Key Points
- Hans Helmerich sold 75,000 shares for $2.109M at an average price of $28.12 on Dec. 19, trimming his stake by 13.12% to 496,735 shares (about $13.97M).
- Quarterly results mixed: HP missed EPS (‑$0.01 vs. $0.26 expected) despite revenue rising 45.8% to $1.01B, and the company declared a $0.25 quarterly dividend (annualized $1.00, ~3.5% yield).
- Market view is cautious: Consensus rating is "Hold" with a $31.20 target, though some analysts (e.g., JPMorgan) have upgraded the stock and raised targets; institutional investors own about 96% of shares.
Helmerich & Payne, Inc. (NYSE:HP - Get Free Report) Director Hans Helmerich sold 75,000 shares of the business's stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $28.12, for a total value of $2,109,000.00. Following the transaction, the director owned 496,735 shares of the company's stock, valued at approximately $13,968,188.20. This trade represents a 13.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Helmerich & Payne Stock Up 1.1%
Shares of HP opened at $28.25 on Tuesday. The business's 50 day moving average is $26.99 and its 200 day moving average is $21.59. The company has a current ratio of 1.80, a quick ratio of 1.40 and a debt-to-equity ratio of 0.73. Helmerich & Payne, Inc. has a 12-month low of $14.65 and a 12-month high of $37.30. The company has a market capitalization of $2.78 billion, a PE ratio of -16.92 and a beta of 0.56.
Helmerich & Payne (NYSE:HP - Get Free Report) last issued its quarterly earnings data on Monday, November 17th. The oil and gas company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.27). The business 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 business's quarterly revenue was up 45.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.76 earnings per share. Research analysts expect that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current fiscal year.
Helmerich & Payne Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, February 13th. Helmerich & Payne's payout ratio is currently -59.88%.
Institutional Investors Weigh In On Helmerich & Payne
Several institutional investors and hedge funds have recently added to or reduced their stakes in HP. American Century Companies Inc. boosted its holdings in shares of Helmerich & Payne by 7.7% during the 3rd quarter. American Century Companies Inc. now owns 3,474,036 shares of the oil and gas company's stock worth $76,741,000 after purchasing an additional 249,425 shares during the last quarter. Invesco Ltd. lifted its position in Helmerich & Payne by 1.5% during the third quarter. Invesco Ltd. now owns 3,003,086 shares of the oil and gas company's stock worth $66,338,000 after buying an additional 43,158 shares in the last quarter. Balyasny Asset Management L.P. boosted its stake in Helmerich & Payne by 4.3% during the third quarter. Balyasny Asset Management L.P. now owns 2,132,265 shares of the oil and gas company's stock worth $47,102,000 after buying an additional 87,882 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Helmerich & Payne by 22.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,720,505 shares of the oil and gas company's stock valued at $26,083,000 after buying an additional 321,004 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in Helmerich & Payne by 17.6% in the 3rd quarter. Van ECK Associates Corp now owns 1,550,279 shares of the oil and gas company's stock valued at $34,246,000 after buying an additional 231,737 shares in the last quarter. Institutional investors and hedge funds own 96.05% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on HP shares. Morgan Stanley set a $26.00 price objective on shares of Helmerich & Payne in a report on Monday, December 15th. Susquehanna lifted their price target on Helmerich & Payne from $26.00 to $31.00 and gave the stock a "positive" rating in a research report on Wednesday, November 19th. Weiss Ratings reissued a "sell (d+)" rating on shares of Helmerich & Payne in a report on Monday, December 15th. Royal Bank Of Canada raised their price objective on Helmerich & Payne from $27.00 to $29.00 and gave the stock a "sector perform" rating in a research note on Thursday, November 20th. Finally, JPMorgan Chase & Co. raised Helmerich & Payne from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $24.00 to $34.00 in a report on Wednesday, December 10th. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $31.20.
Get Our Latest Research Report on Helmerich & Payne
Helmerich & Payne Company Profile
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Helmerich & Payne, Inc is a leading provider of contract drilling services to the oil and gas industry, specializing primarily in onshore drilling operations. The company designs, engineers and operates a fleet of advanced drilling rigs, including its proprietary FlexRigs, which are engineered for high efficiency, safety and rapid mobilization. Alongside core drilling services, Helmerich & Payne offers well intervention, workover and coiled tubing services, positioning itself as a comprehensive drilling solutions partner for exploration and production companies worldwide.
Founded in 1920 and headquartered in Tulsa, Oklahoma, Helmerich & Payne has grown through innovation and strategic expansion to serve diverse hydrocarbon basins.
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