Belgacem Chariag Acquires 37,356 Shares of Helmerich & Payne, Inc. (NYSE:HP) Stock

Helmerich & Payne, Inc. (NYSE:HP - Get Free Report) Director Belgacem Chariag bought 37,356 shares of the stock in a transaction dated Monday, February 10th. The stock was bought at an average price of $27.08 per share, for a total transaction of $1,011,600.48. Following the purchase, the director now directly owns 54,606 shares of the company's stock, valued at approximately $1,478,730.48. The trade was a 216.56 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Helmerich & Payne Price Performance

Shares of NYSE:HP traded down $0.76 during midday trading on Friday, hitting $26.53. The company's stock had a trading volume of 1,895,995 shares, compared to its average volume of 1,632,362. The business's 50 day simple moving average is $32.35 and its 200 day simple moving average is $33.27. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.40 and a current ratio of 2.81. The company has a market cap of $2.64 billion, a P/E ratio of 8.73, a price-to-earnings-growth ratio of 3.41 and a beta of 1.37. Helmerich & Payne, Inc. has a 12-month low of $26.32 and a 12-month high of $44.11.

Helmerich & Payne (NYSE:HP - Get Free Report) last issued its earnings results on Wednesday, February 5th. The oil and gas company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.02. Helmerich & Payne had a return on equity of 11.31% and a net margin of 11.02%. On average, analysts forecast that Helmerich & Payne, Inc. will post 3.11 EPS for the current year.

Remove Ads

Helmerich & Payne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend is Friday, February 14th. Helmerich & Payne's payout ratio is currently 32.89%.

Institutional Trading of Helmerich & Payne

Large investors have recently added to or reduced their stakes in the stock. State of New Jersey Common Pension Fund D increased its position in Helmerich & Payne by 18.1% during the third quarter. State of New Jersey Common Pension Fund D now owns 58,634 shares of the oil and gas company's stock worth $1,784,000 after purchasing an additional 9,004 shares during the last quarter. Legato Capital Management LLC raised its position in shares of Helmerich & Payne by 93.9% during the 4th quarter. Legato Capital Management LLC now owns 76,064 shares of the oil and gas company's stock valued at $2,436,000 after buying an additional 36,828 shares during the period. Petrus Trust Company LTA purchased a new stake in shares of Helmerich & Payne during the 3rd quarter valued at approximately $619,000. FMR LLC raised its position in shares of Helmerich & Payne by 510.7% during the 3rd quarter. FMR LLC now owns 140,655 shares of the oil and gas company's stock valued at $4,279,000 after buying an additional 117,624 shares during the period. Finally, Tandem Financial LLC purchased a new stake in shares of Helmerich & Payne during the 4th quarter valued at approximately $413,000. 96.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on HP shares. Royal Bank of Canada lowered their price target on shares of Helmerich & Payne from $41.00 to $35.00 and set a "sector perform" rating on the stock in a report on Friday, February 7th. Evercore ISI restated an "in-line" rating and issued a $39.00 price target (down previously from $48.00) on shares of Helmerich & Payne in a research note on Wednesday, January 15th. Benchmark reiterated a "hold" rating on shares of Helmerich & Payne in a research report on Thursday, November 21st. Barclays cut their price objective on Helmerich & Payne from $39.00 to $36.00 and set an "equal weight" rating for the company in a research report on Wednesday, November 20th. Finally, Citigroup upgraded Helmerich & Payne from a "neutral" rating to a "buy" rating and increased their target price for the company from $33.00 to $40.00 in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Helmerich & Payne has a consensus rating of "Hold" and a consensus price target of $38.75.

Helmerich & Payne Company Profile

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.