Wall Street analysts expect that Helmerich & Payne, Inc. (NYSE:HP) will post $0.25 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Helmerich & Payne’s earnings, with the lowest EPS estimate coming in at $0.15 and the highest estimate coming in at $0.32. Helmerich & Payne posted earnings of $0.19 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 31.6%. The firm is scheduled to report its next earnings results after the market closes on Thursday, November 14th.
According to Zacks, analysts expect that Helmerich & Payne will report full-year earnings of $1.59 per share for the current financial year, with EPS estimates ranging from $1.56 to $1.63. For the next fiscal year, analysts forecast that the business will report earnings of $0.60 per share, with EPS estimates ranging from $0.07 to $1.47. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Helmerich & Payne.
A number of equities analysts recently weighed in on HP shares. Citigroup downgraded shares of Helmerich & Payne from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $50.00 to $43.00 in a report on Monday, September 30th. Royal Bank of Canada set a $65.00 target price on shares of Helmerich & Payne and gave the stock a “buy” rating in a report on Friday, July 26th. ValuEngine upgraded shares of Helmerich & Payne from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Wells Fargo & Co downgraded shares of Helmerich & Payne from an “outperform” rating to an “underperform” rating and set a $30.00 target price on the stock. in a report on Thursday, September 12th. Finally, Piper Jaffray Companies reduced their price objective on shares of Helmerich & Payne from $57.00 to $52.50 and set an “overweight” rating for the company in a research report on Tuesday, July 30th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. Helmerich & Payne has a consensus rating of “Hold” and an average price target of $54.71.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC raised its stake in Helmerich & Payne by 2,704.0% during the second quarter. Parallel Advisors LLC now owns 701 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 676 shares in the last quarter. Edge Wealth Management LLC raised its stake in Helmerich & Payne by 233.3% during the second quarter. Edge Wealth Management LLC now owns 1,000 shares of the oil and gas company’s stock worth $50,000 after acquiring an additional 700 shares in the last quarter. NuWave Investment Management LLC raised its stake in Helmerich & Payne by 792.3% during the third quarter. NuWave Investment Management LLC now owns 1,276 shares of the oil and gas company’s stock worth $49,000 after acquiring an additional 1,133 shares in the last quarter. Capital Investment Advisory Services LLC raised its stake in Helmerich & Payne by 105.5% during the second quarter. Capital Investment Advisory Services LLC now owns 1,315 shares of the oil and gas company’s stock worth $67,000 after acquiring an additional 675 shares in the last quarter. Finally, Point72 Hong Kong Ltd raised its stake in Helmerich & Payne by 43.4% during the second quarter. Point72 Hong Kong Ltd now owns 1,361 shares of the oil and gas company’s stock worth $69,000 after acquiring an additional 412 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE HP traded up $0.43 during midday trading on Monday, reaching $41.18. The company’s stock had a trading volume of 1,033,132 shares, compared to its average volume of 1,408,166. The stock has a market capitalization of $4.54 billion, a price-to-earnings ratio of 294.14, a PEG ratio of 3.79 and a beta of 1.59. Helmerich & Payne has a fifty-two week low of $35.74 and a fifty-two week high of $64.80. The stock has a 50 day simple moving average of $39.38 and a 200-day simple moving average of $46.39. The company has a current ratio of 2.86, a quick ratio of 2.47 and a debt-to-equity ratio of 0.12.
The firm also recently announced a — dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 11th will be given a $0.71 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a dividend yield of 7.4%. Helmerich & Payne’s payout ratio is presently 2,028.57%.
Helmerich & Payne Company Profile
Founded in 1920, Helmerich & Payne, Inc (H&P) (NYSE: HP) is committed to delivering industry leading levels of drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for its customers and returns for shareholders.
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