Helmerich & Payne, Inc. (NYSE:HP - Get Free Report) SVP Cara Hair sold 58,771 shares of the company's stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $36.62, for a total transaction of $2,152,194.02. Following the sale, the senior vice president directly owned 175,589 shares in the company, valued at $6,430,069.18. This trade represents a 25.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Helmerich & Payne Stock Performance
NYSE HP opened at $37.18 on Tuesday. The company's 50 day simple moving average is $34.24 and its two-hundred day simple moving average is $28.84. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.03 and a quick ratio of 1.58. Helmerich & Payne, Inc. has a 1 year low of $14.65 and a 1 year high of $37.65. The stock has a market capitalization of $3.71 billion, a PE ratio of -11.66 and a beta of 0.54.
Helmerich & Payne (NYSE:HP - Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The oil and gas company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.27). The firm had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $990.16 million. Helmerich & Payne had a negative net margin of 7.71% and a positive return on equity of 0.28%. The firm's revenue for the quarter was up 50.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 earnings per share. Analysts predict that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current fiscal year.
Helmerich & Payne Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.7%. The ex-dividend date is Monday, May 18th. Helmerich & Payne's payout ratio is presently -31.35%.
Analyst Upgrades and Downgrades
HP has been the topic of several recent analyst reports. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $32.00 price target on shares of Helmerich & Payne in a report on Wednesday, January 14th. TD Cowen boosted their price objective on Helmerich & Payne from $35.00 to $38.00 and gave the stock a "hold" rating in a report on Monday, February 9th. Royal Bank Of Canada upped their price objective on shares of Helmerich & Payne from $34.00 to $36.00 and gave the stock a "sector perform" rating in a research report on Friday, February 6th. JPMorgan Chase & Co. upgraded shares of Helmerich & Payne from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $24.00 to $34.00 in a research report on Wednesday, December 10th. Finally, Morgan Stanley reissued an "underweight" rating and issued a $28.00 price target on shares of Helmerich & Payne in a research note on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $36.80.
View Our Latest Stock Analysis on Helmerich & Payne
Institutional Investors Weigh In On Helmerich & Payne
Several hedge funds have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. raised its holdings in shares of Helmerich & Payne by 18.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 7,840 shares of the oil and gas company's stock valued at $225,000 after buying an additional 1,200 shares in the last quarter. Dean Capital Management lifted its position in Helmerich & Payne by 7.5% in the 4th quarter. Dean Capital Management now owns 144,195 shares of the oil and gas company's stock worth $4,136,000 after buying an additional 10,036 shares during the last quarter. Invesco Ltd. boosted its stake in Helmerich & Payne by 15.5% in the fourth quarter. Invesco Ltd. now owns 3,468,526 shares of the oil and gas company's stock worth $99,477,000 after buying an additional 465,440 shares in the last quarter. Empowered Funds LLC grew its position in Helmerich & Payne by 20.9% during the fourth quarter. Empowered Funds LLC now owns 447,310 shares of the oil and gas company's stock valued at $12,829,000 after acquiring an additional 77,399 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in Helmerich & Payne during the fourth quarter valued at approximately $791,000. Institutional investors own 96.05% of the company's stock.
About Helmerich & Payne
(
Get Free Report)
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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