Helmerich & Payne, Inc. (NYSE:HP) shares gapped up prior to trading on Tuesday . The stock had previously closed at $50.49, but opened at $47.40. Helmerich & Payne shares last traded at $45.99, with a volume of 88,530 shares trading hands.

A number of analysts have recently commented on the company. Evercore ISI started coverage on Helmerich & Payne in a report on Thursday, June 6th. They set an “outperform” rating for the company. AltaCorp Capital restated an “outperform” rating on shares of Helmerich & Payne in a research note on Thursday, June 20th. TheStreet cut shares of Helmerich & Payne from a “b-” rating to a “c+” rating in a report on Tuesday, May 28th. Piper Jaffray Companies decreased their price objective on shares of Helmerich & Payne from $57.00 to $52.50 and set an “overweight” rating for the company in a research note on Tuesday, July 30th. Finally, B. Riley reissued a “buy” rating and set a $63.00 target price (down previously from $83.00) on shares of Helmerich & Payne in a research note on Friday, August 2nd. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. Helmerich & Payne has a consensus rating of “Hold” and a consensus target price of $58.42.

The company has a market capitalization of $4.74 billion, a PE ratio of 309.50, a PEG ratio of 1.30 and a beta of 1.57. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.86 and a quick ratio of 2.47. The firm has a 50-day moving average of $40.67 and a 200 day moving average of $50.68.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings data on Wednesday, July 24th. The oil and gas company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.05. Helmerich & Payne had a positive return on equity of 4.06% and a negative net margin of 2.54%. The business had revenue of $687.97 million for the quarter, compared to the consensus estimate of $689.41 million. During the same quarter in the previous year, the company posted ($0.01) EPS. The company’s revenue was up 6.0% compared to the same quarter last year. Equities analysts expect that Helmerich & Payne, Inc. will post 1.51 EPS for the current year.

The firm also recently declared a — dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 11th will be given a dividend of $0.71 per share. The ex-dividend date is Thursday, November 7th. This represents a yield of 7.4%. Helmerich & Payne’s dividend payout ratio is currently 2,028.57%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nomura Holdings Inc. purchased a new stake in Helmerich & Payne during the 2nd quarter worth about $1,930,000. Anchor Bolt Capital LP boosted its position in Helmerich & Payne by 3.9% in the 2nd quarter. Anchor Bolt Capital LP now owns 280,316 shares of the oil and gas company’s stock valued at $14,190,000 after buying an additional 10,557 shares during the last quarter. Northern Trust Corp lifted its holdings in Helmerich & Payne by 3.8% in the second quarter. Northern Trust Corp now owns 1,307,637 shares of the oil and gas company’s stock worth $66,193,000 after acquiring an additional 47,878 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Helmerich & Payne by 4.8% in the second quarter. Bank of New York Mellon Corp now owns 1,788,824 shares of the oil and gas company’s stock valued at $90,551,000 after purchasing an additional 81,159 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its stake in shares of Helmerich & Payne by 3.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 11,635 shares of the oil and gas company’s stock valued at $589,000 after acquiring an additional 402 shares during the period. Institutional investors and hedge funds own 90.73% of the company’s stock.

Helmerich & Payne Company Profile (NYSE:HP)

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.

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