Helmerich & Payne, Inc. (NYSE:HP) – Research analysts at Capital One Financial Corporation raised their Q1 2018 earnings per share estimates for Helmerich & Payne in a report released on Thursday. Capital One Financial Corporation analyst L. Lemoine now anticipates that the oil and gas company will post earnings of ($0.24) per share for the quarter, up from their prior forecast of ($0.26). Capital One Financial Corporation also issued estimates for Helmerich & Payne’s Q2 2018 earnings at ($0.20) EPS, Q3 2018 earnings at ($0.10) EPS, Q4 2018 earnings at ($0.10) EPS and FY2018 earnings at ($0.65) EPS.

Several other brokerages have also commented on HP. J P Morgan Chase & Co decreased their price target on Helmerich & Payne from $44.00 to $38.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 12th. B. Riley reaffirmed a “neutral” rating on shares of Helmerich & Payne in a research note on Wednesday, November 1st. Cowen and Company reaffirmed a “hold” rating and issued a $50.00 price target on shares of Helmerich & Payne in a research note on Friday, August 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $53.00 price target (down previously from $65.00) on shares of Helmerich & Payne in a research note on Friday, September 8th. Finally, BMO Capital Markets reaffirmed a “sell” rating on shares of Helmerich & Payne in a research note on Friday, October 13th. Nine investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $54.05.

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Helmerich & Payne (HP) traded down $0.13 during midday trading on Monday, reaching $55.55. The company’s stock had a trading volume of 1,047,900 shares, compared to its average volume of 1,864,615. The company has a current ratio of 3.59, a quick ratio of 3.33 and a debt-to-equity ratio of 0.12. Helmerich & Payne has a one year low of $42.16 and a one year high of $85.78.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings data on Thursday, November 16th. The oil and gas company reported ($0.14) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.05. The company had revenue of $532.30 million for the quarter, compared to analyst estimates of $493.78 million. Helmerich & Payne had a negative return on equity of 2.96% and a negative net margin of 7.16%. The firm’s revenue for the quarter was up 60.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.33) earnings per share.

Hedge funds have recently modified their holdings of the company. Ffcm LLC raised its stake in shares of Helmerich & Payne by 409.2% during 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. AlphaMark Advisors LLC raised its stake in shares of Helmerich & Payne by 3.1% during 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. Sandy Spring Bank raised its stake in shares of Helmerich & Payne by 36.7% during the 3rd quarter. Sandy Spring Bank now owns 3,540 shares of the oil and gas company’s stock worth $184,000 after buying an additional 950 shares in the last quarter. Sapphire Star Partners LP purchased a new position in shares of Helmerich & Payne during the 3rd quarter worth approximately $202,000. Finally, Private Advisor Group LLC purchased a new position in shares of Helmerich & Payne during the 3rd quarter worth approximately $206,000.

In related news, CEO John W. Lindsay acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was bought at an average cost of $47.73 per share, with a total value 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.23% of the stock is owned by corporate insiders.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors 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 5.04%. Helmerich & Payne’s dividend payout ratio (DPR) is presently -235.29%.

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.

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

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