Helmerich & Payne’s (HP) “Hold” Rating Reiterated at Benchmark

Benchmark reissued their hold rating on shares of Helmerich & Payne (NYSE:HP) in a research note published on Thursday morning, Benzinga reports.

Other equities research analysts have also recently issued reports about the company. Piper Sandler raised their price target on Helmerich & Payne from $41.00 to $44.00 and gave the company a neutral rating in a report on Tuesday, February 20th. Barclays lowered Helmerich & Payne from an overweight rating to an equal weight rating and lowered their target price for the company from $44.00 to $40.00 in a research note on Wednesday, January 10th. The Goldman Sachs Group reduced their price target on shares of Helmerich & Payne from $37.00 to $33.00 and set a sell rating on the stock in a research report on Friday, January 12th. Citigroup raised their price objective on shares of Helmerich & Payne from $40.00 to $42.00 and gave the company a neutral rating in a research report on Tuesday, April 16th. Finally, Susquehanna upped their target price on shares of Helmerich & Payne from $50.00 to $52.00 and gave the stock a positive rating in a research report on Monday, April 8th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Helmerich & Payne presently has a consensus rating of Hold and an average price target of $42.63.

Helmerich & Payne Stock Down 0.1 %

HP opened at $40.39 on Thursday. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 1.93 and a beta of 1.51. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.89 and a current ratio of 2.16. The firm’s 50-day simple moving average is $40.75 and its 200-day simple moving average is $38.66. Helmerich & Payne has a twelve month low of $30.41 and a twelve month high of $46.55.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings data on Tuesday, January 30th. The oil and gas company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.24. The firm had revenue of $677.00 million for the quarter, compared to analysts’ expectations of $661.81 million. Helmerich & Payne had a net margin of 12.84% and a return on equity of 13.21%. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.11 earnings per share. Equities research analysts anticipate that Helmerich & Payne will post 3.59 EPS for the current fiscal year.

Helmerich & Payne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date is Thursday, May 16th. Helmerich & Payne’s dividend payout ratio (DPR) is 28.57%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its holdings in Helmerich & Payne by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,181,316 shares of the oil and gas company’s stock valued at $187,668,000 after purchasing an additional 19,622 shares during the last quarter. Earnest Partners LLC grew its position in shares of Helmerich & Payne by 4.0% during the 3rd quarter. Earnest Partners LLC now owns 2,929,498 shares of the oil and gas company’s stock worth $123,508,000 after buying an additional 113,735 shares during the period. Pacer Advisors Inc. increased its stake in shares of Helmerich & Payne by 130.8% in the 4th quarter. Pacer Advisors Inc. now owns 2,720,464 shares of the oil and gas company’s stock valued at $98,535,000 after acquiring an additional 1,541,987 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Helmerich & Payne by 8.7% in the 4th quarter. Victory Capital Management Inc. now owns 2,628,685 shares of the oil and gas company’s stock valued at $95,211,000 after acquiring an additional 210,321 shares during the period. Finally, Boston Trust Walden Corp raised its position in shares of Helmerich & Payne by 1.6% in the 4th quarter. Boston Trust Walden Corp now owns 2,214,742 shares of the oil and gas company’s stock valued at $80,218,000 after acquiring an additional 34,863 shares during the period. Institutional investors and hedge funds own 96.05% of the company’s stock.

About Helmerich & Payne

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.