Helmerich & Payne, Inc. (NYSE:HP) VP John R. Bell sold 9,000 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $38.67, for a total transaction of $348,030.00. Following the completion of the transaction, the vice president now owns 81,426 shares of the company’s stock, valued at approximately $3,148,743.42. The sale was disclosed in a filing with the SEC, which is accessible through this link.
NYSE:HP opened at $38.39 on Wednesday. The stock has a market capitalization of $4.16 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 5.00 and a beta of 1.65. The company has a current ratio of 2.72, a quick ratio of 2.35 and a debt-to-equity ratio of 0.12. Helmerich & Payne, Inc. has a 1 year low of $35.74 and a 1 year high of $64.80. The firm has a 50 day moving average of $39.36 and a 200-day moving average of $44.10.
Helmerich & Payne (NYSE:HP) last released its quarterly earnings results on Thursday, November 14th. The oil and gas company reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.14. Helmerich & Payne had a positive return on equity of 4.68% and a negative net margin of 1.20%. The firm had revenue of $649.10 million during the quarter, compared to analysts’ expectations of $650.92 million. During the same period last year, the firm posted $0.19 EPS. The business’s revenue was down 6.8% on a year-over-year basis. As a group, analysts forecast that Helmerich & Payne, Inc. will post 0.49 EPS for the current fiscal year.
HP has been the topic of a number of analyst reports. Capital One Financial reissued an “overweight” rating on shares of Helmerich & Payne in a research note on Tuesday, October 8th. Deutsche Bank assumed coverage on Helmerich & Payne in a report on Wednesday, November 27th. They set a “sell” rating and a $34.00 price objective on the stock. Evercore ISI raised Helmerich & Payne from an “in-line” rating to an “outperform” rating and set a $24.00 price objective on the stock in a report on Monday, November 11th. Bank of America lowered Helmerich & Payne from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 8th. Finally, Wells Fargo & Co cut Helmerich & Payne from an “outperform” rating to an “underperform” rating and set a $30.00 target price for the company. in a report on Thursday, September 12th. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. Helmerich & Payne presently has a consensus rating of “Hold” and a consensus price target of $49.81.
A number of large investors have recently modified their holdings of HP. Vanguard Group Inc. increased its position in Helmerich & Payne by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 12,381,816 shares of the oil and gas company’s stock valued at $626,767,000 after acquiring an additional 490,806 shares in the last quarter. Nuveen Asset Management LLC bought a new position in shares of Helmerich & Payne in the second quarter worth about $19,500,000. Point72 Asset Management L.P. lifted its position in shares of Helmerich & Payne by 107.3% during the second quarter. Point72 Asset Management L.P. now owns 724,023 shares of the oil and gas company’s stock worth $36,650,000 after purchasing an additional 374,774 shares in the last quarter. Invesco Ltd. lifted its position in shares of Helmerich & Payne by 18.7% during the second quarter. Invesco Ltd. now owns 2,156,692 shares of the oil and gas company’s stock worth $109,172,000 after purchasing an additional 339,457 shares in the last quarter. Finally, Marshall Wace North America L.P. grew its stake in shares of Helmerich & Payne by 12,405.5% during the second quarter. Marshall Wace North America L.P. now owns 275,121 shares of the oil and gas company’s stock valued at $13,927,000 after purchasing an additional 272,921 shares during the last quarter. 90.50% of the stock is currently owned by hedge funds and other institutional investors.
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.
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