31,256 Shares in Helmerich & Payne, Inc. $HP Purchased by CW Advisors LLC

CW Advisors LLC acquired a new stake in Helmerich & Payne, Inc. (NYSE:HP) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 31,256 shares of the oil and gas company’s stock, valued at approximately $474,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cetera Investment Advisers raised its position in shares of Helmerich & Payne by 20.0% in the first quarter. Cetera Investment Advisers now owns 22,928 shares of the oil and gas company’s stock valued at $599,000 after purchasing an additional 3,814 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Helmerich & Payne by 69.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 32,240 shares of the oil and gas company’s stock worth $842,000 after buying an additional 13,198 shares during the period. Deutsche Bank AG grew its stake in Helmerich & Payne by 16.4% in the 1st quarter. Deutsche Bank AG now owns 353,326 shares of the oil and gas company’s stock valued at $9,229,000 after buying an additional 49,882 shares in the last quarter. Invesco Ltd. raised its holdings in Helmerich & Payne by 24.7% during the 1st quarter. Invesco Ltd. now owns 2,704,134 shares of the oil and gas company’s stock valued at $70,632,000 after acquiring an additional 535,808 shares during the period. Finally, Nuveen LLC bought a new stake in Helmerich & Payne during the 1st quarter valued at $6,486,000. Institutional investors own 96.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on HP shares. Barclays raised their price target on Helmerich & Payne from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Weiss Ratings restated a “sell (d+)” rating on shares of Helmerich & Payne in a research note on Monday. Citigroup upped their price target on Helmerich & Payne from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, November 25th. The Goldman Sachs Group upgraded shares of Helmerich & Payne from a “sell” rating to a “neutral” rating and raised their price objective for the company from $20.00 to $28.00 in a research report on Thursday, November 20th. Finally, Evercore ISI upped their target price on shares of Helmerich & Payne from $20.00 to $27.00 and gave the stock an “in-line” rating in a report on Wednesday, November 19th. Two analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $26.70.

Helmerich & Payne Price Performance

Shares of NYSE:HP opened at $29.72 on Wednesday. The company’s fifty day moving average price is $25.98 and its 200-day moving average price is $20.76. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.80 and a quick ratio of 1.40. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of -17.80 and a beta of 0.56. Helmerich & Payne, Inc. has a one year low of $14.65 and a one year high of $37.30.

Helmerich & Payne (NYSE:HP) last announced its earnings results on Monday, November 17th. The oil and gas company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.27). The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $972.79 million. Helmerich & Payne had a positive return on equity of 3.21% and a negative net margin of 4.37%.The firm’s revenue was up 45.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.76 earnings per share. On average, equities research analysts anticipate that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current fiscal year.

Helmerich & Payne Company Profile

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.