Helmerich & Payne, Inc. (NYSE:HP) Director Belgacem Chariag Acquires 37,356 Shares

Helmerich & Payne, Inc. (NYSE:HP) Director Belgacem Chariag acquired 37,356 shares of the business’s stock in a transaction on Monday, February 10th. The stock was acquired at an average price of $27.08 per share, with a total value of $1,011,600.48. Following the transaction, the director now directly owns 54,606 shares of the company’s stock, valued at $1,478,730.48. This represents a 216.56 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Helmerich & Payne Trading Down 0.5 %

Helmerich & Payne stock opened at $27.30 on Wednesday. The stock has a 50-day moving average price of $32.80 and a 200 day moving average price of $33.49. The company has a current ratio of 2.81, a quick ratio of 2.40 and a debt-to-equity ratio of 0.60. Helmerich & Payne, Inc. has a 52 week low of $26.61 and a 52 week high of $44.11. The stock has a market cap of $2.71 billion, a PE ratio of 8.98, a P/E/G ratio of 3.41 and a beta of 1.37.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings results on Wednesday, February 5th. The oil and gas company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. Helmerich & Payne had a return on equity of 11.31% and a net margin of 11.02%. Equities research analysts predict that Helmerich & Payne, Inc. will post 3.11 earnings per share for the current fiscal year.

Helmerich & Payne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend is Friday, February 14th. Helmerich & Payne’s dividend payout ratio is currently 32.89%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Barclays cut their price objective on Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 20th. Evercore ISI reiterated an “in-line” rating and issued a $39.00 price objective (down previously from $48.00) on shares of Helmerich & Payne in a research report on Wednesday, January 15th. Citigroup upgraded Helmerich & Payne from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $33.00 to $40.00 in a research report on Friday, January 10th. Benchmark restated a “hold” rating on shares of Helmerich & Payne in a research report on Thursday, November 21st. Finally, Royal Bank of Canada dropped their price target on Helmerich & Payne from $41.00 to $35.00 and set a “sector perform” rating for the company in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Helmerich & Payne currently has an average rating of “Hold” and a consensus target price of $38.75.

Hedge Funds Weigh In On Helmerich & Payne

Several hedge funds and other institutional investors have recently modified their holdings of the company. LPL Financial LLC raised its holdings in shares of Helmerich & Payne by 1.9% during the 4th quarter. LPL Financial LLC now owns 21,763 shares of the oil and gas company’s stock valued at $697,000 after buying an additional 408 shares during the period. Napatree Capital LLC raised its holdings in shares of Helmerich & Payne by 2.5% during the 4th quarter. Napatree Capital LLC now owns 20,847 shares of the oil and gas company’s stock valued at $668,000 after buying an additional 511 shares during the period. KBC Group NV raised its holdings in shares of Helmerich & Payne by 20.3% during the 3rd quarter. KBC Group NV now owns 3,130 shares of the oil and gas company’s stock valued at $95,000 after buying an additional 529 shares during the period. Covestor Ltd raised 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 valued at $45,000 after buying an additional 643 shares during the period. Finally, Franklin Resources Inc. raised its holdings in shares of Helmerich & Payne by 0.4% during the 3rd quarter. Franklin Resources Inc. now owns 157,568 shares of the oil and gas company’s stock valued at $4,793,000 after buying an additional 666 shares during the period. 96.05% of the stock is owned by institutional investors and hedge funds.

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.