Helmerich & Payne (NYSE:HP) had its price objective upped by Stephens from $20.00 to $25.00 in a research note published on Friday morning, The Fly reports. Stephens currently has an overweight rating on the oil and gas company’s stock.

A number of other analysts have also recently weighed in on the stock. Bank of America upgraded shares of Helmerich & Payne from a neutral rating to a buy rating in a report on Thursday, May 28th. Citigroup raised their target price on shares of Helmerich & Payne from $14.30 to $19.30 and gave the stock a neutral rating in a report on Thursday, May 28th. CSFB reduced their target price on shares of Helmerich & Payne from $20.00 to $18.00 and set an outperform rating for the company in a report on Tuesday, May 5th. Royal Bank of Canada restated a buy rating and set a $24.00 target price on shares of Helmerich & Payne in a report on Monday, April 6th. Finally, Wolfe Research raised shares of Helmerich & Payne from an underperform rating to a market perform rating in a research note on Thursday, March 19th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $30.59.

Shares of NYSE:HP opened at $19.15 on Friday. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of -4.11 and a beta of 2.10. Helmerich & Payne has a 1-year low of $12.40 and a 1-year high of $53.06. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.67 and a current ratio of 2.97. The company has a 50 day moving average price of $20.80 and a 200 day moving average price of $29.52.

Helmerich & Payne (NYSE:HP) last issued its earnings results on Thursday, April 30th. The oil and gas company reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.08). The business had revenue of $633.64 million for the quarter, compared to the consensus estimate of $554.06 million. Helmerich & Payne had a positive return on equity of 2.64% and a negative net margin of 19.47%. The company’s quarterly revenue was down 12.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.56 earnings per share. On average, sell-side analysts expect that Helmerich & Payne will post -1.54 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date is Friday, August 14th. Helmerich & Payne’s dividend payout ratio (DPR) is currently 162.29%.

Large investors have recently modified their holdings of the business. Franklin Resources Inc. boosted its stake in shares of Helmerich & Payne by 555.4% during the 4th quarter. Franklin Resources Inc. now owns 54,936 shares of the oil and gas company’s stock valued at $2,496,000 after buying an additional 46,554 shares during the period. Guggenheim Capital LLC raised its holdings in shares of Helmerich & Payne by 12.0% during the 4th quarter. Guggenheim Capital LLC now owns 137,177 shares of the oil and gas company’s stock valued at $6,232,000 after purchasing an additional 14,657 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Helmerich & Payne by 59.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 290,750 shares of the oil and gas company’s stock valued at $13,209,000 after purchasing an additional 107,865 shares in the last quarter. Blueshift Asset Management LLC bought a new position in shares of Helmerich & Payne during the 4th quarter valued at $1,440,000. Finally, Caxton Associates LP bought a new position in shares of Helmerich & Payne during the 1st quarter valued at $314,000. 91.66% of the stock is owned by institutional investors.

About Helmerich & Payne

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.

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