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NYSE:HP

Helmerich & Payne - HP Stock Forecast, Price & News

$43.51
+1.88 (+4.52%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$42.15
$43.97
50-Day Range
$38.31
$53.86
52-Week Range
$20.93
$54.59
Volume
487,051 shs
Average Volume
1.39 million shs
Market Capitalization
$4.58 billion
P/E Ratio
N/A
Dividend Yield
2.40%
Price Target
$51.22

Helmerich & Payne MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
17.7% Upside
$51.22 Price Target
Short Interest
Healthy
4.30% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-7.89
Upright™ Environmental Score
News Sentiment
0.69mentions of Helmerich & Payne in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$60,000 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.09) to $3.28 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.25 out of 5 stars

Oils/Energy Sector

121st out of 256 stocks

Drilling Oil & Gas Wells Industry

3rd out of 9 stocks

HP stock logo

About Helmerich & Payne (NYSE:HP) Stock

Founded 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.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Morgan Stanley raised their target price on shares of Helmerich & Payne from $45.00 to $48.00 and gave the company an "underweight" rating in a research report on Monday, August 1st. Susquehanna Bancshares raised their target price on shares of Helmerich & Payne from $55.00 to $62.00 and gave the company a "positive" rating in a research report on Wednesday, June 8th. Citigroup raised their price target on shares of Helmerich & Payne from $44.00 to $49.00 and gave the company a "neutral" rating in a research note on Wednesday, July 6th. Barclays raised their price target on shares of Helmerich & Payne to $58.00 in a research note on Tuesday. Finally, Piper Sandler raised their price target on shares of Helmerich & Payne from $49.00 to $53.00 and gave the company a "neutral" rating in a research note on Wednesday, June 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Helmerich & Payne has an average rating of "Hold" and an average price target of $51.22.

Helmerich & Payne Trading Up 4.5 %

NYSE:HP traded up $1.88 during mid-day trading on Thursday, reaching $43.51. 487,051 shares of the stock were exchanged, compared to its average volume of 1,394,344. Helmerich & Payne has a one year low of $20.93 and a one year high of $54.59. The stock has a 50 day simple moving average of $43.16 and a 200-day simple moving average of $42.12. The stock has a market cap of $4.58 billion, a P/E ratio of -39.20 and a beta of 1.70. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.36 and a quick ratio of 2.14.

Helmerich & Payne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Wednesday, August 17th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Tuesday, August 16th. Helmerich & Payne's dividend payout ratio is presently -90.09%.

Insider Buying and Selling

In related news, SVP Raymond John Adams III sold 1,500 shares of Helmerich & Payne stock in a transaction on Friday, June 24th. The shares were sold at an average price of $40.00, for a total transaction of $60,000.00. Following the completion of the transaction, the senior vice president now owns 54,399 shares of the company's stock, valued at $2,175,960. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.35% of the stock is owned by insiders.

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HP Stock News Headlines

Brokerages Set Helmerich & Payne, Inc. (NYSE:HP) PT at $51.22
Helmerich & Payne (NYSE:HP) PT Raised to $58.00 at Barclays
Helmerich & Payne (NYSE:HP) PT Raised to $48.00
Helmerich & Payne (NYSE:HP) Price Target Cut to $38.00
Helmerich & Payne Is Drilling for Lower Share Prices
10 Analysts Have This to Say About Helmerich & Payne
Helmerich & Payne Inc - Stock Chart
Top Stock Picks for Week of May 16, 2022
Helmerich & Payne: Outlook Is Improving
Helmerich & Payne Tops Q2 EPS by 25c
Helmerich & Payne Inc. Q2 Loss Decreases
See More Headlines
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HP Company Calendar

Last Earnings
11/17/2021
Ex-Dividend for 5/27 Dividend
5/12/2022
Dividend Payable
5/27/2022
Today
8/11/2022
Ex-Dividend for 9/1 Dividend
8/16/2022
Dividend Payable
9/01/2022
Fiscal Year End
9/30/2022
Next Earnings (Estimated)
11/16/2022

Industry, Sector and Symbol

Industry
Drilling oil & gas wells
Sub-Industry
Oil & Gas Drilling
CUSIP
42345210
Employees
5,444
Year Founded
1920

Price Target and Rating

Average Stock Price Forecast
$51.22
High Stock Price Forecast
$62.00
Low Stock Price Forecast
$38.00
Forecasted Upside/Downside
+17.7%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
9 Analysts

Profitability

Net Income
$-326,150,000.00
Pretax Margin
-8.27%

Debt

Sales & Book Value

Annual Sales
$1.22 billion
Cash Flow
$1.40 per share
Book Value
$25.95 per share

Miscellaneous

Free Float
100,710,000
Market Cap
$4.58 billion
Optionable
Optionable
Beta
1.70

Social Links















HP Stock - Frequently Asked Questions

Should I buy or sell Helmerich & Payne stock right now?

9 Wall Street research 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 5 buy ratings for the stock. The consensus among Wall Street research 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 2022?

9 analysts have issued 12-month target prices for Helmerich & Payne's shares. Their HP share price forecasts range from $38.00 to $62.00. On average, they expect the company's share price to reach $51.22 in the next twelve months. This suggests a possible upside of 17.2% 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 2022?

Helmerich & Payne's stock was trading at $23.70 at the beginning of the year. Since then, HP stock has increased by 84.4% and is now trading at $43.70.
View the best growth stocks for 2022 here
.

Are investors shorting Helmerich & Payne?

Helmerich & Payne saw a drop in short interest in July. As of July 31st, there was short interest totaling 4,380,000 shares, a drop of 12.6% from the July 15th total of 5,010,000 shares. Based on an average daily volume of 1,180,000 shares, the short-interest ratio is presently 3.7 days. Currently, 4.3% of the shares of the stock are short sold.
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, November 16th 2022.
View our HP earnings forecast
.

How were Helmerich & Payne's earnings last quarter?

Helmerich & Payne, Inc. (NYSE:HP) posted its quarterly earnings results on Wednesday, November, 17th. The oil and gas company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.51) by $0.11. The oil and gas company had revenue of $343.81 million for the quarter, compared to analyst estimates of $350.08 million. Helmerich & Payne had a negative net margin of 6.65% and a negative trailing twelve-month return on equity of 3.69%. The company's quarterly revenue was up 65.1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.74) EPS.

How often does Helmerich & Payne pay dividends? What is the dividend yield for Helmerich & Payne?

Helmerich & Payne announced a quarterly dividend on Thursday, June 2nd. Shareholders of record on Wednesday, August 17th will be paid a dividend of $0.25 per share on Thursday, September 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Tuesday, August 16th.
Read our dividend analysis for HP
.

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 2.41%.
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 investors include Van ECK Associates Corp (2.81%), Boston Trust Walden Corp (1.72%), Principal Financial Group Inc. (1.18%), Granite Investment Partners LLC (1.03%), Kennedy Capital Management Inc. (0.60%) and Allspring Global Investments Holdings LLC (0.33%). 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 $43.70.

How much money does Helmerich & Payne make?

Helmerich & Payne (NYSE:HP) has a market capitalization of $4.60 billion and generates $1.22 billion in revenue each year. The oil and gas company earns $-326,150,000.00 in net income (profit) each year or ($1.11) on an earnings per share basis.

How many employees does Helmerich & Payne have?

The company employs 5,444 workers across the globe.

When was Helmerich & Payne founded?

Helmerich & Payne was founded in 1920.

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 8/11/2022 by MarketBeat.com Staff

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