Helmerich & Payne (NYSE:HP) SVP Sells $493,566.23 in Stock

Helmerich & Payne, Inc. (NYSE:HP) SVP Cara Hair sold 11,149 shares of Helmerich & Payne stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $44.27, for a total transaction of $493,566.23. Following the completion of the sale, the senior vice president owned 136,095 shares of the company’s stock, valued at $6,024,925.65. This trade represents a 7.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Helmerich & Payne Stock Up 0.4%

Shares of NYSE HP opened at $43.92 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.96 and a debt-to-equity ratio of 0.69. The business’s 50 day moving average is $35.78 and its two-hundred day moving average is $36.30. Helmerich & Payne, Inc. has a 52-week low of $17.35 and a 52-week high of $45.00. The firm has a market cap of $4.39 billion, a price-to-earnings ratio of -31.15 and a beta of 0.61.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.20). Helmerich & Payne had a negative return on equity of 2.35% and a negative net margin of 3.43%.The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $987.70 million. During the same quarter in the prior year, the business earned $0.22 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. Research analysts predict that Helmerich & Payne, Inc. will post -0.12 EPS for the current year.

Helmerich & Payne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, August 18th. Helmerich & Payne’s dividend payout ratio (DPR) is -70.92%.

Analysts Set New Price Targets

A number of brokerages have issued reports on HP. Morgan Stanley boosted their price target on shares of Helmerich & Payne from $36.00 to $41.00 and gave the stock an “underweight” rating in a research note on Thursday. 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. Wall Street Zen upgraded shares of Helmerich & Payne from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Citigroup cut their target price on shares of Helmerich & Payne from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, June 29th. Finally, Piper Sandler increased their target price on shares of Helmerich & Payne from $41.00 to $43.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Helmerich & Payne presently has an average rating of “Hold” and an average target price of $41.00.

Institutional Trading of Helmerich & Payne

Several institutional investors have recently modified their holdings of HP. Royal Bank of Canada grew its position in Helmerich & Payne by 4.4% during 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 purchasing an additional 4,394 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Helmerich & Payne by 6.6% in the first 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 buying an additional 3,611 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Helmerich & Payne by 39,685.1% during the first quarter. NewEdge Advisors LLC now owns 34,613 shares of the oil and gas company’s stock worth $904,000 after buying an additional 34,526 shares during the period. Empowered Funds LLC grew its holdings 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 buying an additional 852 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings 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 buying an additional 54,758 shares during the last quarter. Hedge funds and other institutional investors own 96.05% of the company’s stock.

About Helmerich & Payne

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.