Investec Asset Management LTD Takes Position in Helmerich & Payne, Inc. (HP)
Investec Asset Management LTD purchased a new stake in shares of Helmerich & Payne, Inc. (NYSE:HP) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 481,707 shares of the oil and gas company’s stock, valued at approximately $31,138,000.
Several other hedge funds have also added to or reduced their stakes in the company. McCollum Christoferson Group LLC bought a new position in Helmerich & Payne during the fourth quarter worth $209,000. IFM Investors Pty Ltd bought a new position in Helmerich & Payne during the fourth quarter worth $215,000. Eads & Heald Investment Counsel bought a new position in Helmerich & Payne during the fourth quarter worth $216,000. Sandy Spring Bank raised its stake in Helmerich & Payne by 36.7% during the third quarter. Sandy Spring Bank now owns 3,540 shares of the oil and gas company’s stock worth $184,000 after buying an additional 950 shares during the last quarter. Finally, Greenleaf Trust bought a new position in Helmerich & Payne during the fourth quarter worth $230,000.
A number of equities analysts recently weighed in on the stock. Stephens assumed coverage on shares of Helmerich & Payne in a research note on Tuesday, January 9th. They set an “equal weight” rating and a $67.00 target price for the company. Sanford C. Bernstein downgraded shares of Helmerich & Payne from an “outperform” rating to a “market perform” rating in a research note on Monday, January 29th. Zacks Investment Research downgraded shares of Helmerich & Payne from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. UBS Group downgraded shares of Helmerich & Payne from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a research note on Friday, January 12th. Finally, Jefferies Group reissued a “hold” rating and set a $69.00 target price on shares of Helmerich & Payne in a research note on Thursday, January 25th. Seven analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $57.68.
Helmerich & Payne, Inc. (NYSE:HP) opened at $66.79 on Friday. The stock has a market cap of $7,095.94, a PE ratio of 18.15 and a beta of 1.31. Helmerich & Payne, Inc. has a twelve month low of $42.16 and a twelve month high of $75.02. The company has a current ratio of 3.28, a quick ratio of 2.89 and a debt-to-equity ratio of 0.11.
Helmerich & Payne (NYSE:HP) last issued its quarterly earnings data on Thursday, January 25th. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.14. The firm had revenue of $564.10 million during the quarter, compared to analysts’ expectations of $547.64 million. Helmerich & Payne had a net margin of 20.30% and a negative return on equity of 1.90%. The business’s revenue was up 53.0% on a year-over-year basis. During the same period last year, the company earned ($0.33) earnings per share.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Monday, February 12th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date was Friday, February 9th. Helmerich & Payne’s dividend payout ratio is currently 76.09%.
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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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