John W. Lindsay Buys 20,000 Shares of Helmerich & Payne, Inc. (NYSE:HP) Stock

Helmerich & Payne, Inc. (NYSE:HP) CEO John W. Lindsay purchased 20,000 shares of the stock in a transaction dated Monday, February 10th. The shares were bought at an average price of $27.55 per share, with a total value of $551,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 691,214 shares of the company’s stock, valued at approximately $19,042,945.70. This represents a 2.98 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Helmerich & Payne Trading Down 0.5 %

Helmerich & Payne stock traded down $0.13 during trading hours on Tuesday, reaching $27.30. 1,774,588 shares of the company’s stock were exchanged, compared to its average volume of 1,639,904. The company has a quick ratio of 2.40, a current ratio of 2.81 and a debt-to-equity ratio of 0.60. The firm’s 50 day simple moving average is $32.96 and its 200 day simple moving average is $33.58. Helmerich & Payne, Inc. has a twelve month low of $26.61 and a twelve month high of $44.11. The firm has a market capitalization of $2.71 billion, a PE ratio of 8.98, a PEG ratio of 3.41 and a beta of 1.37.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings results on Wednesday, February 5th. The oil and gas company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. Helmerich & Payne had a return on equity of 11.31% and a net margin of 11.02%. Research analysts predict that Helmerich & Payne, Inc. will post 3.11 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

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

Analysts Set New Price Targets

HP has been the subject of several research analyst reports. Royal Bank of Canada lowered their price target on shares of Helmerich & Payne from $41.00 to $35.00 and set a “sector perform” rating for the company in a report on Friday. Evercore ISI reiterated an “in-line” rating and set a $39.00 price target (down from $48.00) on shares of Helmerich & Payne in a report on Wednesday, January 15th. Citigroup upgraded shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and upped their price target for the stock from $33.00 to $40.00 in a report on Friday, January 10th. Barclays lowered their price target on shares of Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating for the company in a report on Wednesday, November 20th. Finally, Benchmark restated a “hold” rating on shares of Helmerich & Payne in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $38.75.

Hedge Funds Weigh In On Helmerich & Payne

Institutional investors and hedge funds have recently made changes to their positions in the stock. Kestra Investment Management LLC bought a new position in shares of Helmerich & Payne during the 4th quarter worth about $27,000. Covestor Ltd boosted its position in shares of Helmerich & Payne by 76.9% during the 3rd quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company’s stock worth $45,000 after purchasing an additional 643 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Helmerich & Payne by 127.8% during the 3rd quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company’s stock worth $46,000 after purchasing an additional 854 shares in the last quarter. Quarry LP bought a new position in shares of Helmerich & Payne during the 3rd quarter worth about $48,000. Finally, Eastern Bank bought a new position in shares of Helmerich & Payne during the 3rd quarter worth about $61,000. Institutional investors own 96.05% of the company’s stock.

Helmerich & Payne Company Profile

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.