Helmerich & Payne, Inc. (NYSE:HP - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $35.99, but opened at $34.46. Helmerich & Payne shares last traded at $34.04, with a volume of 196,126 shares trading hands.
Analyst Ratings Changes
Several analysts recently commented on the stock. Piper Sandler reduced their price target on shares of Helmerich & Payne from $39.00 to $36.00 and set a "neutral" rating for the company in a research report on Monday, July 15th. Citigroup decreased their target price on shares of Helmerich & Payne from $41.00 to $33.00 and set a "neutral" rating for the company in a research note on Friday, September 13th. Evercore ISI upgraded Helmerich & Payne to a "strong-buy" rating in a research report on Friday, July 26th. Benchmark reaffirmed a "hold" rating on shares of Helmerich & Payne in a research report on Monday, August 5th. Finally, Bank of America lowered their target price on Helmerich & Payne from $42.50 to $40.00 and set a "buy" rating on the stock in a research note on Monday, July 15th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Helmerich & Payne presently has an average rating of "Hold" and a consensus target price of $40.88.
Check Out Our Latest Stock Report on HP
Helmerich & Payne Trading Down 5.3 %
The company has a debt-to-equity ratio of 0.19, a current ratio of 2.12 and a quick ratio of 1.87. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 9.73, a price-to-earnings-growth ratio of 3.80 and a beta of 1.42. The business's 50-day moving average price is $32.80 and its two-hundred day moving average price is $36.27.
Helmerich & Payne (NYSE:HP - Get Free Report) last released its earnings results on Wednesday, July 24th. The oil and gas company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.15. The firm had revenue of $697.70 million for the quarter, compared to the consensus estimate of $670.78 million. Helmerich & Payne had a return on equity of 12.39% and a net margin of 12.72%. The firm's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.09 earnings per share. Equities analysts expect that Helmerich & Payne, Inc. will post 3.48 earnings per share for the current year.
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 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Monday, November 18th. Helmerich & Payne's payout ratio is currently 28.57%.
Hedge Funds Weigh In On Helmerich & Payne
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Headlands Technologies LLC acquired a new position in Helmerich & Payne during the 1st quarter worth approximately $33,000. Hexagon Capital Partners LLC lifted its position in shares of Helmerich & Payne by 514.4% during the first quarter. Hexagon Capital Partners LLC now owns 940 shares of the oil and gas company's stock worth $40,000 after purchasing an additional 787 shares in the last quarter. Covestor Ltd boosted its stake in shares of Helmerich & Payne by 253.4% in the first quarter. Covestor Ltd now owns 940 shares of the oil and gas company's stock valued at $40,000 after purchasing an additional 674 shares during the period. Whittier Trust Co. grew its holdings in Helmerich & Payne by 94.9% during the 1st quarter. Whittier Trust Co. now owns 1,222 shares of the oil and gas company's stock valued at $51,000 after purchasing an additional 595 shares in the last quarter. Finally, Creekmur Asset Management LLC purchased a new stake in Helmerich & Payne during the 4th quarter worth $60,000. Institutional investors and hedge funds own 96.05% of the company's stock.
Helmerich & Payne Company Profile
(
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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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