Credit Suisse Group upgraded shares of Helmerich & Payne (NYSE:HP) from an underperform rating to a neutral rating in a research report sent to investors on Monday morning, Marketbeat reports. The firm currently has $65.00 price target on the oil and gas company’s stock, up from their prior price target of $63.00.

Several other equities analysts have also recently issued reports on the company. BMO Capital Markets restated a sell rating and set a $62.00 price objective on shares of Helmerich & Payne in a research note on Sunday, October 21st. Royal Bank of Canada upgraded Helmerich & Payne from a sector perform rating to an outperform rating and set a $90.00 price objective on the stock in a research note on Thursday, September 20th. B. Riley upgraded Helmerich & Payne from a neutral rating to a buy rating and raised their price objective for the stock from $68.00 to $83.00 in a research note on Monday, September 24th. Morgan Stanley set a $71.00 price objective on Helmerich & Payne and gave the stock a sell rating in a research note on Thursday, October 11th. Finally, JPMorgan Chase & Co. upgraded Helmerich & Payne from an underweight rating to a neutral rating and raised their price objective for the stock from $49.00 to $58.00 in a research note on Friday, September 14th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company’s stock. Helmerich & Payne currently has a consensus rating of Hold and an average price target of $73.24.

Helmerich & Payne stock opened at $60.09 on Monday. The company has a market cap of $6.63 billion, a PE ratio of 552.64 and a beta of 1.30. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.96 and a quick ratio of 2.57. Helmerich & Payne has a 52 week low of $54.00 and a 52 week high of $75.02.

Helmerich & Payne (NYSE:HP) last released its earnings results on Thursday, November 15th. The oil and gas company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.01. Helmerich & Payne had a return on equity of 0.41% and a net margin of 19.41%. The company had revenue of $696.83 million during the quarter, compared to analysts’ expectations of $683.89 million. As a group, analysts forecast that Helmerich & Payne will post 1.68 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Monday, November 12th will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 4.73%. The ex-dividend date is Thursday, November 8th. Helmerich & Payne’s dividend payout ratio is presently 2,028.57%.

In other news, CEO John W. Lindsay sold 30,000 shares of the firm’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $70.00, for a total transaction of $2,100,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Chapman Paula Marshall sold 11,309 shares of the firm’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $65.13, for a total value of $736,555.17. Following the transaction, the director now directly owns 14,874 shares in the company, valued at $968,743.62. The disclosure for this sale can be found here. 4.10% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Helmerich & Payne by 0.6% during the third quarter. BlackRock Inc. now owns 10,149,341 shares of the oil and gas company’s stock valued at $697,971,000 after purchasing an additional 56,769 shares during the period. Capital World Investors increased its holdings in shares of Helmerich & Payne by 5.6% during the third quarter. Capital World Investors now owns 5,591,400 shares of the oil and gas company’s stock valued at $384,521,000 after purchasing an additional 295,400 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Helmerich & Payne by 2.0% during the second quarter. Bank of New York Mellon Corp now owns 2,939,321 shares of the oil and gas company’s stock valued at $187,411,000 after purchasing an additional 58,078 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Helmerich & Payne by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,737,350 shares of the oil and gas company’s stock valued at $174,549,000 after purchasing an additional 40,868 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in shares of Helmerich & Payne by 71.4% during the third quarter. Janus Henderson Group PLC now owns 1,179,228 shares of the oil and gas company’s stock valued at $81,095,000 after purchasing an additional 491,300 shares during the period. 90.07% of the stock is currently owned by institutional investors.

Helmerich & Payne Company Profile

Helmerich & Payne, Inc primarily engages in drilling oil and gas wells for exploration and production companies. The company operates through U.S. Land, Offshore, and International Land segments. The U.S. Land segment drills primarily in Colorado, Louisiana, Ohio, Oklahoma, New Mexico, North Dakota, Pennsylvania, Texas, Utah, West Virginia, and Wyoming.

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Analyst Recommendations for Helmerich & Payne (NYSE:HP)

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