Helmerich & Payne, Inc. (NYSE:HP - Get Free Report) CAO Sara Marie Momper sold 5,054 shares of the company's stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $44.28, for a total transaction of $223,791.12. Following the transaction, the chief accounting officer owned 16,958 shares in the company, valued at $750,900.24. This represents a 22.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Helmerich & Payne Price Performance
HP stock opened at $44.21 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.96 and a quick ratio of 1.55. The company's 50-day moving average is $35.60 and its 200-day moving average is $36.16. The stock has a market capitalization of $4.42 billion, a PE ratio of -31.36 and a beta of 0.61. Helmerich & Payne, Inc. has a 1 year low of $17.35 and a 1 year high of $45.00.
Helmerich & Payne (NYSE:HP - Get Free Report) last issued its earnings results on Wednesday, August 5th. The oil and gas company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.20). Helmerich & Payne had a negative net margin of 3.43% and a negative return on equity of 2.35%. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $987.70 million. During the same period in the previous year, the firm earned $0.22 earnings per share. The business's quarterly revenue was down .6% on a year-over-year basis. Equities research analysts expect that Helmerich & Payne, Inc. will post -0.12 EPS for the current fiscal year.
Helmerich & Payne Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, August 18th. This represents a $1.00 annualized dividend and a dividend yield of 2.3%. Helmerich & Payne's payout ratio is currently -70.92%.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Aventail Capital Group LP bought a new position in Helmerich & Payne during the 4th quarter valued at $5,464,000. UBS Group AG grew its stake in shares of Helmerich & Payne by 17.5% in the 4th quarter. UBS Group AG now owns 1,215,192 shares of the oil and gas company's stock worth $34,852,000 after acquiring an additional 180,638 shares in the last quarter. Corigliano Investment Advisers LLC purchased a new stake in shares of Helmerich & Payne in the fourth quarter valued at about $8,573,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Helmerich & Payne in the fourth quarter valued at about $1,522,000. Finally, PEAK6 LLC raised its holdings in shares of Helmerich & Payne by 34.3% in the fourth quarter. PEAK6 LLC now owns 301,997 shares of the oil and gas company's stock valued at $8,661,000 after purchasing an additional 77,182 shares during the last quarter. Hedge funds and other institutional investors own 96.05% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently issued reports on HP. The Goldman Sachs Group increased their target price on Helmerich & Payne from $35.00 to $41.00 and gave the stock a "neutral" rating in a report on Wednesday, June 3rd. Barclays upped their price objective on shares of Helmerich & Payne from $47.00 to $50.00 and gave the stock an "overweight" rating in a report on Monday, August 10th. Susquehanna raised their price objective on shares of Helmerich & Payne from $40.00 to $44.00 and gave the company a "positive" rating in a research note on Friday, August 7th. Royal Bank Of Canada lifted their price objective on shares of Helmerich & Payne from $38.00 to $40.00 and gave the company a "sector perform" rating in a report on Friday, May 8th. Finally, Morgan Stanley reissued an "underweight" rating and set a $36.00 target price on shares of Helmerich & Payne in a research report on Wednesday, July 15th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $40.50.
Get Our Latest Analysis on HP
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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