Helmerich & Payne, Inc. (HP) Expected to Post Earnings of -$0.22 Per Share
Wall Street brokerages expect Helmerich & Payne, Inc. (NYSE:HP) to report earnings of ($0.22) per share for the current quarter, according to Zacks. Five analysts have made estimates for Helmerich & Payne’s earnings, with the lowest EPS estimate coming in at ($0.28) and the highest estimate coming in at ($0.17). Helmerich & Payne reported earnings per share of ($0.33) in the same quarter last year, which would suggest a positive year over year growth rate of 33.3%. The firm is expected to issue its next quarterly earnings results on Thursday, November 16th.
On average, analysts expect that Helmerich & Payne will report full year earnings of ($1.32) per share for the current fiscal year, with EPS estimates ranging from ($1.40) to ($1.18). For the next financial year, analysts expect that the company will post earnings of ($0.65) per share, with EPS estimates ranging from ($1.29) to $0.46. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Helmerich & Payne.
Helmerich & Payne (NYSE:HP) last released its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.25) earnings per share for the quarter, beating the consensus estimate of ($0.30) by $0.05. Helmerich & Payne had a negative net margin of 11.19% and a negative return on equity of 3.37%. The firm had revenue of $498.60 million during the quarter, compared to analysts’ expectations of $452.42 million. During the same period in the previous year, the company earned ($0.20) earnings per share. The firm’s quarterly revenue was up 36.0% on a year-over-year basis.
Several analysts have recently issued reports on HP shares. Royal Bank Of Canada set a $80.00 price target on Helmerich & Payne and gave the stock a “hold” rating in a research note on Saturday, July 1st. Zacks Investment Research upgraded Helmerich & Payne from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Vetr upgraded Helmerich & Payne from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Monday, July 10th. Seaport Global Securities reiterated a “sell” rating on shares of Helmerich & Payne in a research note on Thursday, July 20th. Finally, Cowen and Company reiterated a “hold” rating and set a $50.00 price target on shares of Helmerich & Payne in a research note on Friday, August 11th. Eight investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company. Helmerich & Payne currently has an average rating of “Hold” and a consensus price target of $57.32.
Helmerich & Payne (NYSE HP) traded up 0.36% on Thursday, hitting $53.39. 81,137 shares of the stock traded hands. The firm has a 50-day moving average price of $46.08 and a 200-day moving average price of $56.06. The company’s market capitalization is $5.80 billion. Helmerich & Payne has a 12 month low of $42.16 and a 12 month high of $85.78.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 13th will be given a $0.70 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.26%. Helmerich & Payne’s dividend payout ratio is currently -167.66%.
In other news, CEO John W. Lindsay acquired 5,000 shares of Helmerich & Payne stock in a transaction on Tuesday, September 12th. The stock was bought at an average price of $47.73 per share, for a total transaction of $238,650.00. Following the transaction, the chief executive officer now owns 147,727 shares of the company’s stock, valued at $7,051,009.71. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 3.90% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in the business. Ffcm LLC raised its holdings in shares of Helmerich & Payne by 409.2% in the 2nd quarter. Ffcm LLC now owns 2,872 shares of the oil and gas company’s stock worth $160,000 after buying an additional 2,308 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of Helmerich & Payne in the 1st quarter worth approximately $172,000. AlphaMark Advisors LLC raised its holdings in shares of Helmerich & Payne by 3.1% in the 2nd quarter. AlphaMark Advisors LLC now owns 3,326 shares of the oil and gas company’s stock worth $181,000 after buying an additional 101 shares in the last quarter. Marshall Wace North America L.P. acquired a new position in shares of Helmerich & Payne in the 1st quarter worth approximately $209,000. Finally, Murphy Capital Management Inc. raised its holdings in shares of Helmerich & Payne by 2.6% in the 2nd quarter. Murphy Capital Management Inc. now owns 4,000 shares of the oil and gas company’s stock worth $217,000 after buying an additional 100 shares in the last quarter.
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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.
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