UBS AG reissued their buy rating on shares of Helmerich & Payne, Inc. (NYSE:HP) in a report published on Monday, July 31st, www.flashratings.com reports. The brokerage currently has a $60.00 target price on the oil and gas company’s stock, down from their previous target price of $84.00.
Several other brokerages also recently issued reports on HP. Jefferies Group LLC upgraded shares of Helmerich & Payne from an underperform rating to a hold rating and cut their price objective for the stock from $55.00 to $54.00 in a research report on Wednesday, May 3rd. Credit Suisse Group restated a hold rating and set a $63.00 price objective on shares of Helmerich & Payne in a research report on Tuesday, May 2nd. Morgan Stanley downgraded shares of Helmerich & Payne from an equal weight rating to an underweight rating and cut their price objective for the stock from $85.00 to $56.00 in a research report on Wednesday, June 21st. BMO Capital Markets restated a sell rating and set a $54.00 price objective on shares of Helmerich & Payne in a research report on Thursday, June 22nd. Finally, Royal Bank Of Canada restated a hold rating on shares of Helmerich & Payne in a research report on Friday, May 26th. Seven equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. Helmerich & Payne has a consensus rating of Hold and a consensus price target of $57.10.
Helmerich & Payne (NYSE HP) opened at 46.18 on Monday. Helmerich & Payne has a 12-month low of $46.00 and a 12-month high of $85.78. The firm has a 50-day moving average price of $52.55 and a 200 day moving average price of $60.88. The firm’s market cap is $5.01 billion.
Helmerich & Payne (NYSE:HP) last issued its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.25) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.05. The firm had revenue of $498.60 million during the quarter, compared to the consensus estimate of $452.42 million. Helmerich & Payne had a negative net margin of 11.19% and a negative return on equity of 3.37%. The business’s revenue for the quarter was up 36.0% compared to the same quarter last year. During the same period last year, the business posted ($0.20) earnings per share. Equities research analysts forecast that Helmerich & Payne will post ($1.32) EPS for the current year.
COPYRIGHT VIOLATION WARNING: “Helmerich & Payne, Inc. (HP) Earns “Buy” Rating from UBS AG” was published by Community Financial News and is the property of of Community Financial News. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.com-unik.info/2017/08/12/ubs-ag-reiterates-buy-rating-for-helmerich-payne-inc-hp-updated.html.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, August 16th. This represents a $2.80 annualized dividend and a yield of 6.06%. Helmerich & Payne’s dividend payout ratio is currently -167.66%.
A number of hedge funds and other institutional investors have recently made changes to their positions in HP. Toronto Dominion Bank increased its position in shares of Helmerich & Payne by 57.0% in the first quarter. Toronto Dominion Bank now owns 29,291 shares of the oil and gas company’s stock valued at $1,950,000 after buying an additional 10,637 shares in the last quarter. Bristlecone Advisors LLC boosted its stake in Helmerich & Payne by 2.6% in the first quarter. Bristlecone Advisors LLC now owns 19,180 shares of the oil and gas company’s stock worth $1,277,000 after buying an additional 495 shares during the last quarter. Smith Asset Management Group LP boosted its stake in Helmerich & Payne by 1.0% in the first quarter. Smith Asset Management Group LP now owns 209,207 shares of the oil and gas company’s stock worth $13,941,000 after buying an additional 2,027 shares during the last quarter. Macquarie Group Ltd. boosted its stake in Helmerich & Payne by 0.9% in the fourth quarter. Macquarie Group Ltd. now owns 53,350 shares of the oil and gas company’s stock worth $4,129,000 after buying an additional 500 shares during the last quarter. Finally, US Bancorp DE boosted its stake in Helmerich & Payne by 33.6% in the first quarter. US Bancorp DE now owns 303,054 shares of the oil and gas company’s stock worth $20,174,000 after buying an additional 76,291 shares during the last quarter.
Helmerich & Payne Company Profile
Helmerich & Payne, Inc is engaged in contract drilling of oil and gas wells for others. The Company operates in the contract drilling industry. The Company’s contract drilling business consists of three segments: U.S. Land, Offshore and International Land. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology.
What are top analysts saying about Helmerich & Payne Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Helmerich & Payne Inc. and related companies.