Equities research analysts expect that Helmerich & Payne, Inc. (NYSE:HP) will report $0.18 earnings per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Helmerich & Payne’s earnings, with the highest EPS estimate coming in at $0.27 and the lowest estimate coming in at $0.11. Helmerich & Payne reported earnings of ($0.13) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 238.5%. The firm is expected to announce its next earnings report before the market opens on Friday, November 16th.

On average, analysts expect that Helmerich & Payne will report full year earnings of $0.14 per share for the current fiscal year, with EPS estimates ranging from $0.10 to $0.19. For the next year, analysts anticipate that the firm will post earnings of $1.51 per share, with EPS estimates ranging from $0.83 to $2.80. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Helmerich & Payne.

Several research firms recently weighed in on HP. ValuEngine cut shares of Helmerich & Payne from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. BMO Capital Markets upgraded shares of Helmerich & Payne from an “underperform” rating to a “market perform” rating and set a $68.00 price objective for the company in a research report on Monday, October 29th. Bank of America began coverage on shares of Helmerich & Payne in a research report on Wednesday, October 17th. They issued an “underperform” rating for the company. Wells Fargo & Co set a $72.00 price objective on shares of Helmerich & Payne and gave the stock a “hold” rating in a research report on Monday, October 15th. They noted that the move was a valuation call. Finally, Cowen restated a “hold” rating and issued a $61.00 price objective on shares of Helmerich & Payne in a research report on Friday, October 12th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $72.00.

In other Helmerich & Payne news, CEO John W. Lindsay sold 30,000 shares of the company’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $70.00, for a total transaction of $2,100,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Chapman Paula Marshall sold 11,309 shares of the company’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $65.13, for a total transaction of $736,555.17. Following the sale, the director now owns 14,874 shares of the company’s stock, valued at approximately $968,743.62. The disclosure for this sale can be found here. Insiders own 4.10% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Broadview Advisors LLC grew its holdings in shares of Helmerich & Payne by 1.7% in the 3rd quarter. Broadview Advisors LLC now owns 57,400 shares of the oil and gas company’s stock valued at $3,947,000 after buying an additional 950 shares during the period. Canada Pension Plan Investment Board grew its holdings in shares of Helmerich & Payne by 27.7% in the 3rd quarter. Canada Pension Plan Investment Board now owns 273,710 shares of the oil and gas company’s stock valued at $18,823,000 after buying an additional 59,300 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Helmerich & Payne by 17.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,018 shares of the oil and gas company’s stock valued at $2,202,000 after buying an additional 4,814 shares during the period. Ontario Teachers Pension Plan Board grew its holdings in shares of Helmerich & Payne by 52.6% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 15,428 shares of the oil and gas company’s stock valued at $1,061,000 after buying an additional 5,315 shares during the period. Finally, FMR LLC grew its holdings in shares of Helmerich & Payne by 16.4% in the 3rd quarter. FMR LLC now owns 144,955 shares of the oil and gas company’s stock valued at $9,968,000 after buying an additional 20,414 shares during the period. 92.17% of the stock is owned by institutional investors.

HP stock traded up $0.22 during trading on Friday, hitting $62.59. The company had a trading volume of 965,021 shares, compared to its average volume of 1,200,570. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.97 and a quick ratio of 2.57. Helmerich & Payne has a 12 month low of $52.53 and a 12 month high of $75.02. The stock has a market capitalization of $7.16 billion, a PE ratio of -49.28 and a beta of 1.30.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Monday, November 12th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 4.54%. The ex-dividend date of this dividend is Thursday, November 8th. Helmerich & Payne’s payout ratio is -223.62%.

Helmerich & Payne Company Profile

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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