Helmerich & Payne, Inc. (NYSE:HP) CEO John W. Lindsay bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were acquired at an average cost of $47.73 per share, with a total value of $238,650.00. Following the transaction, the chief executive officer now owns 147,727 shares in the company, valued at approximately $7,051,009.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Helmerich & Payne, Inc. (HP) traded up 1.26% during trading on Thursday, hitting $49.91. The stock had a trading volume of 1,035,328 shares. The company’s 50-day moving average is $46.60 and its 200 day moving average is $56.76. Helmerich & Payne, Inc. has a 52 week low of $42.16 and a 52 week high of $85.78. The firm’s market cap is $5.42 billion.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings results on Thursday, July 27th. The oil and gas company reported ($0.25) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.05. The company had revenue of $498.60 million for the quarter, compared to the consensus estimate of $452.42 million. Helmerich & Payne had a negative return on equity of 3.37% and a negative net margin of 11.19%. The company’s revenue for the quarter was up 36.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.20) EPS. Equities analysts expect that Helmerich & Payne, Inc. will post ($1.30) EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 13th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 5.68%. The ex-dividend date is Friday, November 10th. Helmerich & Payne’s dividend payout ratio is currently -167.66%.

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HP has been the subject of a number of research analyst reports. Iberia Capital downgraded shares of Helmerich & Payne from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $74.00 to $55.00 in a research report on Monday, July 31st. Sanford C. Bernstein reissued an “outperform” rating and set a $66.00 target price on shares of Helmerich & Payne in a research report on Wednesday, September 6th. BidaskClub raised shares of Helmerich & Payne from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. BMO Capital Markets dropped their target price on shares of Helmerich & Payne from $54.00 to $40.00 and set an “underperform” rating for the company in a research report on Friday, July 14th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Helmerich & Payne from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $63.00 to $45.00 in a research report on Monday, May 22nd. Eight analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. Helmerich & Payne has a consensus rating of “Hold” and a consensus target price of $57.96.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Sentry Investment Management LLC increased its position in Helmerich & Payne by 14.9% in the 2nd quarter. Sentry Investment Management LLC now owns 8,218 shares of the oil and gas company’s stock worth $447,000 after buying an additional 1,066 shares during the period. Toronto Dominion Bank increased its position in Helmerich & Payne by 25.6% in the 2nd quarter. Toronto Dominion Bank now owns 36,779 shares of the oil and gas company’s stock worth $1,998,000 after buying an additional 7,488 shares during the period. Advisory Services Network LLC increased its position in Helmerich & Payne by 14.5% in the 2nd quarter. Advisory Services Network LLC now owns 5,479 shares of the oil and gas company’s stock worth $298,000 after buying an additional 693 shares during the period. Public Employees Retirement System of Ohio increased its position in Helmerich & Payne by 6.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 47,298 shares of the oil and gas company’s stock worth $2,570,000 after buying an additional 2,884 shares during the period. Finally, Sterling Capital Management LLC increased its position in Helmerich & Payne by 66.9% in the 2nd quarter. Sterling Capital Management LLC now owns 33,438 shares of the oil and gas company’s stock worth $1,817,000 after buying an additional 13,405 shares during the period.

About Helmerich & Payne

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.

Insider Buying and Selling by Quarter for Helmerich & Payne (NYSE:HP)

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