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.
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10 brokers have issued 1 year target prices for Helmerich & Payne's stock. Their HP share price forecasts range from $38.00 to $72.00. On average, they expect the company's share price to reach $60.91 in the next twelve months. This suggests a possible upside of 65.6% from the stock's current price.
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Helmerich & Payne's stock was trading at $49.57 at the beginning of 2023. Since then, HP shares have decreased by 25.8% and is now trading at $36.78.
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Helmerich & Payne saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 5,870,000 shares, an increase of 11.0% from the February 28th total of 5,290,000 shares. Based on an average daily volume of 1,380,000 shares, the days-to-cover ratio is presently 4.3 days. Currently, 5.8% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
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Helmerich & Payne, Inc. (NYSE:HP) announced its earnings results on Tuesday, January, 31st. The oil and gas company reported $1.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.30. The oil and gas company had revenue of $719.60 million for the quarter, compared to analysts' expectations of $699.92 million. Helmerich & Payne had a trailing twelve-month return on equity of 6.43% and a net margin of 6.56%. Helmerich & Payne's revenue was up 75.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.45) EPS.

Helmerich & Payne declared a quarterly dividend on Wednesday, March 1st. Stockholders 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 annualized dividend and a dividend yield of 5.27%. 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 2.96%. 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 variety of retail and institutional 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.
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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 $36.78.

Helmerich & Payne (NYSE:HP) has a market capitalization of $3.84 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.