Shares of Helmerich & Payne, Inc. (NYSE:HP) have earned a consensus rating of “Hold” from the twenty-eight ratings firms that are covering the company, Marketbeat Ratings reports. Eight analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $55.81.
HP has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Helmerich & Payne from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a report on Wednesday, November 29th. Deutsche Bank initiated coverage on shares of Helmerich & Payne in a report on Tuesday, October 10th. They set a “hold” rating and a $45.00 price target on the stock. Jefferies Group set a $50.00 price target on shares of Helmerich & Payne and gave the company a “hold” rating in a report on Thursday, October 5th. Societe Generale initiated coverage on shares of Helmerich & Payne in a report on Thursday, August 31st. They set a “hold” rating and a $46.00 price target on the stock. Finally, Cowen reiterated a “hold” rating and set a $50.00 price target on shares of Helmerich & Payne in a report on Friday, August 11th.
In related news, CEO John W. Lindsay bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were bought at an average price of $47.73 per share, for a total transaction of $238,650.00. Following the completion of the acquisition, the chief executive officer now owns 147,727 shares of the company’s stock, valued at approximately $7,051,009.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.90% of the company’s stock.
Shares of Helmerich & Payne (HP) traded up $0.74 on Monday, reaching $57.21. 1,213,308 shares of the company’s stock were exchanged, compared to its average volume of 1,840,124. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.19 and a current ratio of 3.59. Helmerich & Payne has a twelve month low of $42.16 and a twelve month high of $85.78.
Helmerich & Payne (NYSE:HP) last announced its quarterly earnings data on Thursday, November 16th. The oil and gas company reported ($0.14) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.05. Helmerich & Payne had a negative net margin of 7.16% and a negative return on equity of 2.96%. The business had revenue of $532.30 million for the quarter, compared to analysts’ expectations of $493.78 million. During the same quarter in the prior year, the company earned ($0.33) earnings per share. The business’s revenue was up 60.5% compared to the same quarter last year. equities analysts predict that Helmerich & Payne will post -0.46 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Monday, February 12th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend is Friday, February 9th. Helmerich & Payne’s dividend payout ratio is currently -233.33%.
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.