Jupiter Topco LLC Takes $1.37 Million Position in Helmerich & Payne, Inc. $HP

Jupiter Topco LLC acquired a new position in Helmerich & Payne, Inc. (NYSE:HP) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 41,883 shares of the oil and gas company’s stock, valued at approximately $1,372,000.

A number of other institutional investors also recently bought and sold shares of the stock. Aventail Capital Group LP bought a new position in shares of Helmerich & Payne during the 4th quarter valued at approximately $5,464,000. UBS Group AG raised its stake in Helmerich & Payne by 17.5% during the 4th quarter. UBS Group AG now owns 1,215,192 shares of the oil and gas company’s stock worth $34,852,000 after acquiring an additional 180,638 shares during the period. Cadence Wealth Management LLC purchased a new position in Helmerich & Payne during the second quarter valued at approximately $1,416,000. Corigliano Investment Advisers LLC purchased a new position in Helmerich & Payne during the fourth quarter valued at approximately $8,573,000. Finally, Deutsche Bank AG bought a new position in shares of Helmerich & Payne in the second quarter worth approximately $5,970,000. 96.05% of the stock is owned by institutional investors.

Helmerich & Payne Stock Performance

Shares of Helmerich & Payne stock opened at $44.33 on Friday. The stock’s fifty day moving average is $37.62 and its two-hundred day moving average is $36.99. The company has a market capitalization of $4.43 billion, a PE ratio of -31.44 and a beta of 0.66. The company has a quick ratio of 1.55, a current ratio of 1.96 and a debt-to-equity ratio of 0.69. Helmerich & Payne, Inc. has a 52 week low of $19.62 and a 52 week high of $48.17.

Helmerich & Payne (NYSE:HP) last released its earnings results on Wednesday, August 5th. The oil and gas company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.20). The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $987.70 million. Helmerich & Payne had a negative return on equity of 2.35% and a negative net margin of 3.43%.The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 earnings per share. As a group, analysts expect that Helmerich & Payne, Inc. will post -0.18 earnings per share for the current year.

Insider Transactions at Helmerich & Payne

In other news, Director Hans Helmerich sold 94,470 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $43.90, for a total transaction of $4,147,233.00. Following the transaction, the director owned 20,000 shares in the company, valued at approximately $878,000. This trade represents a 82.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Cara Hair sold 11,149 shares of Helmerich & Payne stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $44.27, for a total value of $493,566.23. Following the completion of the sale, the senior vice president owned 136,095 shares of the company’s stock, valued at $6,024,925.65. The trade was a 7.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 110,673 shares of company stock valued at $4,864,590. 4.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Susquehanna lifted their target price on Helmerich & Payne from $40.00 to $44.00 and gave the company a “positive” rating in a research note on Friday, August 7th. The Goldman Sachs Group raised their price objective on Helmerich & Payne from $35.00 to $41.00 and gave the company a “neutral” rating in a research report on Wednesday, June 3rd. Weiss Ratings downgraded shares of Helmerich & Payne from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, August 27th. Morgan Stanley increased their price objective on shares of Helmerich & Payne from $36.00 to $41.00 and gave the company an “underweight” rating in a research report on Thursday, August 20th. Finally, Wall Street Zen raised shares of Helmerich & Payne from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Helmerich & Payne presently has an average rating of “Hold” and an average price target of $42.20.

Helmerich & Payne Profile

Helmerich & Payne, Inc is a leading provider of contract drilling services to the oil and gas industry, specializing primarily in onshore drilling operations. The company designs, engineers and operates a fleet of advanced drilling rigs, including its proprietary FlexRigs, which are engineered for high efficiency, safety and rapid mobilization. Alongside core drilling services, Helmerich & Payne offers well intervention, workover and coiled tubing services, positioning itself as a comprehensive drilling solutions partner for exploration and production companies worldwide.

Founded in 1920 and headquartered in Tulsa, Oklahoma, Helmerich & Payne has grown through innovation and strategic expansion to serve diverse hydrocarbon basins.