Shares of Helmerich & Payne Inc. (NYSE:HP) were down 1.3% during trading on Monday . The stock traded as low as $67.23 and last traded at $67.80, with a volume of 821,131 shares changing hands. The stock had previously closed at $68.72.

Several analysts recently commented on HP shares. Iberia Capital raised their target price on Helmerich & Payne from $53.00 to $61.00 and gave the company a “sector perform” rating in a research report on Monday, April 4th. Citigroup Inc. lowered their target price on Helmerich & Payne from $62.00 to $61.00 and set a “neutral” rating on the stock in a research report on Thursday, May 12th. Howard Weil cut Helmerich & Payne from a “sector outperform” rating to a “sector perform” rating in a research report on Tuesday, May 3rd. Bank of America Corp. started coverage on Helmerich & Payne in a research report on Monday, June 13th. They issued a “buy” rating on the stock. Finally, Scotiabank cut Helmerich & Payne from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, May 3rd. Six analysts have rated the stock with a sell rating, fifteen have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Helmerich & Payne currently has a consensus rating of “Hold” and a consensus target price of $59.99.

The stock has a market capitalization of $7.16 billion and a PE ratio of 70.83. The stock’s 50 day moving average price is $65.63 and its 200-day moving average price is $58.29.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings data on Monday, May 2nd. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.37. The firm had revenue of $438 million for the quarter, compared to analyst estimates of $398.26 million. During the same period in the prior year, the company posted $1.37 EPS. The firm’s quarterly revenue was down 50.6% compared to the same quarter last year. Equities analysts forecast that Helmerich & Payne Inc. will post ($1.10) EPS for the current year.

In other Helmerich & Payne news, CEO John W. Lindsay sold 19,000 shares of the company’s stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $67.37, for a total transaction of $1,280,030.00. Following the completion of the sale, the chief executive officer now owns 145,512 shares in the company, valued at approximately $9,803,143.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Several hedge funds have modified their holdings of HP. Employees Retirement System of Texas boosted its stake in shares of Helmerich & Payne by 404.1% in the fourth quarter. Employees Retirement System of Texas now owns 247,000 shares of the company’s stock valued at $13,227,000 after buying an additional 198,000 shares during the last quarter. Bank of Montreal Can boosted its stake in Helmerich & Payne by 23.4% in the fourth quarter. Bank of Montreal Can now owns 1,005,560 shares of the company’s stock worth $53,849,000 after buying an additional 190,620 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Helmerich & Payne by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,825,032 shares of the company’s stock worth $151,272,000 after buying an additional 44,724 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Helmerich & Payne by 46.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 130,163 shares of the company’s stock worth $6,968,000 after buying an additional 41,552 shares in the last quarter. Finally, BOKF NA boosted its stake in Helmerich & Payne by 52.8% in the fourth quarter. BOKF NA now owns 93,420 shares of the company’s stock worth $5,003,000 after buying an additional 32,300 shares in the last quarter.

Helmerich & Payne, Inc is engaged in contract drilling of oil and gas wells for others. The Company operates in the contract drilling industry. The Company’s contract drilling business consists of three segments: U.S. Land, Offshore and International Land. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology.

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