Helmerich & Payne - HP Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Helmerich & Payne in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" HP shares.
View HP analyst ratings or view top-rated stocks.

10 equities research analysts have issued twelve-month price objectives for Helmerich & Payne's stock. Their HP share price forecasts range from $38.00 to $72.00. On average, they anticipate the company's stock price to reach $60.91 in the next year. This suggests a possible upside of 72.2% 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 on January 1st, 2023. Since then, HP stock has decreased by 28.6% and is now trading at $35.37.
View the best growth stocks for 2023 here.

Helmerich & Payne saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 5,440,000 shares, an increase of 7.1% from the January 31st total of 5,080,000 shares. Based on an average trading volume of 1,220,000 shares, the short-interest ratio is presently 4.5 days. Currently, 5.4% of the company's shares are short sold.
View Helmerich & Payne's Short Interest.

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

Helmerich & Payne, Inc. (NYSE:HP) announced its quarterly earnings results 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 analysts' expectations of $699.92 million. Helmerich & Payne had a net margin of 6.56% and a trailing twelve-month return on equity of 6.43%. The company's quarterly revenue was up 75.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.45) EPS.

Helmerich & Payne declared a quarterly dividend on Wednesday, March 1st. Investors of record on Thursday, May 18th will be given a dividend of $0.485 per share on Thursday, June 1st. This represents a $1.94 dividend on an annualized basis and a yield of 5.48%. 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), iShares U.S. Oil Equipment & Services ETF (IEZ), VanEck Oil Services ETF (OIH), SPDR S&P Oil & Gas Equipment & Services ETF (XES), Direxion Daily Oil Services Bull 2X Shares (ONG), Opus Small Cap Value Plus ETF (OSCV) and SPDR S&P SmallCap 600 ESG ETF (ESIX).

Helmerich & Payne (NYSE:HP) pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.93%. The dividend payout ratio is 69.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HP will have a dividend payout ratio of 16.29% 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 institutional and retail investors. Top institutional investors include Alliancebernstein L.P. (5.16%), Dimensional Fund Advisors LP (4.50%), Van ECK Associates Corp (2.25%), Geode Capital Management LLC (1.82%), Boston Trust Walden Corp (1.76%) and Morgan Stanley (1.39%). 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.

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.

One share of HP stock can currently be purchased for approximately $35.37.

Helmerich & Payne (NYSE:HP) has a market capitalization of $3.70 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 $1.44 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.