Analysts Anticipate Helmerich & Payne, Inc. (HP) Will Announce Earnings of $0.28 Per Share

Equities research analysts expect Helmerich & Payne, Inc. (NYSE:HP) to report earnings per share of $0.28 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Helmerich & Payne’s earnings. The highest EPS estimate is $0.40 and the lowest is $0.18. Helmerich & Payne reported earnings of ($0.02) per share during the same quarter last year, which indicates a positive year over year growth rate of 1,500%. The business is scheduled to issue its next earnings report on Thursday, January 24th.

On average, analysts expect that Helmerich & Payne will report full-year earnings of $1.78 per share for the current financial year, with EPS estimates ranging from $1.09 to $2.62. For the next year, analysts anticipate that the business will report earnings of $3.45 per share, with EPS estimates ranging from $2.21 to $5.07. Zacks’ EPS calculations are an average based on a survey of analysts that cover Helmerich & Payne.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings results on Thursday, November 15th. The oil and gas company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. Helmerich & Payne had a return on equity of 0.41% and a net margin of 19.41%. The company had revenue of $696.83 million for the quarter, compared to analysts’ expectations of $683.89 million.

A number of research firms have commented on HP. Cowen set a $61.00 price target on Helmerich & Payne and gave the stock a “hold” rating in a research note on Monday. Bank of America upgraded Helmerich & Payne from an “underperform” rating to a “neutral” rating and decreased their price target for the stock from $71.00 to $64.00 in a research note on Monday. Piper Jaffray Companies set a $69.00 price objective on Helmerich & Payne and gave the company a “hold” rating in a research note on Monday, November 26th. Zacks Investment Research upgraded Helmerich & Payne from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Wednesday, November 21st. Finally, ValuEngine upgraded Helmerich & Payne from a “hold” rating to a “buy” rating in a research note on Tuesday, November 20th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $72.56.

NYSE:HP traded up $1.42 during trading hours on Monday, reaching $62.02. 763,706 shares of the stock were exchanged, compared to its average volume of 1,308,385. The company has a quick ratio of 2.54, a current ratio of 2.96 and a debt-to-equity ratio of 0.11. Helmerich & Payne has a twelve month low of $54.00 and a twelve month high of $75.02. The stock has a market capitalization of $6.61 billion, a price-to-earnings ratio of 443.00 and a beta of 1.31.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Monday, November 12th will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date is Thursday, November 8th. Helmerich & Payne’s dividend payout ratio is currently 2,028.57%.

In related news, VP John R. Bell sold 13,000 shares of the firm’s stock in a transaction dated Monday, November 26th. The stock was sold at an average price of $60.17, for a total transaction of $782,210.00. Following the transaction, the vice president now owns 63,375 shares of the company’s stock, valued at $3,813,273.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO John W. Lindsay sold 30,000 shares of the firm’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $70.00, for a total value of $2,100,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 54,309 shares of company stock worth $3,618,765. Corporate insiders own 4.10% of the company’s stock.

Large investors have recently made changes to their positions in the stock. TLP Group LLC acquired a new stake in Helmerich & Payne in the third quarter valued at about $120,000. Flagship Harbor Advisors LLC acquired a new stake in Helmerich & Payne in the second quarter valued at about $134,000. Signition LP acquired a new stake in Helmerich & Payne in the third quarter valued at about $201,000. Eads & Heald Wealth Management acquired a new stake in Helmerich & Payne in the third quarter valued at about $202,000. Finally, Abner Herrman & Brock LLC acquired a new stake in Helmerich & Payne in the third quarter valued at about $206,000. Hedge funds and other institutional investors own 90.68% of the company’s stock.

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.

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Earnings History and Estimates for Helmerich & Payne (NYSE:HP)

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