Helmerich & Payne, Inc. (NYSE:HP) Receives Consensus Rating of "Hold" from Analysts

Shares of Helmerich & Payne, Inc. (NYSE:HP - Get Free Report) have been given a consensus recommendation of "Hold" by the ten research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $37.25.

Several research firms recently weighed in on HP. Evercore ISI reiterated an "in-line" rating and issued a $39.00 target price (down previously from $48.00) on shares of Helmerich & Payne in a research note on Wednesday, January 15th. Royal Bank of Canada decreased 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 research note on Friday, February 7th. Argus raised shares of Helmerich & Payne to a "hold" rating in a report on Tuesday, February 11th. Benchmark reiterated a "hold" rating on shares of Helmerich & Payne in a research report on Thursday, November 21st. Finally, Barclays dropped their price target on shares of Helmerich & Payne from $36.00 to $24.00 and set an "equal weight" rating for the company in a research report on Wednesday.

Insider Transactions at Helmerich & Payne

In related news, Director Belgacem Chariag purchased 37,356 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was acquired at an average price of $27.08 per share, with a total value of $1,011,600.48. Following the completion of the acquisition, the director now directly owns 54,606 shares in the company, valued at approximately $1,478,730.48. This trade represents a 216.56 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John W. Lindsay acquired 20,000 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was bought at an average price of $27.55 per share, with a total value of $551,000.00. Following the transaction, the chief executive officer now directly owns 691,214 shares in the company, valued at $19,042,945.70. The trade was a 2.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 4.51% of the company's stock.

Hedge Funds Weigh In On Helmerich & Payne

Several hedge funds have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Helmerich & Payne by 5.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 158,687 shares of the oil and gas company's stock valued at $5,081,000 after purchasing an additional 8,553 shares during the last quarter. Vident Advisory LLC bought a new position in Helmerich & Payne in the fourth quarter valued at approximately $657,000. Systematic Financial Management LP grew its holdings in Helmerich & Payne by 3.8% during the 4th quarter. Systematic Financial Management LP now owns 573,271 shares of the oil and gas company's stock worth $18,356,000 after acquiring an additional 20,770 shares during the period. Scissortail Wealth Management LLC raised its position in shares of Helmerich & Payne by 232,833.3% during the 4th quarter. Scissortail Wealth Management LLC now owns 13,976 shares of the oil and gas company's stock valued at $448,000 after acquiring an additional 13,970 shares during the last quarter. Finally, Private Capital Management LLC lifted its stake in shares of Helmerich & Payne by 8.3% in the 4th quarter. Private Capital Management LLC now owns 39,000 shares of the oil and gas company's stock valued at $1,249,000 after purchasing an additional 3,000 shares during the period. Institutional investors own 96.05% of the company's stock.

Helmerich & Payne Stock Performance

Shares of NYSE:HP traded up $1.42 during trading on Monday, reaching $27.13. The stock had a trading volume of 1,928,521 shares, compared to its average volume of 1,678,221. The stock has a fifty day simple moving average of $31.88 and a two-hundred day simple moving average of $33.01. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.60. Helmerich & Payne has a 52 week low of $25.69 and a 52 week high of $44.11. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 8.92, a P/E/G ratio of 3.39 and a beta of 1.37.

Helmerich & Payne (NYSE:HP - Get Free Report) last announced its earnings results on Wednesday, February 5th. The oil and gas company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.69 by $0.02. Helmerich & Payne had a net margin of 11.02% and a return on equity of 11.31%. As a group, analysts anticipate that Helmerich & Payne will post 2.95 earnings per share for the current fiscal year.

Helmerich & Payne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend is Friday, February 14th. Helmerich & Payne's dividend payout ratio is currently 32.89%.

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.