Dynamic Technology Lab Private Ltd acquired a new position in Helmerich & Payne, Inc. (NYSE:HP) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,587 shares of the oil and gas company’s stock, valued at approximately $239,000.
A number of other institutional investors have also made changes to their positions in the stock. Ameriprise Financial Inc. lifted its stake in Helmerich & Payne by 183.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 256,680 shares of the oil and gas company’s stock worth $13,376,000 after acquiring an additional 166,211 shares in the last quarter. SG Americas Securities LLC increased its position in Helmerich & Payne by 1,049.9% in the 3rd quarter. SG Americas Securities LLC now owns 26,470 shares of the oil and gas company’s stock worth $1,379,000 after purchasing an additional 24,168 shares during the last quarter. Commonwealth Equity Services Inc increased its position in Helmerich & Payne by 12.6% in the 3rd quarter. Commonwealth Equity Services Inc now owns 41,456 shares of the oil and gas company’s stock worth $2,160,000 after purchasing an additional 4,637 shares during the last quarter. First Dallas Securities Inc. increased its position in Helmerich & Payne by 46.2% in the 3rd quarter. First Dallas Securities Inc. now owns 27,028 shares of the oil and gas company’s stock worth $1,408,000 after purchasing an additional 8,543 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in Helmerich & Payne by 102.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 166,062 shares of the oil and gas company’s stock worth $8,653,000 after purchasing an additional 83,876 shares during the last quarter.
Several research analysts have weighed in on HP shares. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $66.00 target price on shares of Helmerich & Payne in a research report on Wednesday, September 6th. J P Morgan Chase & Co dropped their target price on Helmerich & Payne from $44.00 to $38.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 12th. Jefferies Group set a $50.00 target price on Helmerich & Payne and gave the stock a “hold” rating in a research report on Thursday, October 5th. Royal Bank Of Canada set a $57.00 target price on Helmerich & Payne and gave the stock a “sector perform” rating in a research report on Friday, November 17th. Finally, Societe Generale started coverage on Helmerich & Payne in a research report on Thursday, August 31st. They issued a “hold” rating and a $46.00 target price on the stock. Eight investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company. Helmerich & Payne presently has an average rating of “Hold” and an average price target of $54.92.
Helmerich & Payne (NYSE:HP) last issued its quarterly earnings data on Thursday, November 16th. The oil and gas company reported ($0.14) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.05. The business 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 firm’s revenue for the quarter was up 60.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.33) EPS. research analysts expect that Helmerich & Payne, Inc. will post -0.46 earnings per share for the current year.
In other Helmerich & Payne news, CEO John W. Lindsay bought 5,000 shares of the stock in a transaction on Tuesday, September 12th. The shares were purchased at an average price of $47.73 per share, with a total value of $238,650.00. Following the acquisition, the chief executive officer now directly owns 147,727 shares of the company’s stock, valued at approximately $7,051,009.71. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.90% of the company’s stock.
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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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