Cara Hair Sells 11,149 Shares of Helmerich & Payne (NYSE:HP) Stock

Helmerich & Payne, Inc. (NYSE:HP) SVP Cara Hair sold 11,149 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $44.27, for a total value of $493,566.23. Following the sale, the senior vice president directly 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 sale was disclosed in a legal filing with the SEC, which is available at this link.

Helmerich & Payne Trading Down 1.1%

Shares of HP traded down $0.51 during midday trading on Tuesday, hitting $44.21. 927,738 shares of the stock were exchanged, compared to its average volume of 1,411,512. The stock has a fifty day simple moving average of $35.47 and a 200 day simple moving average of $36.08. Helmerich & Payne, Inc. has a 52-week low of $17.35 and a 52-week high of $45.00. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.55 and a current ratio of 1.96. The firm has a market cap of $4.42 billion, a P/E ratio of -31.36 and a beta of 0.61.

Helmerich & Payne (NYSE:HP) last announced 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). Helmerich & Payne had a negative return on equity of 2.35% and a negative net margin of 3.43%.The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $987.70 million. During the same period in the previous year, the company earned $0.22 earnings per share. Helmerich & Payne’s quarterly revenue was down .6% on a year-over-year basis. On average, research analysts anticipate that Helmerich & Payne, Inc. will post -0.12 EPS for the current fiscal year.

Helmerich & Payne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $1.00 dividend on an annualized basis and a yield of 2.3%. Helmerich & Payne’s payout ratio is currently -70.92%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on HP shares. Royal Bank Of Canada increased their target price on Helmerich & Payne from $38.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Weiss Ratings raised Helmerich & Payne from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 12th. The Goldman Sachs Group increased their price target on Helmerich & Payne from $35.00 to $41.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Wall Street Zen upgraded shares of Helmerich & Payne from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Morgan Stanley reissued an “underweight” rating and set a $36.00 target price on shares of Helmerich & Payne in a research report on Wednesday, July 15th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $40.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its stake in Helmerich & Payne by 2,433.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,647 shares of the oil and gas company’s stock valued at $25,000 after purchasing an additional 1,582 shares during the last quarter. Leonteq Securities AG acquired a new stake in Helmerich & Payne in the 4th quarter worth approximately $26,000. Parallel Advisors LLC boosted its holdings in shares of Helmerich & Payne by 407.1% during the 3rd quarter. Parallel Advisors LLC now owns 2,226 shares of the oil and gas company’s stock worth $49,000 after buying an additional 1,787 shares during the period. Hantz Financial Services Inc. lifted its position in shares of Helmerich & Payne by 24.3% during the 4th quarter. Hantz Financial Services Inc. now owns 2,276 shares of the oil and gas company’s stock worth $65,000 after purchasing an additional 445 shares during the last quarter. Finally, Strs Ohio bought a new stake in shares of Helmerich & Payne in the first quarter valued at approximately $101,000. Institutional investors own 96.05% of the company’s stock.

Helmerich & Payne Company 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.