Helmerich & Payne (NYSE:HP) Upgraded at Wall Street Zen

Helmerich & Payne (NYSE:HP) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

A number of other equities research analysts also recently commented on HP. TD Cowen raised their target price on Helmerich & Payne from $26.00 to $27.00 and gave the company a “hold” rating in a report on Tuesday, August 19th. Zacks Research raised shares of Helmerich & Payne to a “hold” rating in a research note on Monday, August 11th. Barclays set a $25.00 price objective on shares of Helmerich & Payne and gave the company an “overweight” rating in a research note on Monday, September 22nd. Piper Sandler boosted 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. Finally, Citigroup upped their target price on shares of Helmerich & Payne from $17.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $24.20.

Helmerich & Payne Stock Up 2.9%

HP opened at $27.76 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.84 and a quick ratio of 1.43. The business has a 50 day simple moving average of $23.66 and a 200-day simple moving average of $19.55. The stock has a market capitalization of $2.76 billion, a P/E ratio of -84.13 and a beta of 0.94. Helmerich & Payne has a 12 month low of $14.65 and a 12 month high of $37.30.

Insider Buying and Selling at Helmerich & Payne

In other news, CAO Sara Marie Momper sold 6,700 shares of the business’s stock in a transaction that occurred 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 approximately $390,619.64. The trade was a 23.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 4.51% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Grace & White Inc. NY increased its position in shares of Helmerich & Payne by 23.3% during the 2nd quarter. Grace & White Inc. NY now owns 139,742 shares of the oil and gas company’s stock valued at $2,118,000 after purchasing an additional 26,400 shares during the period. State of Alaska Department of Revenue boosted its stake in Helmerich & Payne by 7.6% during the second quarter. State of Alaska Department of Revenue now owns 59,223 shares of the oil and gas company’s stock valued at $897,000 after buying an additional 4,158 shares in the last quarter. Abel Hall LLC acquired a new position in Helmerich & Payne during the second quarter worth about $163,000. Tcfg Wealth Management LLC acquired a new position in Helmerich & Payne during the second quarter worth about $766,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in Helmerich & Payne in the first quarter worth about $626,000. 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.