Helmerich & Payne, Inc. (HP) to Issue Quarterly Dividend of $0.25 on February 28th

Helmerich & Payne, Inc. (NYSE:HP) declared a quarterly dividend on Wednesday, December 11th,Wall Street Journal reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.25 per share by the oil and gas company on Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Friday, February 14th.

Helmerich & Payne has a dividend payout ratio of 27.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Helmerich & Payne to earn $3.43 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 29.2%.

Helmerich & Payne Trading Down 0.5 %

HP stock opened at $27.30 on Wednesday. Helmerich & Payne has a one year low of $26.61 and a one year high of $44.11. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.81 and a quick ratio of 2.40. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of 8.98, a price-to-earnings-growth ratio of 3.41 and a beta of 1.37. The company has a fifty day moving average price of $32.80 and a two-hundred day moving average price of $33.49.

Helmerich & Payne (NYSE:HP) last posted its earnings results on Wednesday, February 5th. The oil and gas company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. Helmerich & Payne had a return on equity of 11.31% and a net margin of 11.02%. Equities analysts anticipate that Helmerich & Payne will post 3.11 EPS for the current year.

Insider Buying and Selling at Helmerich & Payne

In other Helmerich & Payne news, Director Belgacem Chariag bought 37,356 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were purchased at an average price of $27.08 per share, for a total transaction of $1,011,600.48. Following the completion of the transaction, the director now directly owns 54,606 shares in the company, valued at approximately $1,478,730.48. The trade was a 216.56 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO John W. Lindsay bought 20,000 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was acquired at an average price of $27.55 per share, for a total transaction of $551,000.00. Following the transaction, the chief executive officer now owns 691,214 shares of the company’s stock, valued at approximately $19,042,945.70. The trade was a 2.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 4.51% of the company’s stock.

Analyst Ratings Changes

HP has been the subject of a number of research reports. Citigroup raised Helmerich & Payne from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $33.00 to $40.00 in a report on Friday, January 10th. Barclays dropped their target price on Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating for the company in a report on Wednesday, November 20th. Royal Bank of Canada dropped their target price on Helmerich & Payne from $41.00 to $35.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. Evercore ISI reaffirmed an “in-line” rating and issued a $39.00 price target (down previously from $48.00) on shares of Helmerich & Payne in a research note on Wednesday, January 15th. Finally, Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Helmerich & Payne presently has an average rating of “Hold” and an average price target of $38.75.

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.