Helmerich & Payne (NYSE:HP) CAO Sells $223,791.12 in Stock

Helmerich & Payne, Inc. (NYSE:HP) 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 directly owned 16,958 shares of the company’s stock, valued at $750,900.24. This represents a 22.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Helmerich & Payne Stock Up 0.4%

NYSE HP opened at $43.92 on Friday. Helmerich & Payne, Inc. has a twelve month low of $17.35 and a twelve month high of $45.00. The stock has a market cap of $4.39 billion, a PE ratio of -31.15 and a beta of 0.61. The firm has a 50-day simple moving average of $35.78 and a 200 day simple moving average of $36.30. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.55 and a current ratio of 1.96.

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

Helmerich & Payne Announces Dividend

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 given a dividend of $0.25 per share. The ex-dividend date is Tuesday, August 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.3%. Helmerich & Payne’s payout ratio is currently -70.92%.

Hedge Funds Weigh In On Helmerich & Payne

Several hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its position in Helmerich & Payne by 2,433.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,647 shares of the oil and gas company’s stock valued at $25,000 after acquiring an additional 1,582 shares during the period. Leonteq Securities AG acquired a new stake in shares of Helmerich & Payne in the 4th quarter valued at $26,000. Parallel Advisors LLC grew its holdings in shares of Helmerich & Payne by 407.1% in the 3rd quarter. Parallel Advisors LLC now owns 2,226 shares of the oil and gas company’s stock worth $49,000 after purchasing an additional 1,787 shares during the last quarter. Hantz Financial Services Inc. increased its position in shares of Helmerich & Payne by 24.3% during the 4th quarter. Hantz Financial Services Inc. now owns 2,276 shares of the oil and gas company’s stock worth $65,000 after purchasing an additional 445 shares in the last quarter. Finally, Strs Ohio bought a new position in Helmerich & Payne during the 1st quarter valued at about $101,000. Institutional investors own 96.05% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on HP. Susquehanna upped their target price on Helmerich & Payne from $40.00 to $44.00 and gave the company a “positive” rating in a research note on Friday, August 7th. Piper Sandler boosted their price target on shares of Helmerich & Payne from $41.00 to $43.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Citigroup dropped their price objective 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. Finally, Royal Bank Of Canada raised their price objective on shares of Helmerich & Payne from $38.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Helmerich & Payne has an average rating of “Hold” and an average target price of $41.00.

Helmerich & Payne Company Profile

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.