Helmerich & Payne, Inc. (NYSE:HP) Short Interest Update

Helmerich & Payne, Inc. (NYSE:HPGet Free Report) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 12,720,000 shares, an increase of 7.9% from the October 31st total of 11,790,000 shares. Based on an average daily volume of 1,620,000 shares, the days-to-cover ratio is currently 7.9 days. Currently, 13.4% of the company’s stock are sold short.

Helmerich & Payne Stock Performance

NYSE:HP traded down $0.14 during midday trading on Wednesday, reaching $35.11. The stock had a trading volume of 475,172 shares, compared to its average volume of 1,379,503. Helmerich & Payne has a 1-year low of $29.46 and a 1-year high of $44.11. The firm’s fifty day simple moving average is $34.25 and its 200-day simple moving average is $34.79. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.67 and a quick ratio of 2.40. The stock has a market capitalization of $3.47 billion, a P/E ratio of 10.30, a PEG ratio of 4.30 and a beta of 1.39.

Helmerich & Payne (NYSE:HPGet Free Report) last issued its quarterly earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.76. Helmerich & Payne had a net margin of 12.48% and a return on equity of 12.44%. The firm had revenue of $693.79 million during the quarter, compared to the consensus estimate of $695.99 million. During the same period in the prior year, the firm earned $0.69 EPS. The business’s revenue was up 5.2% on a year-over-year basis. On average, equities research analysts forecast that Helmerich & Payne will post 3.12 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.85%. The ex-dividend date was Monday, November 18th. Helmerich & Payne’s payout ratio is presently 29.07%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Barclays lowered their price objective on shares of Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 20th. Benchmark restated a “hold” rating on shares of Helmerich & Payne in a research report on Thursday, November 21st. Royal Bank of Canada decreased their target price on shares of Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating for the company in a research report on Friday, November 15th. The Goldman Sachs Group decreased their target price on shares of Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating for the company in a research report on Thursday, August 29th. Finally, Citigroup decreased their target price on shares of Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, September 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $38.57.

Get Our Latest Research Report on Helmerich & Payne

Institutional Investors Weigh In On Helmerich & Payne

Several institutional investors have recently modified their holdings of HP. Dimensional Fund Advisors LP boosted its stake in Helmerich & Payne by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,576,795 shares of the oil and gas company’s stock worth $201,543,000 after acquiring an additional 176,179 shares during the last quarter. State Street Corp boosted its stake in Helmerich & Payne by 0.8% during the 3rd quarter. State Street Corp now owns 4,182,972 shares of the oil and gas company’s stock worth $127,246,000 after acquiring an additional 34,395 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Helmerich & Payne by 9.4% in the second quarter. Pacer Advisors Inc. now owns 3,826,851 shares of the oil and gas company’s stock valued at $138,302,000 after buying an additional 327,802 shares in the last quarter. Earnest Partners LLC lifted its stake in Helmerich & Payne by 15.7% in the second quarter. Earnest Partners LLC now owns 3,469,609 shares of the oil and gas company’s stock valued at $125,392,000 after buying an additional 471,420 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Helmerich & Payne by 1.0% in the third quarter. Geode Capital Management LLC now owns 2,247,214 shares of the oil and gas company’s stock valued at $68,373,000 after buying an additional 22,875 shares in the last quarter. Institutional investors and hedge funds own 96.05% of the company’s stock.

Helmerich & Payne Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Helmerich & Payne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helmerich & Payne and related companies with MarketBeat.com's FREE daily email newsletter.