Helmerich & Payne, Inc. (NYSE:HP) – Research analysts at Jefferies Financial Group decreased their Q4 2019 earnings per share estimates for Helmerich & Payne in a report issued on Tuesday, February 5th. Jefferies Financial Group analyst B. Handler now anticipates that the oil and gas company will post earnings per share of $0.48 for the quarter, down from their previous forecast of $0.72. Jefferies Financial Group has a “Buy” rating and a $64.00 price target on the stock. Jefferies Financial Group also issued estimates for Helmerich & Payne’s FY2020 earnings at $2.75 EPS, FY2021 earnings at $4.20 EPS and FY2022 earnings at $4.90 EPS.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings data on Tuesday, January 29th. The oil and gas company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.28 by $0.14. The business had revenue of $740.60 million for the quarter, compared to the consensus estimate of $716.12 million. Helmerich & Payne had a net margin of 0.06% and a return on equity of 1.18%.

A number of other analysts also recently issued reports on the stock. BMO Capital Markets reissued a “sell” rating and set a $62.00 price target on shares of Helmerich & Payne in a report on Sunday, October 21st. Wells Fargo & Co raised shares of Helmerich & Payne from a “market perform” rating to an “outperform” rating and set a $72.00 price target on the stock in a report on Tuesday, December 11th. JPMorgan Chase & Co. raised shares of Helmerich & Payne from a “neutral” rating to an “overweight” rating and lowered their price target for the stock from $66.00 to $63.00 in a report on Tuesday, January 15th. Bank of America downgraded shares of Helmerich & Payne to a “hold” rating in a report on Thursday, December 20th. Finally, Citigroup raised shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and set a $74.00 price target on the stock in a report on Monday, November 19th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $67.11.

Shares of NYSE HP opened at $55.44 on Thursday. Helmerich & Payne has a 1 year low of $44.56 and a 1 year high of $74.36. The firm has a market cap of $6.25 billion, a P/E ratio of 396.00 and a beta of 1.57. The company has a current ratio of 2.70, a quick ratio of 2.29 and a debt-to-equity ratio of 0.11.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 8th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date of this dividend is Thursday, February 7th. Helmerich & Payne’s dividend payout ratio is presently 2,028.57%.

In other Helmerich & Payne news, VP John R. Bell sold 13,000 shares of the company’s stock in a transaction on Monday, November 26th. The shares were sold at an average price of $60.17, for a total transaction of $782,210.00. Following the completion of the transaction, the vice president now directly owns 63,375 shares in the company, valued at $3,813,273.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Michael Lennox sold 6,912 shares of the company’s stock in a transaction on Tuesday, December 11th. The stock was sold at an average price of $60.08, for a total transaction of $415,272.96. Following the transaction, the vice president now owns 10,360 shares of the company’s stock, valued at $622,428.80. The disclosure for this sale can be found here. Corporate insiders own 4.17% of the company’s stock.

A number of large investors have recently bought and sold shares of HP. Capital Investment Advisory Services LLC acquired a new stake in shares of Helmerich & Payne in the fourth quarter valued at about $31,000. First Mercantile Trust Co. raised its position in shares of Helmerich & Payne by 43.3% in the fourth quarter. First Mercantile Trust Co. now owns 960 shares of the oil and gas company’s stock valued at $46,000 after buying an additional 290 shares during the last quarter. Enlightenment Research LLC acquired a new stake in shares of Helmerich & Payne in the fourth quarter valued at about $48,000. Exane Asset Management acquired a new stake in shares of Helmerich & Payne in the fourth quarter valued at about $78,000. Finally, TLP Group LLC acquired a new stake in shares of Helmerich & Payne in the third quarter valued at about $120,000. Institutional investors own 90.24% of the company’s stock.

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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