Evercore ISI restated their in-line rating on shares of Helmerich & Payne, Inc. (NYSE:HP) in a report published on Tuesday. The brokerage currently has a $48.00 price objective on the oil and gas company’s stock, down from their prior price objective of $65.00.
Other analysts have also recently issued reports about the company. UBS AG reaffirmed a buy rating and set a $86.00 price objective (down from $91.00) on shares of Helmerich & Payne in a research report on Tuesday, May 2nd. Royal Bank Of Canada set a $80.00 price objective on Helmerich & Payne and gave the company a hold rating in a research report on Saturday, July 1st. Vetr raised Helmerich & Payne from a hold rating to a buy rating and set a $55.00 price objective on the stock in a research report on Monday, July 10th. Zacks Investment Research raised Helmerich & Payne from a sell rating to a hold rating in a research report on Thursday, July 13th. Finally, Seaport Global Securities reaffirmed a sell rating on shares of Helmerich & Payne in a research report on Thursday, July 20th. Seven analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the stock. Helmerich & Payne presently has a consensus rating of Hold and a consensus target price of $56.77.
Helmerich & Payne (NYSE HP) traded down 0.40% on Tuesday, reaching $49.34. The company had a trading volume of 1,620,863 shares. The company’s 50 day moving average is $53.95 and its 200-day moving average is $62.28. The firm’s market capitalization is $5.36 billion. Helmerich & Payne has a one year low of $48.62 and a one year high of $85.78.
Helmerich & Payne (NYSE:HP) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.25) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.05. The business had revenue of $498.60 million for the quarter, compared to analysts’ expectations of $452.42 million. Helmerich & Payne had a negative return on equity of 3.37% and a negative net margin of 11.19%. The business’s revenue was up 36.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.20) EPS. On average, equities research analysts expect that Helmerich & Payne will post ($1.32) earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be paid a dividend of $0.70 per share. The ex-dividend date is Wednesday, August 16th. This represents a $2.80 dividend on an annualized basis and a yield of 5.67%. Helmerich & Payne’s dividend payout ratio is presently -167.66%.
A number of large investors have recently made changes to their positions in the stock. Thrivent Financial for Lutherans raised its stake in shares of Helmerich & Payne by 5.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 3,760 shares of the oil and gas company’s stock worth $291,000 after buying an additional 210 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Helmerich & Payne by 4.1% in the fourth quarter. Teachers Advisors LLC now owns 154,623 shares of the oil and gas company’s stock worth $11,968,000 after buying an additional 6,096 shares in the last quarter. Kentucky Retirement Systems bought a new stake in shares of Helmerich & Payne during the fourth quarter worth $608,000. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Helmerich & Payne during the fourth quarter worth $271,000. Finally, Macquarie Group Ltd. raised its stake in shares of 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 in the last quarter.
About Helmerich & Payne
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.
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