Benchmark Reaffirms “Hold” Rating for Helmerich & Payne (NYSE:HP)

Helmerich & Payne (NYSE:HP)‘s stock had its “hold” rating restated by Benchmark in a research report issued on Thursday,Benzinga reports.

HP has been the topic of a number of other reports. Royal Bank of Canada cut their price target on shares of Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating on the stock in a research note on Friday, November 15th. Barclays reduced their target price on shares of Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating on the stock in a report on Wednesday. The Goldman Sachs Group dropped their price target on shares of Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating for the company in a research note on Thursday, August 29th. Citigroup reduced 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. Finally, Evercore ISI raised Helmerich & Payne to a “strong-buy” rating in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, six 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.com, Helmerich & Payne presently has a consensus rating of “Hold” and an average target price of $38.57.

Helmerich & Payne Trading Up 2.8 %

Shares of HP stock traded up $0.93 during trading hours on Thursday, hitting $34.66. The company had a trading volume of 152,684 shares, compared to its average volume of 1,377,606. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.67 and a quick ratio of 2.40. The stock has a market capitalization of $3.42 billion, a PE ratio of 10.03, a price-to-earnings-growth ratio of 3.97 and a beta of 1.40. The company’s fifty day moving average is $33.65 and its 200 day moving average is $35.04. Helmerich & Payne has a fifty-two week low of $29.46 and a fifty-two week high of $44.11.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 EPS for the quarter, hitting the consensus estimate of $0.76. The business had revenue of $693.79 million during the quarter, compared to analyst estimates of $695.99 million. Helmerich & Payne had a return on equity of 12.44% and a net margin of 12.48%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the business posted $0.69 earnings per share. Research analysts expect that Helmerich & Payne will post 3.21 earnings per share for the current fiscal year.

Institutional Trading of Helmerich & Payne

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System grew its stake in Helmerich & Payne by 1.3% during the 2nd quarter. Arizona State Retirement System now owns 27,667 shares of the oil and gas company’s stock worth $1,000,000 after buying an additional 342 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Helmerich & Payne by 2.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 22,002 shares of the oil and gas company’s stock worth $795,000 after acquiring an additional 513 shares during the last quarter. KBC Group NV raised its position in Helmerich & Payne by 20.3% in the 3rd quarter. KBC Group NV now owns 3,130 shares of the oil and gas company’s stock valued at $95,000 after purchasing an additional 529 shares during the last quarter. Covestor Ltd boosted its stake in 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 purchasing an additional 643 shares during the period. Finally, Headlands Technologies LLC grew its position in Helmerich & Payne by 96.9% during the 2nd quarter. Headlands Technologies LLC now owns 1,538 shares of the oil and gas company’s stock worth $56,000 after purchasing an additional 757 shares during the last quarter. Institutional investors and hedge funds 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.