Helmerich & Payne Inc. (NYSE:HP) was up 3.8% on Thursday . The stock traded as high as $65.32 and last traded at $64.76, with a volume of 1,040,869 shares trading hands. The stock had previously closed at $62.37.

Several equities research analysts have recently weighed in on HP shares. FBR & Co downgraded shares of Helmerich & Payne from an “outperform” rating to a “market perform” rating and set a $66.00 target price on the stock. in a research note on Friday, April 29th. Cowen and Company increased their target price on shares of Helmerich & Payne from $54.00 to $58.00 and gave the company a “market perform” rating in a research note on Tuesday, May 3rd. Howard Weil downgraded shares of Helmerich & Payne from a “sector outperform” rating to a “sector perform” rating in a research note on Tuesday, May 3rd. Scotiabank downgraded shares of Helmerich & Payne from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, May 3rd. Finally, Nomura increased their target price on shares of Helmerich & Payne from $63.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday, May 3rd. Six research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $59.11.

The stock has a 50-day moving average price of $64.54 and a 200-day moving average price of $60.65. The firm’s market capitalization is $6.94 billion.

Helmerich & Payne (NYSE:HP) last released its earnings results on Thursday, July 28th. The company reported ($0.47) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.41) by $0.06. The company had revenue of $366.50 million for the quarter, compared to analysts’ expectations of $298.71 million. The business’s revenue for the quarter was down 44.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 EPS. On average, equities research analysts predict that Helmerich & Payne Inc. will post ($1.16) earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Monday, August 15th will be paid a dividend of $0.70 per share. This is a boost from Helmerich & Payne’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.36%.

In related news, CEO John W. Lindsay sold 19,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 145,512 shares in the company, valued at $9,803,143.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of institutional investors have made changes to their positions in HP. I.G. Investment Management LTD. increased its position in shares of Helmerich & Payne by 0.4% in the fourth quarter. I.G. Investment Management LTD. now owns 236,710 shares of the company’s stock worth $12,676,000 after buying an additional 1,000 shares during the period. Victory Capital Management Inc. increased its position in shares of Helmerich & Payne by 27.4% in the fourth quarter. Victory Capital Management Inc. now owns 23,515 shares of the company’s stock worth $1,259,000 after buying an additional 5,058 shares during the period. US Bancorp DE increased its position in shares of Helmerich & Payne by 34.0% in the fourth quarter. US Bancorp DE now owns 59,792 shares of the company’s stock worth $3,201,000 after buying an additional 15,185 shares during the period. Airain ltd increased its position in shares of Helmerich & Payne by 92.7% in the fourth quarter. Airain ltd now owns 108,420 shares of the company’s stock worth $5,806,000 after buying an additional 52,164 shares during the period. Finally, American International Group Inc. increased its position in shares of Helmerich & Payne by 40.2% in the fourth quarter. American International Group Inc. now owns 5,805,347 shares of the company’s stock worth $310,877,000 after buying an additional 1,664,018 shares during the period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.