Helmerich & Payne (NYSE:HP) CAO Sara Marie Momper Sells 5,054 Shares

Helmerich & Payne, Inc. (NYSE:HP) CAO Sara Marie Momper sold 5,054 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $44.28, for a total transaction of $223,791.12. Following the sale, the chief accounting officer directly owned 16,958 shares in the company, valued at $750,900.24. The trade was a 22.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Helmerich & Payne Price Performance

HP stock opened at $44.21 on Wednesday. The company has a fifty day moving average price of $35.60 and a 200-day moving average price of $36.16. The company has a market capitalization of $4.42 billion, a P/E ratio of -31.36 and a beta of 0.61. Helmerich & Payne, Inc. has a 52-week low of $17.35 and a 52-week high of $45.00. 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) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.20). The business had revenue of $1.03 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 EPS. As a group, equities analysts expect that Helmerich & Payne, Inc. will post -0.12 EPS for the current year.

Helmerich & Payne Dividend Announcement

The business 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. This represents a $1.00 dividend on an annualized basis and a dividend 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

HP has been the topic of several analyst reports. Barclays upped their target price on Helmerich & Payne from $47.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, August 10th. Weiss Ratings upgraded shares of Helmerich & Payne from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. Citigroup dropped their price target on shares of Helmerich & Payne from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, June 29th. Wall Street Zen raised shares of Helmerich & Payne from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, The Goldman Sachs Group increased their price objective on shares of Helmerich & Payne from $35.00 to $41.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Helmerich & Payne presently has an average rating of “Hold” and a consensus price target of $40.50.

Institutional Investors Weigh In On Helmerich & Payne

Several institutional investors and hedge funds have recently made changes to their positions in HP. Empowered Funds LLC acquired a new stake in Helmerich & Payne during the second quarter worth approximately $14,699,000. Corient Private Wealth LP acquired a new position in Helmerich & Payne in the second quarter valued at approximately $281,000. Bank of America Corp DE acquired a new position in Helmerich & Payne in the second quarter valued at approximately $43,370,000. Gallagher Fiduciary Advisors LLC bought a new position in shares of Helmerich & Payne during the 2nd quarter worth approximately $319,000. Finally, Man Group plc bought a new position in shares of Helmerich & Payne during the 2nd quarter worth approximately $1,652,000. Institutional investors own 96.05% of the company’s stock.

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.