Helmerich & Payne, Inc. (NYSE:HP) – Analysts at Seaport Global Securities issued their Q3 2017 EPS estimates for shares of Helmerich & Payne in a research note issued to investors on Thursday. Seaport Global Securities analyst S. Randhawa expects that the oil and gas company will post earnings of ($0.32) per share for the quarter. Seaport Global Securities has a “Sell” rating on the stock. Seaport Global Securities also issued estimates for Helmerich & Payne’s Q4 2017 earnings at ($0.16) EPS, FY2017 earnings at ($1.35) EPS, Q1 2018 earnings at ($0.06) EPS, Q2 2018 earnings at ($0.06) EPS, Q3 2018 earnings at ($0.03) EPS, Q4 2018 earnings at $0.00 EPS, FY2018 earnings at ($0.14) EPS, Q1 2019 earnings at ($0.01) EPS, Q2 2019 earnings at ($0.04) EPS, Q3 2019 earnings at ($0.03) EPS and FY2019 earnings at ($0.10) EPS.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings results on Thursday, April 27th. The oil and gas company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.40) by $0.07. The company had revenue of $405.30 million during the quarter, compared to the consensus estimate of $386.83 million. Helmerich & Payne had a negative net margin of 12.09% and a negative return on equity of 3.96%. The business’s revenue was down 7.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.19 EPS.

TRADEMARK VIOLATION WARNING: “Seaport Global Securities Comments on Helmerich & Payne, Inc.’s Q3 2017 Earnings (NYSE:HP)” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another website, it was illegally copied and reposted in violation of US & international copyright and trademark law. The original version of this article can be accessed at https://www.thecerbatgem.com/2017/08/19/seaport-global-securities-comments-on-helmerich-payne-inc-s-q3-2017-earnings-nysehp-updated-updated-updated.html.

Several other equities analysts also recently commented on HP. UBS AG reaffirmed a “buy” rating and issued a $86.00 price objective (down previously from $91.00) on shares of Helmerich & Payne in a research report on Tuesday, May 2nd. Royal Bank Of Canada set a $80.00 price objective on Helmerich & Payne and gave the company a “hold” rating in a research report on Saturday, July 1st. Vetr raised Helmerich & Payne from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research report on Monday, July 10th. Zacks Investment Research raised Helmerich & Payne from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, Wells Fargo & Company downgraded Helmerich & Payne from a “market perform” rating to an “underperform” rating in a research report on Friday, July 7th. Seven research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the stock. Helmerich & Payne currently has a consensus rating of “Hold” and an average price target of $59.70.

Shares of Helmerich & Payne (NYSE:HP) opened at 54.37 on Monday. The company has a 50-day moving average of $53.94 and a 200 day moving average of $63.45. The company’s market cap is $5.90 billion. Helmerich & Payne has a 12-month low of $49.46 and a 12-month high of $85.78.

A number of hedge funds and other institutional investors have recently made changes to their positions in HP. Vontobel Swiss Wealth Advisors AG boosted its position in shares of Helmerich & Payne by 116.2% in the second quarter. Vontobel Swiss Wealth Advisors AG now owns 10,325 shares of the oil and gas company’s stock valued at $561,000 after buying an additional 5,550 shares in the last quarter. Greylin Investment Mangement Inc. boosted its position in shares of Helmerich & Payne by 144.1% in the second quarter. Greylin Investment Mangement Inc. now owns 49,865 shares of the oil and gas company’s stock valued at $2,710,000 after buying an additional 29,440 shares in the last quarter. RE Advisers Corp boosted its position in shares of Helmerich & Payne by 0.5% in the second quarter. RE Advisers Corp now owns 534,400 shares of the oil and gas company’s stock valued at $29,039,000 after buying an additional 2,500 shares in the last quarter. Murphy Capital Management Inc. boosted its position in shares of Helmerich & Payne by 2.6% in the second quarter. Murphy Capital Management Inc. now owns 4,000 shares of the oil and gas company’s stock valued at $217,000 after buying an additional 100 shares in the last quarter. Finally, Rothschild Investment Corp IL boosted its position in shares of Helmerich & Payne by 138.5% in the second quarter. Rothschild Investment Corp IL now owns 14,460 shares of the oil and gas company’s stock valued at $786,000 after buying an additional 8,398 shares in the last quarter.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 5.15%. The ex-dividend date of this dividend is Wednesday, August 16th. Helmerich & Payne’s dividend payout ratio is currently -168.67%.

Helmerich & Payne Company Profile

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.

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

Receive News & Stock Ratings for Helmerich & Payne Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helmerich & Payne Inc. and related stocks with our FREE daily email newsletter.