Helmerich & Payne (NYSE:HP) has been assigned a $65.00 price target by investment analysts at Jefferies Group in a note issued to investors on Thursday. The firm presently has a “hold” rating on the oil and gas company’s stock. Jefferies Group’s target price indicates a potential downside of 2.55% from the stock’s current price. Jefferies Group also issued estimates for Helmerich & Payne’s Q4 2018 earnings at $0.04 EPS.
A number of other equities research analysts have also issued reports on HP. B. Riley restated a “neutral” rating on shares of Helmerich & Payne in a report on Wednesday, November 1st. Citigroup upgraded shares of Helmerich & Payne from a “sell” rating to a “neutral” rating in a report on Thursday. SunTrust Banks restated a “sell” rating and set a $37.00 price target (down previously from $66.00) on shares of Helmerich & Payne in a report on Tuesday, October 3rd. Cowen set a $50.00 price target on shares of Helmerich & Payne and gave the company a “hold” rating in a report on Wednesday, October 18th. Finally, Royal Bank of Canada restated a “hold” rating and set a $53.00 price target on shares of Helmerich & Payne in a report on Wednesday, October 18th. Seven analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $55.67.
Shares of Helmerich & Payne (NYSE:HP) opened at $66.70 on Thursday. The company has a quick ratio of 3.19, a current ratio of 3.59 and a debt-to-equity ratio of 0.12. Helmerich & Payne has a fifty-two week low of $42.16 and a fifty-two week high of $81.30. The company has a market cap of $7,240.00, a P/E ratio of -56.05 and a beta of 1.30.
In other Helmerich & Payne news, Director Chapman Paula Marshall sold 2,555 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $57.80, for a total value of $147,679.00. Following the transaction, the director now owns 12,525 shares in the company, valued at approximately $723,945. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.90% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its position in Helmerich & Payne by 4.5% in the second quarter. BlackRock Inc. now owns 11,459,741 shares of the oil and gas company’s stock worth $622,721,000 after acquiring an additional 492,673 shares in the last quarter. Vanguard Group Inc. grew its position in Helmerich & Payne by 2.0% in the second quarter. Vanguard Group Inc. now owns 10,714,896 shares of the oil and gas company’s stock worth $582,248,000 after acquiring an additional 205,883 shares in the last quarter. Capital International Investors grew its position in Helmerich & Payne by 37.2% in the third quarter. Capital International Investors now owns 8,026,854 shares of the oil and gas company’s stock worth $418,279,000 after acquiring an additional 2,177,139 shares in the last quarter. State Street Corp grew its position in Helmerich & Payne by 2.7% in the second quarter. State Street Corp now owns 6,457,523 shares of the oil and gas company’s stock worth $350,901,000 after acquiring an additional 172,819 shares in the last quarter. Finally, Artisan Partners Limited Partnership grew its position in Helmerich & Payne by 68.8% in the second quarter. Artisan Partners Limited Partnership now owns 3,904,089 shares of the oil and gas company’s stock worth $212,148,000 after acquiring an additional 1,590,793 shares in the last quarter.
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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