PharVision Advisers LLC Takes $247,000 Position in Helmerich & Payne, Inc. $HP

PharVision Advisers LLC purchased a new position in Helmerich & Payne, Inc. (NYSE:HP) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 9,473 shares of the oil and gas company’s stock, valued at approximately $247,000.

Several other large investors have also added to or reduced their stakes in HP. Versant Capital Management Inc increased its position in Helmerich & Payne by 104.2% during the 1st quarter. Versant Capital Management Inc now owns 1,699 shares of the oil and gas company’s stock valued at $44,000 after purchasing an additional 867 shares during the period. Quarry LP bought a new position in Helmerich & Payne in the 1st quarter worth $81,000. GAMMA Investing LLC raised its holdings in Helmerich & Payne by 85.4% in the 1st quarter. GAMMA Investing LLC now owns 3,167 shares of the oil and gas company’s stock worth $83,000 after purchasing an additional 1,459 shares in the last quarter. State of Wyoming raised its holdings in Helmerich & Payne by 102.2% in the 1st quarter. State of Wyoming now owns 5,543 shares of the oil and gas company’s stock worth $145,000 after purchasing an additional 2,801 shares in the last quarter. Finally, CWM LLC raised its holdings in Helmerich & Payne by 37.8% in the 1st quarter. CWM LLC now owns 5,671 shares of the oil and gas company’s stock worth $148,000 after purchasing an additional 1,555 shares in the last quarter. Institutional investors own 96.05% of the company’s stock.

Insider Buying and Selling at Helmerich & Payne

In other news, CAO Sara Marie Momper sold 6,700 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $17.83, for a total transaction of $119,461.00. Following the completion of the transaction, the chief accounting officer directly owned 21,908 shares in the company, valued at $390,619.64. This trade represents a 23.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.51% of the stock is owned by insiders.

Helmerich & Payne Price Performance

HP opened at $20.21 on Friday. The stock has a fifty day simple moving average of $17.41 and a two-hundred day simple moving average of $19.48. The company has a current ratio of 1.84, a quick ratio of 1.43 and a debt-to-equity ratio of 0.76. The company has a market cap of $2.01 billion, a price-to-earnings ratio of -61.23 and a beta of 0.95. Helmerich & Payne, Inc. has a 12-month low of $14.65 and a 12-month high of $37.46.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. Helmerich & Payne had a positive return on equity of 5.81% and a negative net margin of 0.90%.The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the company earned $0.92 earnings per share. The firm’s quarterly revenue was up 49.2% compared to the same quarter last year. Research analysts predict that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on HP. Royal Bank Of Canada upped their price objective on shares of Helmerich & Payne from $23.00 to $24.00 and gave the stock a “sector perform” rating in a report on Friday, August 8th. The Goldman Sachs Group decreased their price objective on shares of Helmerich & Payne from $25.00 to $17.00 and set a “sell” rating for the company in a report on Tuesday, June 24th. Piper Sandler upped their price objective on shares of Helmerich & Payne from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, August 14th. Susquehanna decreased their price objective on Helmerich & Payne from $24.00 to $23.00 and set a “positive” rating for the company in a report on Tuesday, July 1st. Finally, Morgan Stanley decreased their price objective on Helmerich & Payne from $27.00 to $20.00 and set an “underweight” rating for the company in a report on Friday, May 16th. One research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $22.20.

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.