Helmerich & Payne (NYSE: HP)The share manager got his securities to "sell" the rating issued by BMA Capital Markets research analysts on Sunday, October 21. They now have a $ 62.00 target for oil and gas companies. BMO Capital Markets' price target is a potential for a 3.40% reduction in share capital.
Several other brokers have recently commented on HP. ValuEngine cut from Helmerich & Payne's "buy" rating to the "hold" rating in a research journal on Monday, July 16. Jefferies Financial Group presented Helmerich & Payne's "hold" rating to "buy" in a research journal on Wednesday, June 27. Zacks Investment Research presented Helmerich & Payne as a "hold" rating for the "buy" rating and set a $ 81.00 target for the company on Tuesday, 9 October. B. Riley set a price target of $ 83.00 for Helmerich & Payne and gave the company a "buy" price for the study sheet on Sunday, October 7th. Finally, JPMorgan Chase & Co introduced Helmerich & Payne's "underweight" rating as a neutral rating and confirmed the company's price target for $ 49.00 to $ 58.00 on Friday, September 14th. Three analysts belonging to the stock market have rated the sale of the equity stock by rating, nine have issued a credit rating and 12 have issued the company's rating. The company currently has an average "Hold" rating and an average target price of $ 72.00.
HP shares traded $ 0.38 in trading on Friday and were $ 64.18. The company's stock was 857,988 shares, when it averaged 1,415,803. The company's market value is $ 6.64 billion, the price-earnings ratio of -50.54 and beta 1.30. Helmerich & Payne is 1 year low for $ 52.53 and 1 year high for $ 75.02. The company's equity ratio is 0.11, the current ratio 2.97 and the quick ratio of 2.57.
In other news, CEO John W. Lindsay sold 30,000 shares in the stock market on 1 October. The stock was sold on average $ 70.00, with a total value of $ 2,100,000.00. The transaction was announced in a legitimate filing with Securities & Exchange Commission, which is available through this link. In addition, Director Chapman Paula Marshall sold 11,309 shares of the share capital at the event, which took place on Friday, September 14. The average number of shares sold was $ 65.13, totaling $ 736,555.17. At the end of the sale, the director now holds 14,874 shares of the company's share, worth $ 968,743.62. The details of this sale can be found here. 4.10% of the shares are owned by insiders.
Recently, several institutional investors and hedge funds have recently bought and sold the company's shares. Front Barnett Associates LLC increased its position in Helmerich & Payne shares by 0.8% in the second quarter. Front Barnett Associates LLC now owns 123,087 shares of an oil and gas company worth $ 7,848,000 after acquiring 990 new shares during the review period. Gabelli Funds LLC increased its share of Helmerich & Payne shares by 2.9% in the second quarter. Gabelli Funds LLC now owns 35,000 shares of an oil and gas company worth $ 2,222,000 after acquiring another 1,000 shares in the fourth quarter. Zurcher Kantonalbank Zürich Cantonalbank raised its share of Helmerich & Payne shares by 3.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,204 shares of an oil and gas company worth $ 1,735,000 after acquiring another 1,000 shares in the last quarter. US Bancorp DE increased its share of Helmerich & Payne shares by 0.5% in the second quarter. US Bancorp DE now owns 191,620 shares of an oil and gas company worth $ 12,218,000 after acquiring 1,011 new shares during the last quarter. Finally, GWM Advisors LLC increased its share of Helmerich & Payne shares by 23.0% in the third quarter. GWM Advisors LLC now owns 6,374 shares of an oil and gas company worth $ 438,000 after acquiring 1,141 new shares during the last quarter. 92.17% of the shares are owned by institutional investors.
About Helmerich & Payne
Helmerich & Payne, Inc. mainly carries out oil and well drilling for exploration and production companies. The company operates through the US Land, Offshore and International Land segments. The US land segment mainly operates in Colorado, Louisiana, Ohio, Oklahoma, New Mexico, North Dakota, Pennsylvania, Texas, Utah, West Virginia and Wyoming.
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