Helmerich & Payne, Inc. (NYSE:HP) – Stock analysts at Capital One Financial upped their Q4 2019 earnings per share estimates for Helmerich & Payne in a research note issued to investors on Wednesday, April 10th. Capital One Financial analyst L. Lemoine now forecasts that the oil and gas company will post earnings of $0.49 per share for the quarter, up from their previous forecast of $0.36. Capital One Financial also issued estimates for Helmerich & Payne’s FY2020 earnings at $2.51 EPS.

Several other research firms have also recently issued reports on HP. Piper Jaffray Companies set a $61.00 price objective on Helmerich & Payne and gave the stock a “hold” rating in a report on Thursday, April 4th. Jefferies Financial Group reiterated a “buy” rating and issued a $72.00 price objective on shares of Helmerich & Payne in a report on Monday, December 17th. Susquehanna Bancshares set a $70.00 price objective on Helmerich & Payne and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Zacks Investment Research cut Helmerich & Payne from a “buy” rating to a “hold” rating in a report on Tuesday, April 2nd. Finally, Wells Fargo & Co reiterated a “buy” rating and issued a $68.00 price objective (up from $61.00) on shares of Helmerich & Payne in a report on Wednesday, January 30th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $66.26.

HP stock opened at $60.13 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.29 and a current ratio of 2.70. Helmerich & Payne has a 12-month low of $44.56 and a 12-month high of $74.36. The stock has a market capitalization of $6.58 billion, a P/E ratio of 429.50 and a beta of 1.51.

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

Institutional investors have recently modified their holdings of the company. Liberty Wealth Management LLC acquired a new position in shares of Helmerich & Payne during the 4th quarter worth approximately $26,000. Arbor Wealth Management LLC acquired a new position in shares of Helmerich & Payne during the 4th quarter worth approximately $30,000. Capital Investment Advisory Services LLC acquired a new position in shares of Helmerich & Payne during the 4th quarter worth approximately $31,000. CSat Investment Advisory L.P. boosted its holdings in shares of Helmerich & Payne by 41.5% during the 4th quarter. CSat Investment Advisory L.P. now owns 679 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 199 shares during the last quarter. Finally, First Mercantile Trust Co. boosted its holdings in shares of Helmerich & Payne by 43.3% during the 4th quarter. First Mercantile Trust Co. now owns 960 shares of the oil and gas company’s stock worth $46,000 after purchasing an additional 290 shares during the last quarter. Institutional investors and hedge funds own 93.67% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 13th will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 4.72%. The ex-dividend date of this dividend is Friday, May 10th. Helmerich & Payne’s dividend payout ratio is currently 2,028.57%.

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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