Evercore ISI Reiterates In-Line Rating for Helmerich & Payne (NYSE:HP)

Helmerich & Payne (NYSE:HP - Get Free Report)'s stock had its "in-line" rating reiterated by analysts at Evercore ISI in a research report issued on Wednesday, MarketBeat reports. They currently have a $39.00 price objective on the oil and gas company's stock, down from their prior price objective of $48.00. Evercore ISI's price objective would indicate a potential upside of 6.12% from the company's current price.

HP has been the topic of a number of other research reports. Benchmark reissued a "hold" rating on shares of Helmerich & Payne in a research report on Thursday, November 21st. Citigroup raised shares of Helmerich & Payne from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $33.00 to $40.00 in a research report on Friday, January 10th. Royal Bank of Canada decreased their price objective on Helmerich & Payne from $44.00 to $41.00 and set a "sector perform" rating for the company in a report on Friday, November 15th. Finally, Barclays lowered their target price on Helmerich & Payne from $39.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $39.50.

Helmerich & Payne Stock Up 3.7 %

Shares of HP traded up $1.31 during midday trading on Wednesday, hitting $36.75. The stock had a trading volume of 1,055,886 shares, compared to its average volume of 1,095,176. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 10.68, a price-to-earnings-growth ratio of 4.10 and a beta of 1.39. The company has a 50 day simple moving average of $33.68 and a two-hundred day simple moving average of $34.17. Helmerich & Payne has a twelve month low of $29.46 and a twelve month 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.

Helmerich & Payne (NYSE:HP - Get Free Report) last announced its earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share (EPS) 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 business had revenue of $693.79 million for the quarter, compared to analyst estimates of $695.99 million. During the same quarter last year, the firm earned $0.69 EPS. Helmerich & Payne's revenue for the quarter was up 5.2% compared to the same quarter last year. On average, analysts anticipate that Helmerich & Payne will post 3.12 EPS for the current year.

Institutional Trading of Helmerich & Payne

Several institutional investors and hedge funds have recently bought and sold shares of HP. Covestor Ltd increased its holdings in shares of Helmerich & Payne by 76.9% during the 3rd quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company's stock worth $45,000 after acquiring an additional 643 shares during the last quarter. Blue Trust Inc. boosted its position in 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 purchasing an additional 854 shares during the period. Quarry LP acquired a new position in shares of Helmerich & Payne in the third quarter valued at $48,000. Eastern Bank bought a new position in shares of Helmerich & Payne in the third quarter valued at about $61,000. Finally, Steph & Co. acquired a new stake in Helmerich & Payne during the fourth quarter worth approximately $87,000. Institutional investors own 96.05% of the company's stock.

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.