-$0.14 EPS Expected for Helmerich & Payne, Inc. (HP) This Quarter

Wall Street analysts expect Helmerich & Payne, Inc. (NYSE:HP) to post earnings per share of ($0.14) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Helmerich & Payne’s earnings, with the lowest EPS estimate coming in at ($0.21) and the highest estimate coming in at ($0.11). Helmerich & Payne posted earnings of ($0.41) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 65.9%. The company is scheduled to announce its next earnings report before the market opens on Thursday, January 25th.

According to Zacks, analysts expect that Helmerich & Payne will report full year earnings of ($0.38) per share for the current year, with EPS estimates ranging from ($0.56) to ($0.10). For the next fiscal year, analysts anticipate that the firm will report earnings of $0.19 per share, with EPS estimates ranging from ($0.66) to $1.45. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Helmerich & Payne.

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

Several equities research analysts have recently weighed in on the company. UBS Group cut Helmerich & Payne from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a research report on Friday, January 12th. Stephens assumed coverage on Helmerich & Payne in a research note on Tuesday, January 9th. They issued an “equal weight” rating and a $67.00 target price for the company. Jefferies Group set a $65.00 target price on Helmerich & Payne and gave the company a “hold” rating in a research note on Thursday, January 4th. Citigroup upgraded Helmerich & Payne from a “sell” rating to a “neutral” rating in a research note on Thursday, January 4th. Finally, Royal Bank of Canada set a $68.00 target price on Helmerich & Payne and gave the company a “hold” rating in a research note on Thursday, December 21st. Seven research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $55.04.

In other Helmerich & Payne news, Director Chapman Paula Marshall sold 2,555 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $57.80, for a total transaction of $147,679.00. Following the completion of the transaction, the director now directly owns 12,525 shares in the company, valued at $723,945. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.90% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Capital International Investors increased its stake in shares of Helmerich & Payne by 37.2% in the third quarter. Capital International Investors now owns 8,026,854 shares of the oil and gas company’s stock valued at $418,279,000 after buying an additional 2,177,139 shares in the last quarter. Brandywine Global Investment Management LLC increased its stake in shares of Helmerich & Payne by 2,253.8% in the second quarter. Brandywine Global Investment Management LLC now owns 2,147,944 shares of the oil and gas company’s stock valued at $116,720,000 after buying an additional 2,056,689 shares in the last quarter. Artisan Partners Limited Partnership increased its stake in shares of Helmerich & Payne by 68.8% in the second quarter. Artisan Partners Limited Partnership now owns 3,904,089 shares of the oil and gas company’s stock valued at $212,148,000 after buying an additional 1,590,793 shares in the last quarter. Prudential PLC increased its stake in shares of Helmerich & Payne by 64.8% in the second quarter. Prudential PLC now owns 2,487,853 shares of the oil and gas company’s stock valued at $135,190,000 after buying an additional 977,825 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Helmerich & Payne by 2,514.0% in the second quarter. Franklin Resources Inc. now owns 738,254 shares of the oil and gas company’s stock valued at $40,118,000 after buying an additional 710,012 shares in the last quarter.

Helmerich & Payne (HP) traded down $0.60 on Monday, hitting $70.03. The stock had a trading volume of 1,588,676 shares, compared to its average volume of 1,964,517. Helmerich & Payne has a 12 month low of $42.16 and a 12 month high of $81.20. The company has a quick ratio of 3.19, a current ratio of 3.59 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $7,610.00, a PE ratio of -58.85 and a beta of 1.30.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Monday, February 12th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, February 9th. This represents a $2.80 annualized dividend and a yield of 4.00%. Helmerich & Payne’s dividend payout ratio is currently -235.29%.

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Helmerich & Payne Company Profile

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

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