Helmerich & Payne, Inc. (NYSE:HP) Short Interest Update

Helmerich & Payne, Inc. (NYSE:HP) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 12,720,000 shares, a growth of 7.9% from the October 31st total of 11,790,000 shares. Currently, 13.4% of the shares of the stock are sold short. Based on an average trading volume of 1,620,000 shares, the days-to-cover ratio is presently 7.9 days.

Analyst Upgrades and Downgrades

HP has been the subject of several research analyst reports. Benchmark reiterated a “hold” rating on shares of Helmerich & Payne in a research report on Thursday, November 21st. Barclays dropped their target price on shares of Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 20th. The Goldman Sachs Group dropped their target price on shares of Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating for the company in a research report on Thursday, August 29th. Citigroup dropped their target price on shares of Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, September 13th. Finally, Royal Bank of Canada dropped their target price on shares of Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating for the company in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Helmerich & Payne has a consensus rating of “Hold” and a consensus price target of $38.57.

Institutional Trading of Helmerich & Payne

Several large investors have recently added to or reduced their stakes in HP. American Century Companies Inc. boosted its holdings in Helmerich & Payne by 38.1% in the second quarter. American Century Companies Inc. now owns 1,862,362 shares of the oil and gas company’s stock valued at $67,306,000 after acquiring an additional 513,647 shares in the last quarter. Earnest Partners LLC boosted its holdings in shares of Helmerich & Payne by 15.7% during the 2nd quarter. Earnest Partners LLC now owns 3,469,609 shares of the oil and gas company’s stock valued at $125,392,000 after buying an additional 471,420 shares in the last quarter. LSV Asset Management boosted its holdings in shares of Helmerich & Payne by 51.7% during the 2nd quarter. LSV Asset Management now owns 1,189,318 shares of the oil and gas company’s stock valued at $42,982,000 after buying an additional 405,179 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Helmerich & Payne by 9.4% during the 2nd quarter. Pacer Advisors Inc. now owns 3,826,851 shares of the oil and gas company’s stock valued at $138,302,000 after buying an additional 327,802 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Helmerich & Payne by 1,241.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 348,571 shares of the oil and gas company’s stock valued at $10,604,000 after buying an additional 322,578 shares in the last quarter. Institutional investors own 96.05% of the company’s stock.

Helmerich & Payne Price Performance

Shares of HP stock traded up $0.08 during trading hours on Tuesday, hitting $35.26. 1,512,183 shares of the company’s stock were exchanged, compared to its average volume of 1,383,509. The company has a market capitalization of $3.48 billion, a PE ratio of 10.25, a PEG ratio of 4.30 and a beta of 1.39. Helmerich & Payne has a 12-month low of $29.46 and a 12-month high of $44.11. The business’s 50 day simple moving average is $34.20 and its 200-day simple moving average is $34.81. The company has a current ratio of 2.67, a quick ratio of 2.40 and a debt-to-equity ratio of 0.61.

Helmerich & Payne (NYSE:HP) last issued its earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 EPS for the quarter, hitting the consensus estimate of $0.76. The company had revenue of $693.79 million for the quarter, compared to the consensus estimate of $695.99 million. Helmerich & Payne had a net margin of 12.48% and a return on equity of 12.44%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 earnings per share. On average, equities research analysts anticipate that Helmerich & Payne will post 3.12 earnings per share for the current year.

Helmerich & Payne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend was Monday, November 18th. Helmerich & Payne’s dividend payout ratio (DPR) is currently 29.07%.

Helmerich & Payne Company Profile

Founded in 1920, Helmerich & Payne, Inc (H&P) (NYSE: HP) is committed to delivering industry leading levels of drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for its customers and returns for shareholders.