestOnly 14 people have searched for HP on MarketBeat in the last 30 days. This is a decrease of -55% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Helmerich & Payne to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Helmerich & Payne insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 4.16% of the stock of Helmerich & Payne is held by insiders.Percentage Held by Institutions92.42% of the stock of Helmerich & Payne is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Helmerich & Payne are expected to decrease by -0.48% in the coming year, from $4.16 to $4.14 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Helmerich & Payne is 11.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.25.Price to Earnings Ratio vs. SectorThe P/E ratio of Helmerich & Payne is 11.47, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 47.10.Price to Book Value per Share RatioHelmerich & Payne has a P/B Ratio of 1.33. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Helmerich & Payne (NYSE:HP) StockFounded 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. Through its subsidiaries, the Company designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world. H&P also develops and implements advanced automation, directional drilling and survey management technologies. H&P’s fleet includes 299 land rigs in the U.S., 31 international land rigs and eight offshore platform rigs.Read More Receive HP Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Helmerich & Payne and its competitors with MarketBeat's FREE daily newsletter. Email Address HP Stock News HeadlinesJune 6, 2023 | finance.yahoo.comHelmerich & Payne (NYSE:HP) shareholders have endured a 35% loss from investing in the stock five years agoJune 6, 2023 | americanbankingnews.comQ3 2024 Earnings Estimate for Helmerich & Payne, Inc. Issued By Zacks Research (NYSE:HP)June 7, 2023 | Behind the Markets (Ad)The single greatest medical breakthrough of all time?We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.June 4, 2023 | fool.comHelmerich & Payne (NYSE: HP)June 4, 2023 | americanbankingnews.comHelmerich & Payne (NYSE:HP) Given New $40.00 Price Target at SusquehannaJune 4, 2023 | americanbankingnews.comZacks Research Comments on Helmerich & Payne, Inc.'s Q3 2023 Earnings (NYSE:HP)June 3, 2023 | americanbankingnews.comHelmerich & Payne, Inc. Expected to Earn Q3 2023 Earnings of $0.87 Per Share (NYSE:HP)June 2, 2023 | americanbankingnews.comQ4 2023 EPS Estimates for Helmerich & Payne, Inc. Cut by Zacks Research (NYSE:HP)June 7, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.May 26, 2023 | finance.yahoo.comWhy Is Helmerich & Payne (HP) Down 1.6% Since Last Earnings Report?May 23, 2023 | americanbankingnews.comHelmerich & Payne (NYSE:HP) Earns Maintains Rating from VNET GroupMay 22, 2023 | americanbankingnews.comHelmerich & Payne (NYSE:HP) PT Lowered to $33.00 at CitigroupMay 19, 2023 | americanbankingnews.comHelmerich & Payne (NYSE:HP) Downgraded to Hold at StockNews.comMay 16, 2023 | americanbankingnews.comQ4 2024 Earnings Forecast for Helmerich & Payne, Inc. Issued By Zacks Research (NYSE:HP)May 14, 2023 | americanbankingnews.comHelmerich & Payne, Inc. (NYSE:HP) Given Consensus Rating of "Hold" by BrokeragesMay 10, 2023 | finance.yahoo.comWe Like These Underlying Return On Capital Trends At Helmerich & Payne (NYSE:HP)May 9, 2023 | markets.businessinsider.com8 Analysts Have This to Say About Helmerich & PayneMay 9, 2023 | americanbankingnews.comHelmerich & Payne (NYSE:HP) PT Lowered to $52.00May 8, 2023 | msn.comHelmerich & Payne: A Weakening Outlook Could Hurt The Stock PriceMay 3, 2023 | finance.yahoo.comHelmerich & Payne's (HP) Q2 Earnings & Sales Beat EstimatesMay 3, 2023 | americanbankingnews.comHelmerich & Payne (NYSE:HP) Shares Gap Down on Analyst DowngradeMay 2, 2023 | americanbankingnews.comPiper Sandler Lowers Helmerich & Payne (NYSE:HP) Price Target to $50.00May 1, 2023 | americanbankingnews.comHelmerich & Payne (NYSE:HP) Upgraded to "Buy" by StockNews.comApril 27, 2023 | markets.businessinsider.comBarclays Reaffirms Their Buy Rating on Helmerich & Payne (HP)April 26, 2023 | finance.yahoo.comHere's What Key Metrics Tell Us About Helmerich & Payne (HP) Q2 EarningsApril 26, 2023 | seekingalpha.comHelmerich & Payne: Good Industry Positioning And Returning Value To ShareholdersApril 26, 2023 | finance.yahoo.comHelmerich & Payne, Inc. Announces Fiscal Second Quarter ResultsSee More Headlines HP Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart HP Company Calendar Last Earnings1/31/2023Ex-Dividend for 6/1 Dividend5/17/2023Dividend Payable6/01/2023Today6/07/2023Next Earnings (Estimated)7/26/2023Fiscal Year End9/30/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Drilling oil & gas wells Sub-IndustryOil & Gas Drilling SectorOils/Energy Current SymbolNYSE:HP CUSIP42345210 CIK46765 Webwww.hpinc.com Phone918-742-5531Fax918-742-0237Employees7,000Year Founded1920Price Target and Rating Average Stock Price Forecast$52.90 High Stock Price Forecast$71.00 Low Stock Price Forecast$33.00 Forecasted Upside/Downside+51.9%Consensus RatingHold Rating Score (0-4)2.40 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)$3.04 Trailing P/E Ratio11.45 Forward P/E Ratio8.37 P/E GrowthN/ANet Income$6.95 million Net Margins12.15% Pretax Margin16.31% Return on Equity11.93% Return on Assets7.52% Debt Debt-to-Equity Ratio0.20 Current Ratio2.43 Quick Ratio2.19 Sales & Book Value Annual Sales$2.06 billion Price / Sales1.73 Cash Flow$4.21 per share Price / Cash Flow8.27 Book Value$26.26 per share Price / Book1.33Miscellaneous Outstanding Shares102,580,000Free Float98,317,000Market Cap$3.57 billion OptionableOptionable Beta1.66 Social Links Key ExecutivesMr. John W. Lindsay (Age 58)Pres, CEO & Director Mr. Mark W. Smith CPA (Age 48)VP, CFO, Treasurer & Director Ms. Cara M. Hair (Age 43)VP of Corp. Services, Chief Legal & Compliance Officer Mr. Robert L. Stauder (Age 56)Sr. VP & Chief Engineer of Helmerich & Payne International Drilling Co Mr. Dave WilsonDirector of Investor RelationsKey CompetitorsPatterson-UTI EnergyNASDAQ:PTENNabors IndustriesNYSE:NBRValarisNYSE:VALTransoceanNYSE:RIGHighPeak EnergyNASDAQ:HPKView All CompetitorsInsiders & InstitutionsProShare Advisors LLCSold 1,348 shares on 5/26/2023Ownership: 0.015%Ameriprise Financial Inc.Sold 55,594 shares on 5/22/2023Ownership: 0.895%JPMorgan Chase & Co.Bought 186,122 shares on 5/18/2023Ownership: 0.511%Thrivent Financial for LutheransSold 176,549 shares on 5/17/2023Ownership: 0.363%B. Riley Wealth Advisors Inc.Bought 5,819 shares on 5/17/2023Ownership: 0.006%View All Insider TransactionsView All Institutional Transactions HP Stock - Frequently Asked Questions Should I buy or sell Helmerich & Payne stock right now? 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. View HP analyst ratings or view top-rated stocks. What is Helmerich & Payne's stock price forecast for 2023? 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. How have HP shares performed in 2023? 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. View the best growth stocks for 2023 here. Are investors shorting Helmerich & Payne? 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. When is Helmerich & Payne's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023. View our HP earnings forecast. How were Helmerich & Payne's earnings last quarter? 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. How often does Helmerich & Payne pay dividends? What is the dividend yield for Helmerich & Payne? 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. What ETFs hold Helmerich & Payne's stock? 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). Is Helmerich & Payne a good dividend stock? 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. What is John Lindsay's approval rating as Helmerich & Payne's CEO? 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. What other stocks do shareholders of Helmerich & Payne own? 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). What is Helmerich & Payne's stock symbol? Helmerich & Payne trades on the New York Stock Exchange (NYSE) under the ticker symbol "HP." Who are Helmerich & Payne's major shareholders? 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. View institutional ownership trends. How do I buy shares of Helmerich & Payne? 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. Compare Top Brokerages Here. What is Helmerich & Payne's stock price today? One share of HP stock can currently be purchased for approximately $34.82. How much money does Helmerich & Payne make? 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. How many employees does Helmerich & Payne have? The company employs 7,000 workers across the globe. How can I contact Helmerich & Payne? 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. This page (NYSE:HP) was last updated on 6/7/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Helmerich & Payne, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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