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Helmerich & Payne (NYSE: HP)'S stock had its "sell" rating at BMO Capital Markets in a report on Sunday, October 21st. They presently have a $ 62.00 price tag on the oil and gas company's stock. BMO Capital Markets' price target suggests a potential downside of 3.40% from the stock's previous close.
Several other brokerages have also recently commented on HP. ValuEngine cut Helmerich & Payne from a "buy" rating to a "hold" rating in a research note on Monday, July 16th. Jefferies Financial Group raised Helmerich & Payne from a "hold" rating to a "buy" rating in a research note on Wednesday, June 27th. Zacks Investment Research Raised Helmerich & Payne from a "hold" rating to a "buy" rating and set a $ 81.00 price tag for the company in a research note on Tuesday, October 9th. B. Riley set a $ 83.00 price tag on Helmerich & Payne and gave the company a "buy" rating in a research on Sunday, October 7th. Finally, JPMorgan Chase & Co., Raised Helmerich & Payne from an "underweight" rating to a "neutral" rating and boosted their price for the company from $ 49.00 to $ 58.00 in a research note on Friday, September 14th. Three equities research badysts have rated the value of a given rating, and have badigned a rating and a rating of twelve. The company presently has an average rating of "Hold" and an average target price of $ 72.00.
Shares of HP traded up $ 0.38 during trading hours on Friday, reaching $ 64.18. The company 's stock had a trading volume of 857,988 shares, compared to its average volume of 1,415,803. The company has a market capitalization of $ 6.64 billion, a price-to-earnings ratio of -50.54 and a beta of 1.30. Helmerich & Payne has 1-year low of $ 52.53 and a 1-year high of $ 75.02. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.97 and a quick ratio of 2.57.
In other news, CEO John W. Lindsay sold 30,000 shares of the stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $ 70.00, for a total value of $ 2,100,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paula Marshall Chapman sold 11,309 shares of the stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $ 65.13, for a total value of $ 736,555.17. 14,874 shares of the company's stock, valued at $ 968,743.62. The disclosure for this sale can be found here. 4.10% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Front Barnett Associates LLC boosted its position in shares of Helmerich & Payne by 0.8% in the second quarter. Front Barnett Associates LLC now owns 123,087 shares of the oil and gas company's stock value at $ 7,848,000 after acquiring an additional 990 shares during the period. Gabelli Funds LLC raised its share in shares of Helmerich & Payne by 2.9% in the second quarter. Gabelli Funds LLC now owns 35,000 shares of the oil and gas company's stock valued at $ 2,232,000 after purchasing an additional 1,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised shares in shares of Helmerich & Payne by 3.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,204 shares of the oil and gas company's stock value at $ 1,735,000 after purchasing an additional 1,001 shares in the last quarter. US Bancorp $ 0.5 million in the second quarter. US Bancorp OF now owns 191,620 shares of the oil and gas company's stock value at $ 12,218,000 after purchasing an additional 1,011 shares in the last quarter. Finally, GWM Advisors LLC raised its stake in shares of Helmerich & Payne by 23.0% in the third quarter. GWM Advisors LLC now owns 6,374 shares of the oil and gas company's stock at $ 438,000 after purchasing an additional 1,191 shares in the last quarter. 92.17% of the stock is owned by institutional investors.
About Helmerich & Payne
Helmerich & Payne, Inc primarily engaged in drilling oil and gas exploration and production companies. The company operates through U.S. Land, Offshore, and International Land segments. The U.S. Land segment drills primarily in Colorado, Louisiana, Ohio, Oklahoma, New Mexico, North Dakota, Pennsylvania, Texas, Utah, West Virginia, and Wyoming.
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