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 1 sell rating, 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" HP shares.
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10 brokers have issued 12-month price objectives for Helmerich & Payne's stock. Their HP share price forecasts range from $38.00 to $71.00. On average, they expect the company's share price to reach $60.55 in the next year. This suggests a possible upside of 31.2% from the stock's current price.
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Helmerich & Payne's stock was trading at $23.70 at the start of the year. Since then, HP shares have increased by 94.7% and is now trading at $46.14.
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Helmerich & Payne saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 4,860,000 shares, an increase of 13.6% from the October 15th total of 4,280,000 shares. Based on an average daily trading volume, of 854,600 shares, the days-to-cover ratio is currently 5.7 days. Approximately 4.8% of the shares of the stock are sold short.
View Helmerich & Payne's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, January 30th 2023.
View our HP earnings forecast.

Helmerich & Payne, Inc. (NYSE:HP) released its quarterly earnings results on Wednesday, November, 16th. The oil and gas company reported $0.45 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.45. The oil and gas company earned $631.33 million during the quarter, compared to the consensus estimate of $597.29 million. Helmerich & Payne had a trailing twelve-month return on equity of 0.45% and a net margin of 0.34%. The business's revenue was up 83.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.62) EPS.

Helmerich & Payne declared a quarterly dividend on Wednesday, September 7th. Investors of record on Tuesday, November 15th will be given a dividend of $0.25 per share on Thursday, December 1st. This represents a $1.00 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Monday, November 14th.
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 2.13%. The dividend payout ratio is 2,000.40%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, HP will have a dividend payout ratio of 18.38% 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. (16.16%), Vanguard Group Inc. (11.29%), Alliancebernstein L.P. (5.53%), Dimensional Fund Advisors LP (4.66%), State Street Corp (3.90%) and Van ECK Associates Corp (2.13%). 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 $46.14.

Helmerich & Payne (NYSE:HP) has a market capitalization of $4.86 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 $0.05 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.