Helmerich & Payne, Inc. (NYSE:HP) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Helmerich & Payne, Inc. (NYSE:HP) have been given a consensus recommendation of “Hold” by the nine analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $39.50.

HP has been the topic of a number of research analyst reports. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a report on Thursday, November 21st. Evercore ISI restated an “in-line” rating and set a $39.00 target price (down from $48.00) on shares of Helmerich & Payne in a report on Wednesday, January 15th. Royal Bank of Canada dropped their price target on Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating on the stock in a report on Friday, November 15th. Citigroup raised Helmerich & Payne from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $33.00 to $40.00 in a research note on Friday, January 10th. Finally, Barclays decreased their target price on Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 20th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Covestor Ltd raised its holdings in shares of Helmerich & Payne by 76.9% during the third 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 in the last quarter. Blue Trust Inc. lifted its stake in 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 valued at $46,000 after acquiring an additional 854 shares during the last quarter. Quarry LP bought a new stake in Helmerich & Payne in the third quarter worth approximately $48,000. Eastern Bank acquired a new position in shares of Helmerich & Payne during the 3rd quarter worth $61,000. Finally, Steph & Co. bought a new position in shares of Helmerich & Payne during the 4th quarter valued at $87,000. 96.05% of the stock is owned by hedge funds and other institutional investors.

Helmerich & Payne Stock Down 0.3 %

Helmerich & Payne stock opened at $32.82 on Thursday. The company’s 50-day moving average price is $33.71 and its two-hundred day moving average price is $34.12. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 4.45 and a beta of 1.39. Helmerich & Payne has a 52 week low of $29.46 and a 52 week high of $44.11. The company has a current ratio of 2.67, a quick ratio of 2.40 and a debt-to-equity ratio of 0.61.

Helmerich & Payne (NYSE:HP) last announced its 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 firm had revenue of $693.79 million for the quarter, compared to analysts’ expectations of $695.99 million. Helmerich & Payne had a return on equity of 12.44% and a net margin of 12.48%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.69 earnings per share. On average, analysts expect that Helmerich & Payne will post 3.06 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date is Friday, February 14th. Helmerich & Payne’s dividend payout ratio (DPR) is 29.07%.

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.