Helmerich & Payne, Inc. (NYSE:HP) Receives $40.29 Consensus Target Price from Analysts

Shares of Helmerich & Payne, Inc. (NYSE:HP - Get Free Report) have been given a consensus rating of "Hold" by the ten brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $40.29.

HP has been the subject of a number of analyst reports. Royal Bank of Canada increased their price target on Helmerich & Payne from $48.00 to $50.00 and gave the company a "sector perform" rating in a report on Friday, July 26th. Benchmark reiterated a "hold" rating on shares of Helmerich & Payne in a research report on Monday, August 5th. Piper Sandler decreased their target price on Helmerich & Payne from $39.00 to $36.00 and set a "neutral" rating for the company in a research report on Monday, July 15th. Bank of America decreased their price target on shares of Helmerich & Payne from $42.50 to $40.00 and set a "buy" rating on the stock in a research report on Monday, July 15th. Finally, Citigroup lowered their price objective on Helmerich & Payne from $41.00 to $33.00 and set a "neutral" rating on the stock in a research note on Friday, September 13th.

Hedge Funds Weigh In On Helmerich & Payne

Several hedge funds and other institutional investors have recently made changes to their positions in HP. Headlands Technologies LLC purchased a new position in shares of Helmerich & Payne in the 1st quarter worth about $33,000. Covestor Ltd grew its position in Helmerich & Payne by 253.4% in the first quarter. Covestor Ltd now owns 940 shares of the oil and gas company's stock worth $40,000 after buying an additional 674 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Helmerich & Payne by 127.8% in the third quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company's stock worth $46,000 after buying an additional 854 shares during the period. Eastern Bank purchased a new position in Helmerich & Payne in the third quarter valued at about $61,000. Finally, KBC Group NV lifted its stake in shares of Helmerich & Payne by 20.3% in the third quarter. KBC Group NV now owns 3,130 shares of the oil and gas company's stock worth $95,000 after buying an additional 529 shares during the last quarter. Hedge funds and other institutional investors own 96.05% of the company's stock.

Helmerich & Payne Stock Performance

NYSE HP traded down $0.01 during trading hours on Friday, hitting $36.12. The company had a trading volume of 1,371,794 shares, compared to its average volume of 1,276,878. Helmerich & Payne has a 1-year low of $29.46 and a 1-year high of $44.11. The company has a market cap of $3.57 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 3.90 and a beta of 1.40. The business has a 50 day moving average of $33.07 and a 200-day moving average of $35.37. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.87 and a current ratio of 2.12.

Helmerich & Payne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Monday, November 18th. Helmerich & Payne's dividend payout ratio (DPR) is 28.99%.

About Helmerich & Payne

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.