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Fiera Capital Corp Buys 79,629 Shares of Helmerich & Payne, Inc. (NYSE:HP)

By September 6, 2019 No Comments

Fiera Capital Corp raised its stake in Helmerich & Payne, Inc. (NYSE:HP) by 108.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 152,717 shares of the oil and gas company’s stock after acquiring an additional 79,629 shares during the period. Fiera Capital Corp owned about 0.14% of Helmerich & Payne worth $7,731,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund boosted its stake in Helmerich & Payne by 3.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 11,635 shares of the oil and gas company’s stock worth $589,000 after purchasing an additional 402 shares in the last quarter. Kornitzer Capital Management Inc. KS boosted its stake in Helmerich & Payne by 9.6% in the second quarter. Kornitzer Capital Management Inc. KS now owns 357,135 shares of the oil and gas company’s stock worth $18,078,000 after purchasing an additional 31,225 shares in the last quarter. SG Americas Securities LLC boosted its stake in Helmerich & Payne by 55.4% in the second quarter. SG Americas Securities LLC now owns 48,156 shares of the oil and gas company’s stock worth $2,438,000 after purchasing an additional 17,172 shares in the last quarter. SFE Investment Counsel boosted its stake in Helmerich & Payne by 5.5% in the second quarter. SFE Investment Counsel now owns 12,975 shares of the oil and gas company’s stock worth $657,000 after purchasing an additional 675 shares in the last quarter. Finally, Royal London Asset Management Ltd. boosted its stake in Helmerich & Payne by 11.8% in the second quarter. Royal London Asset Management Ltd. now owns 239,627 shares of the oil and gas company’s stock worth $12,126,000 after purchasing an additional 25,327 shares in the last quarter. Hedge funds and other institutional investors own 90.41% of the company’s stock.

HP has been the topic of a number of recent analyst reports. AltaCorp Capital reissued an “outperform” rating on shares of Helmerich & Payne in a research note on Thursday, June 20th. Susquehanna Bancshares reduced their price objective on Helmerich & Payne from $72.00 to $62.00 in a research note on Wednesday, July 10th. TheStreet lowered Helmerich & Payne from a “b-” rating to a “c+” rating in a research note on Tuesday, May 28th. Evercore ISI initiated coverage on Helmerich & Payne in a research note on Thursday, June 6th. They issued an “outperform” rating on the stock. Finally, B. Riley reissued a “buy” rating and issued a $63.00 price objective (down previously from $83.00) on shares of Helmerich & Payne in a research note on Friday, August 2nd. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $61.86.

NYSE:HP opened at $37.09 on Thursday. Helmerich & Payne, Inc. has a 1-year low of $36.06 and a 1-year high of $73.74. The business’s 50-day moving average price is $43.09 and its two-hundred day moving average price is $51.72. The company has a current ratio of 2.86, a quick ratio of 2.47 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 264.93, a PEG ratio of 1.05 and a beta of 1.57.

Helmerich & Payne (NYSE:HP) last released its earnings results on Wednesday, July 24th. The oil and gas company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.05. Helmerich & Payne had a positive return on equity of 4.06% and a negative net margin of 2.54%. The firm had revenue of $687.97 million for the quarter, compared to analyst estimates of $689.41 million. During the same quarter in the prior year, the firm posted ($0.01) earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. Sell-side analysts predict that Helmerich & Payne, Inc. will post 1.58 earnings per share for the current year.

About Helmerich & Payne

Helmerich & Payne, Inc primarily engages in drilling oil and gas wells for 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.

Further Reading: Cost of Capital Explained

Institutional Ownership by Quarter for Helmerich & Payne (NYSE:HP)

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