National Planning Corp Purchases 200 Shares of Helmerich & Payne, Inc. (HP)
National Planning Corp boosted its position in Helmerich & Payne, Inc. (NYSE:HP) by 5.1% during the second quarter, Holdings Channel reports. The firm owned 4,085 shares of the oil and gas company’s stock after buying an additional 200 shares during the period. National Planning Corp’s holdings in Helmerich & Payne were worth $228,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Ameritas Investment Partners Inc. purchased a new stake in Helmerich & Payne during the first quarter worth $172,000. Mn Services Vermogensbeheer B.V. increased its position in shares of Helmerich & Payne by 4.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,885 shares of the oil and gas company’s stock worth $180,000 after buying an additional 116 shares during the last quarter. Marshall Wace North America L.P. bought a new position in shares of Helmerich & Payne during the first quarter worth $209,000. Tompkins Financial Corp increased its position in shares of Helmerich & Payne by 244.4% in the first quarter. Tompkins Financial Corp now owns 3,375 shares of the oil and gas company’s stock worth $198,000 after buying an additional 2,395 shares during the last quarter. Finally, Meridian Wealth Management LLC bought a new position in shares of Helmerich & Payne during the first quarter worth $236,000.
Shares of Helmerich & Payne, Inc. (NYSE:HP) opened at 45.58 on Wednesday. Helmerich & Payne, Inc. has a one year low of $45.06 and a one year high of $85.78. The stock’s 50 day moving average price is $52.14 and its 200 day moving average price is $60.19. The firm’s market cap is $4.95 billion.
Helmerich & Payne (NYSE:HP) last announced its earnings results on Thursday, July 27th. The oil and gas company reported ($0.25) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.30) by $0.05. The company had revenue of $498.60 million for the quarter, compared to analyst estimates of $452.42 million. Helmerich & Payne had a negative return on equity of 3.37% and a negative net margin of 11.19%. The firm’s quarterly revenue was up 36.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.20) earnings per share. On average, equities analysts anticipate that Helmerich & Payne, Inc. will post ($1.32) earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be paid a dividend of $0.70 per share. The ex-dividend date is Wednesday, August 16th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 6.14%. Helmerich & Payne’s dividend payout ratio (DPR) is currently -167.66%.
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HP has been the topic of a number of recent analyst reports. Jefferies Group LLC raised Helmerich & Payne from an “underperform” rating to a “hold” rating and cut their price objective for the company from $55.00 to $54.00 in a research note on Wednesday, May 3rd. Credit Suisse Group reissued a “hold” rating and issued a $63.00 price objective on shares of Helmerich & Payne in a research note on Tuesday, May 2nd. Morgan Stanley downgraded Helmerich & Payne from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $85.00 to $56.00 in a research note on Wednesday, June 21st. BMO Capital Markets reissued a “sell” rating and issued a $54.00 price objective on shares of Helmerich & Payne in a research note on Thursday, June 22nd. Finally, Cowen and Company reissued a “hold” rating and issued a $50.00 price objective on shares of Helmerich & Payne in a research note on Friday, August 11th. Seven investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $56.77.
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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