Helmerich & Payne, Inc. (NYSE:HP - Get Free Report) Director Hans Helmerich sold 94,470 shares of the company's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $43.90, for a total transaction of $4,147,233.00. Following the completion of the sale, the director directly owned 20,000 shares of the company's stock, valued at $878,000. The trade was a 82.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Helmerich & Payne Trading Down 2.5%
NYSE:HP opened at $42.45 on Tuesday. Helmerich & Payne, Inc. has a 52 week low of $18.48 and a 52 week high of $45.00. The firm has a 50-day moving average price of $35.98 and a two-hundred day moving average price of $36.42. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.55 and a current ratio of 1.96. The firm has a market cap of $4.24 billion, a price-to-earnings ratio of -30.11 and a beta of 0.61.
Helmerich & Payne (NYSE:HP - Get Free Report) last announced its earnings results on Wednesday, August 5th. The oil and gas company reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.20). The business had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $987.70 million. Helmerich & Payne had a negative return on equity of 2.35% and a negative net margin of 3.43%.Helmerich & Payne's quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.22 EPS. On average, equities analysts expect that Helmerich & Payne, Inc. will post -0.15 earnings per share for the current fiscal year.
Helmerich & Payne Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.00 annualized dividend and a yield of 2.4%. Helmerich & Payne's payout ratio is currently -70.92%.
Wall Street Analyst Weigh In
Several brokerages have commented on HP. Piper Sandler lifted their price objective on shares of Helmerich & Payne from $41.00 to $43.00 and gave the stock an "overweight" rating in a research report on Monday, May 18th. Citigroup decreased their price target on shares of Helmerich & Payne from $38.00 to $36.00 and set a "neutral" rating for the company in a research note on Monday, June 29th. Weiss Ratings raised shares of Helmerich & Payne from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, August 12th. Susquehanna upped their price objective on Helmerich & Payne from $40.00 to $44.00 and gave the company a "positive" rating in a research note on Friday, August 7th. Finally, Royal Bank Of Canada increased their price objective on Helmerich & Payne from $38.00 to $40.00 and gave the company a "sector perform" rating in a report on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Helmerich & Payne currently has a consensus rating of "Hold" and an average price target of $41.00.
Read Our Latest Research Report on HP
Institutional Trading of Helmerich & Payne
Hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada boosted its holdings in Helmerich & Payne by 4.4% in the 1st quarter. Royal Bank of Canada now owns 104,180 shares of the oil and gas company's stock worth $2,721,000 after buying an additional 4,394 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Helmerich & Payne by 6.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,630 shares of the oil and gas company's stock valued at $1,531,000 after acquiring an additional 3,611 shares during the period. NewEdge Advisors LLC raised its holdings in Helmerich & Payne by 39,685.1% during the 1st quarter. NewEdge Advisors LLC now owns 34,613 shares of the oil and gas company's stock valued at $904,000 after acquiring an additional 34,526 shares during the period. Empowered Funds LLC lifted its position in shares of Helmerich & Payne by 9.9% during the first quarter. Empowered Funds LLC now owns 9,459 shares of the oil and gas company's stock worth $247,000 after acquiring an additional 852 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Helmerich & Payne by 34.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 213,445 shares of the oil and gas company's stock worth $5,575,000 after acquiring an additional 54,758 shares in the last quarter. Institutional investors own 96.05% of the company's stock.
About Helmerich & Payne
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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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