Helmerich & Payne, Inc. (NYSE:HP) – Stock analysts at Piper Jaffray Companies raised their FY2019 EPS estimates for Helmerich & Payne in a research report issued to clients and investors on Tuesday, April 30th. Piper Jaffray Companies analyst J. Daniel now expects that the oil and gas company will post earnings of $1.66 per share for the year, up from their prior forecast of $1.64. Piper Jaffray Companies has a “Hold” rating and a $61.00 price target on the stock. Piper Jaffray Companies also issued estimates for Helmerich & Payne’s Q4 2019 earnings at $0.38 EPS, Q1 2020 earnings at $0.46 EPS, Q2 2020 earnings at $0.51 EPS, Q3 2020 earnings at $0.61 EPS and Q4 2020 earnings at $0.71 EPS.
Helmerich & Payne (NYSE:HP) last posted its earnings results on Wednesday, April 24th. The oil and gas company reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.18. Helmerich & Payne had a return on equity of 2.95% and a net margin of 2.65%. The business had revenue of $720.87 million during the quarter, compared to analysts’ expectations of $712.29 million. During the same period in the previous year, the business earned ($0.05) earnings per share. The firm’s revenue was up 24.8% on a year-over-year basis.
Helmerich & Payne stock opened at $56.69 on Thursday. Helmerich & Payne has a 52 week low of $44.56 and a 52 week high of $73.87. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.80 and a quick ratio of 2.29. The stock has a market cap of $6.15 billion, a P/E ratio of 404.93 and a beta of 1.52.
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 paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date is Friday, May 10th. Helmerich & Payne’s dividend payout ratio (DPR) is presently 2,028.57%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in Helmerich & Payne by 1.0% during the 4th quarter. BlackRock Inc. now owns 10,247,697 shares of the oil and gas company’s stock valued at $491,275,000 after purchasing an additional 98,356 shares during the last quarter. Millennium Management LLC raised its position in Helmerich & Payne by 3,372.6% during the 4th quarter. Millennium Management LLC now owns 2,322,923 shares of the oil and gas company’s stock valued at $111,361,000 after purchasing an additional 2,256,030 shares during the last quarter. Geode Capital Management LLC raised its position in Helmerich & Payne by 8.4% during the 4th quarter. Geode Capital Management LLC now owns 1,504,996 shares of the oil and gas company’s stock valued at $72,028,000 after purchasing an additional 117,117 shares during the last quarter. Northern Trust Corp raised its position in Helmerich & Payne by 0.5% during the 4th quarter. Northern Trust Corp now owns 1,240,419 shares of the oil and gas company’s stock valued at $59,467,000 after purchasing an additional 5,944 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in Helmerich & Payne by 14.9% during the 4th quarter. Fisher Asset Management LLC now owns 979,648 shares of the oil and gas company’s stock valued at $46,964,000 after purchasing an additional 127,256 shares during the last quarter. 94.31% of the stock is owned by institutional investors.
About Helmerich & Payne
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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