Helmerich & Payne (NYSE:HP - Get Free Report) had its price objective reduced by research analysts at Barclays from $39.00 to $36.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an "equal weight" rating on the oil and gas company's stock. Barclays's price objective suggests a potential upside of 6.73% from the stock's previous close.
HP has been the topic of a number of other reports. The Goldman Sachs Group lowered their price target on Helmerich & Payne from $38.00 to $34.00 and set a "sell" rating on the stock in a report on Thursday, August 29th. Citigroup cut their target price on Helmerich & Payne from $41.00 to $33.00 and set a "neutral" rating on the stock in a research report on Friday, September 13th. Benchmark reissued a "hold" rating on shares of Helmerich & Payne in a research report on Monday, August 5th. Royal Bank of Canada reduced their price target on Helmerich & Payne from $44.00 to $41.00 and set a "sector perform" rating on the stock in a report on Friday, November 15th. Finally, Evercore ISI upgraded Helmerich & Payne to a "strong-buy" rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $38.57.
Check Out Our Latest Stock Report on HP
Helmerich & Payne Stock Up 1.0 %
HP stock traded up $0.33 during trading on Wednesday, hitting $33.73. 1,033,781 shares of the stock traded hands, compared to its average volume of 1,383,050. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 9.71, a price-to-earnings-growth ratio of 3.62 and a beta of 1.40. Helmerich & Payne has a 1 year low of $29.46 and a 1 year high of $44.11. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.67 and a quick ratio of 2.40. The firm's 50 day moving average is $33.60 and its two-hundred day moving average is $35.05.
Helmerich & Payne (NYSE:HP - Get Free Report) last posted its earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share for the quarter, meeting analysts' consensus estimates of $0.76. Helmerich & Payne had a return on equity of 12.44% and a net margin of 12.48%. The company had revenue of $693.79 million for the quarter, compared to the consensus estimate of $695.99 million. During the same quarter in the prior year, the company earned $0.69 earnings per share. Helmerich & Payne's revenue was up 5.2% on a year-over-year basis. On average, sell-side analysts anticipate that Helmerich & Payne will post 3.57 EPS for the current year.
Hedge Funds Weigh In On Helmerich & Payne
Several institutional investors have recently bought and sold shares of HP. Covestor Ltd increased its position in shares of Helmerich & Payne by 253.4% during the first quarter. Covestor Ltd now owns 940 shares of the oil and gas company's stock worth $40,000 after purchasing an additional 674 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Helmerich & Payne by 127.8% during the third quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company's stock worth $46,000 after acquiring an additional 854 shares during the last quarter. Headlands Technologies LLC increased its holdings in shares of Helmerich & Payne by 96.9% during the second quarter. Headlands Technologies LLC now owns 1,538 shares of the oil and gas company's stock valued at $56,000 after acquiring an additional 757 shares in the last quarter. Quarry LP purchased a new position in shares of Helmerich & Payne in the 3rd quarter valued at approximately $48,000. Finally, Eastern Bank acquired a new stake in Helmerich & Payne in the 3rd quarter worth approximately $61,000. 96.05% of the stock is owned by hedge funds and other institutional investors.
About Helmerich & Payne
(
Get Free Report)
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.
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