Helmerich & Payne, Inc. (NYSE:HP) Director Chapman Paula Marshall sold 2,555 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $57.80, for a total value of $147,679.00. Following the sale, the director now directly owns 12,525 shares in the company, valued at approximately $723,945. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Helmerich & Payne, Inc. (NYSE HP) opened at $57.99 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.19 and a current ratio of 3.59. Helmerich & Payne, Inc. has a 1 year low of $42.16 and a 1 year high of $81.30.

Helmerich & Payne (NYSE:HP) last announced its quarterly earnings data on Thursday, November 16th. The oil and gas company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.05. The firm had revenue of $532.30 million for the quarter, compared to analyst estimates of $493.78 million. Helmerich & Payne had a negative return on equity of 2.96% and a negative net margin of 7.16%. The company’s revenue was up 60.5% on a year-over-year basis. During the same period in the prior year, the company earned ($0.33) EPS. equities analysts anticipate that Helmerich & Payne, Inc. will post -0.43 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Monday, February 12th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, February 9th. This represents a $2.80 annualized dividend and a dividend yield of 4.83%. Helmerich & Payne’s dividend payout ratio (DPR) is presently -233.33%.

HP has been the topic of a number of recent research reports. Zacks Investment Research cut Helmerich & Payne from a “buy” rating to a “hold” rating in a report on Monday, December 4th. J P Morgan Chase & Co dropped their price objective on Helmerich & Payne from $44.00 to $38.00 and set an “underweight” rating on the stock in a report on Tuesday, September 12th. B. Riley reissued a “neutral” rating on shares of Helmerich & Payne in a report on Wednesday, November 1st. Royal Bank of Canada reissued a “sector perform” rating and set a $53.00 price objective (down previously from $65.00) on shares of Helmerich & Payne in a report on Friday, September 8th. Finally, BMO Capital Markets reaffirmed a “sell” rating on shares of Helmerich & Payne in a report on Friday, October 13th. Eight research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the stock. Helmerich & Payne presently has a consensus rating of “Hold” and an average target price of $54.92.

Several institutional investors have recently made changes to their positions in the company. Neuberger Berman Group LLC increased its position in shares of Helmerich & Payne by 664.5% during the 3rd quarter. Neuberger Berman Group LLC now owns 716,399 shares of the oil and gas company’s stock valued at $37,332,000 after purchasing an additional 622,696 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Helmerich & Payne by 49.5% during the 3rd quarter. California Public Employees Retirement System now owns 366,038 shares of the oil and gas company’s stock valued at $19,074,000 after purchasing an additional 121,138 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Helmerich & Payne during the 3rd quarter valued at about $241,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Helmerich & Payne by 17.0% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,961 shares of the oil and gas company’s stock valued at $571,000 after purchasing an additional 1,590 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Helmerich & Payne during the 3rd quarter valued at about $329,000.

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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.

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