Helmerich & Payne (NYSE:HP) was upgraded by equities researchers at Seaport Global Securities from a “sell” rating to a “neutral” rating in a report released on Friday, The Fly reports. The firm presently has a $64.00 target price on the oil and gas company’s stock, up from their prior target price of $61.00. Seaport Global Securities’ target price would suggest a potential upside of 1.70% from the stock’s current price.

HP has been the subject of a number of other research reports. Zacks Investment Research upgraded Helmerich & Payne from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a report on Wednesday, November 21st. SunTrust Banks raised Helmerich & Payne from a “sell” rating to a “buy” rating and upped their price target for the stock from $58.00 to $75.00 in a research report on Monday, November 19th. B. Riley set a $83.00 target price on Helmerich & Payne and gave the company a “buy” rating in a research report on Sunday, October 7th. Cowen reissued a “hold” rating and issued a $61.00 target price on shares of Helmerich & Payne in a research report on Monday. Finally, Piper Jaffray Companies set a $69.00 target price on Helmerich & Payne and gave the company a “hold” rating in a research report on Monday, November 26th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $72.11.

Shares of Helmerich & Payne stock traded up $2.77 during trading hours on Friday, hitting $62.93. The company’s stock had a trading volume of 4,279 shares, compared to its average volume of 1,287,440. Helmerich & Payne has a 12-month low of $56.31 and a 12-month high of $75.02. The company has a market capitalization of $6.61 billion, a price-to-earnings ratio of 447.64 and a beta of 1.30. The company has a quick ratio of 2.54, a current ratio of 2.96 and a debt-to-equity ratio of 0.11.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings data on Thursday, November 15th. The oil and gas company reported $0.19 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $683.89 million. On average, equities analysts expect that Helmerich & Payne will post 1.74 earnings per share for the current year.

In other news, VP John R. Bell sold 13,000 shares of the stock in a transaction dated Monday, November 26th. The shares were sold at an average price of $60.17, for a total transaction of $782,210.00. Following the sale, the vice president now directly owns 63,375 shares of the company’s stock, valued at approximately $3,813,273.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Chapman Paula Marshall sold 11,309 shares of the firm’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $65.13, for a total transaction of $736,555.17. Following the completion of 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. Over the last three months, insiders have sold 54,309 shares of company stock worth $3,618,765. Corporate insiders own 4.10% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in shares of Helmerich & Payne by 0.6% during the 3rd quarter. BlackRock Inc. now owns 10,149,341 shares of the oil and gas company’s stock worth $697,971,000 after buying an additional 56,769 shares during the last quarter. Capital World Investors increased its holdings in shares of Helmerich & Payne by 5.6% during the 3rd quarter. Capital World Investors now owns 5,591,400 shares of the oil and gas company’s stock worth $384,521,000 after buying an additional 295,400 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Helmerich & Payne by 2.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,939,321 shares of the oil and gas company’s stock worth $187,411,000 after buying an additional 58,078 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Helmerich & Payne by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,737,350 shares of the oil and gas company’s stock worth $174,549,000 after buying an additional 40,868 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Helmerich & Payne by 71.4% during the 3rd quarter. Janus Henderson Group PLC now owns 1,179,228 shares of the oil and gas company’s stock worth $81,095,000 after buying an additional 491,300 shares during the last quarter. Institutional investors own 90.68% of the company’s stock.

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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