Helmerich & Payne (HP) Scheduled to Post Earnings on Thursday
Helmerich & Payne (NYSE:HP) is scheduled to be releasing its earnings data on Thursday, January 30th. Investors that are interested in participating in the company’s conference call can do so using this link.
Helmerich & Payne (NYSE:HP) last released its earnings data on Thursday, November 14th. The company reported $1.47 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.41 by $0.06. The company had revenue of $864.50 million for the quarter, compared to the consensus estimate of $845.85 million. During the same quarter in the previous year, the company posted $1.36 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, analysts expect Helmerich & Payne to post $5.82 EPS for the current fiscal year and $6.15 EPS for the next fiscal year.
Shares of Helmerich & Payne (NYSE:HP) opened at 86.36 on Wednesday. Helmerich & Payne has a 52-week low of $55.78 and a 52-week high of $88.10. The stock has a 50-day moving average of $83.48 and a 200-day moving average of $74.10. The company has a market cap of $9.253 billion and a P/E ratio of 12.63.
A number of research firms have recently commented on HP. Analysts at Guggenheim reiterated a “neutral” rating on shares of Helmerich & Payne in a research note to investors on Tuesday. They now have a $76.00 price target on the stock, down previously from $83.00. On the ratings front, analysts at Stephens initiated coverage on shares of Helmerich & Payne in a research note to investors on Friday, January 24th. They set an “overweight” rating on the stock. Finally, analysts at RBC Capital upgraded shares of Helmerich & Payne from a “sector perform” rating to an “outperform” rating in a research note to investors on Wednesday, January 8th. They now have a $96.00 price target on the stock, up previously from $84.00. Thirteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Helmerich & Payne has an average rating of “Hold” and an average price target of $79.93.
Helmerich & Payne, Inc is engaged in contract drilling of oil and gases wells for others and this business.
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