Helmerich & Payne, Inc. (NYSE:HP) Director Belgacem Chariag Buys 37,356 Shares

Helmerich & Payne, Inc. (NYSE:HP) Director Belgacem Chariag acquired 37,356 shares of Helmerich & Payne stock in a transaction on Monday, February 10th. The stock was purchased at an average cost of $27.08 per share, with a total value of $1,011,600.48. Following the completion of the transaction, the director now directly owns 54,606 shares in the company, valued at $1,478,730.48. This represents a 216.56 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Helmerich & Payne Stock Performance

Shares of NYSE HP traded down $0.13 during midday trading on Tuesday, hitting $27.30. The company’s stock had a trading volume of 1,774,588 shares, compared to its average volume of 1,639,904. Helmerich & Payne, Inc. has a one year low of $26.61 and a one year high of $44.11. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 8.98, a P/E/G ratio of 3.41 and a beta of 1.37. The company has a current ratio of 2.81, a quick ratio of 2.40 and a debt-to-equity ratio of 0.60. The stock has a fifty day moving average price of $32.96 and a 200 day moving average price of $33.58.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings data on Wednesday, February 5th. The oil and gas company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. Helmerich & Payne had a net margin of 11.02% and a return on equity of 11.31%. On average, research analysts forecast that Helmerich & Payne, Inc. will post 3.11 EPS for the current fiscal year.

Helmerich & Payne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.66%. The ex-dividend date is Friday, February 14th. Helmerich & Payne’s dividend payout ratio (DPR) is 32.89%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on HP shares. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a research report on Thursday, November 21st. Citigroup raised Helmerich & Payne from a “neutral” rating to a “buy” rating and raised their target price for the company from $33.00 to $40.00 in a research report on Friday, January 10th. Barclays cut their price target on shares of Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 20th. Evercore ISI restated an “in-line” rating and set a $39.00 price objective (down previously from $48.00) on shares of Helmerich & Payne in a report on Wednesday, January 15th. Finally, Royal Bank of Canada dropped their target price on shares of Helmerich & Payne from $41.00 to $35.00 and set a “sector perform” rating on the stock in a research note on Friday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $38.75.

Institutional Trading of Helmerich & Payne

Hedge funds have recently made changes to their positions in the stock. State of New Jersey Common Pension Fund D boosted its stake in shares of Helmerich & Payne by 18.1% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 58,634 shares of the oil and gas company’s stock valued at $1,784,000 after purchasing an additional 9,004 shares in the last quarter. Petrus Trust Company LTA purchased a new stake in Helmerich & Payne during the third quarter valued at about $619,000. FMR LLC increased its holdings in shares of Helmerich & Payne by 510.7% in the third quarter. FMR LLC now owns 140,655 shares of the oil and gas company’s stock worth $4,279,000 after buying an additional 117,624 shares during the period. Tandem Financial LLC bought a new stake in shares of Helmerich & Payne in the 4th quarter valued at about $413,000. Finally, Barclays PLC lifted its stake in shares of Helmerich & Payne by 320.2% in the 3rd quarter. Barclays PLC now owns 198,415 shares of the oil and gas company’s stock valued at $6,035,000 after acquiring an additional 151,196 shares during the last quarter. 96.05% 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.