Helmerich & Payne Inc. (NYSE:HP) – KeyCorp issued their Q1 2017 earnings estimates for shares of Helmerich & Payne in a report issued on Thursday. KeyCorp analyst R. Shoemaker anticipates that the firm will earn ($0.35) per share for the quarter. KeyCorp also issued estimates for Helmerich & Payne’s Q2 2017 earnings at ($0.33) EPS, Q3 2017 earnings at ($0.28) EPS and Q4 2017 earnings at ($0.18) EPS.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings results on Thursday, November 17th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.42) by $0.09. Helmerich & Payne had a negative net margin of 3.50% and a negative return on equity of 2.25%. The firm had revenue of $332 million for the quarter, compared to the consensus estimate of $304.26 million. During the same quarter in the previous year, the firm posted $0.04 EPS. The firm’s quarterly revenue was down 40.1% on a year-over-year basis.

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

Other research analysts also recently issued reports about the stock. RBC Capital Markets set a $70.00 price objective on shares of Helmerich & Payne and gave the company a “buy” rating in a research report on Friday, October 7th. Credit Suisse Group AG reaffirmed a “sell” rating and set a $53.00 price objective on shares of Helmerich & Payne in a research report on Friday. Nomura set a $71.00 price objective on shares of Helmerich & Payne and gave the company a “buy” rating in a research report on Friday. Citigroup Inc. reaffirmed a “neutral” rating and set a $72.00 price objective (up from $63.00) on shares of Helmerich & Payne in a research report on Wednesday, October 5th. Finally, Jefferies Group set a $50.00 price objective on shares of Helmerich & Payne and gave the company a “sell” rating in a research report on Wednesday, November 16th. Five analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Helmerich & Payne currently has an average rating of “Hold” and an average target price of $62.95.

Shares of Helmerich & Payne (NYSE:HP) opened at 68.25 on Monday. Helmerich & Payne has a 1-year low of $40.02 and a 1-year high of $70.39. The stock’s market cap is $7.38 billion. The company’s 50-day moving average is $65.12 and its 200 day moving average is $63.35.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Friday, November 11th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend is Tuesday, November 8th. Helmerich & Payne’s payout ratio is -518.52%.

In other news, CEO John W. Lindsay sold 15,000 shares of the company’s stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $67.45, for a total value of $1,011,750.00. Following the sale, the chief executive officer now owns 141,512 shares of the company’s stock, valued at approximately $9,544,984.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider John R. Bell sold 9,000 shares of the company’s stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $66.35, for a total transaction of $597,150.00. Following the completion of the sale, the insider now directly owns 45,666 shares in the company, valued at approximately $3,029,939.10. The disclosure for this sale can be found here. 4.23% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the company. Virtus Investment Advisers Inc. bought a new stake in shares of Helmerich & Payne during the third quarter worth approximately $105,000. Mizuho Asset Management Co. Ltd. raised its stake in shares of Helmerich & Payne by 74.9% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,604 shares of the company’s stock worth $108,000 after buying an additional 687 shares in the last quarter. Independent Portfolio Consultants Inc. raised its stake in shares of Helmerich & Payne by 7.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,775 shares of the company’s stock worth $119,000 after buying an additional 125 shares in the last quarter. NEXT Financial Group Inc raised its stake in shares of Helmerich & Payne by 19.5% in the third quarter. NEXT Financial Group Inc now owns 1,820 shares of the company’s stock worth $122,000 after buying an additional 297 shares in the last quarter. Finally, Checchi Capital Advisers LLC raised its stake in shares of Helmerich & Payne by 1.8% in the second quarter. Checchi Capital Advisers LLC now owns 1,849 shares of the company’s stock worth $124,000 after buying an additional 33 shares in the last quarter.

About Helmerich & Payne

Helmerich & Payne, Inc is engaged in contract drilling of oil and gas wells for others. The Company operates in the contract drilling industry. The Company’s contract drilling business consists of three segments: U.S. Land, Offshore and International Land. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology.

5 Day Chart for NYSE:HP

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