Helmerich & Payne, Inc. (HP) Plans Quarterly Dividend of $0.69
Helmerich & Payne (NYSE:HP) declared a quarterly dividend on Thursday, September 4th, Stock Ratings News reports. Stockholders of record on Friday, November 14th will be given a dividend of 0.6875 per share on Monday, December 1st. This represents a $2.75 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend is Wednesday, November 12th.
A number of research firms have recently commented on HP. Analysts at Credit Suisse upgraded shares of Helmerich & Payne from an “underperform” rating to a “neutral” rating in a research note on Thursday, August 14th. On the ratings front, analysts at Global Hunter Securities upgraded shares of Helmerich & Payne from a “neutral” rating to an “accumulate” rating in a research note on Tuesday, August 12th. They now have a $115.00 price target on the stock, down previously from $129.00. Finally, analysts at Cowen and Company raised their price target on shares of Helmerich & Payne from $112.00 to $115.00 in a research note on Friday, August 1st. Twelve research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $105.08.
Shares of Helmerich & Payne (NYSE:HP) traded down 2.34% on Thursday, hitting $102.66. 1,289,204 shares of the company’s stock traded hands. Helmerich & Payne has a 52 week low of $63.84 and a 52 week high of $118.95. The stock has a 50-day moving average of $106.5 and a 200-day moving average of $107.1. The company has a market cap of $11.110 billion and a P/E ratio of 16.45.
Helmerich & Payne (NYSE:HP) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.75 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.63 by $0.12. The company had revenue of $952.10 million for the quarter, compared to the consensus estimate of $942.13 million. During the same quarter last year, the company posted $1.44 earnings per share. Helmerich & Payne’s revenue was up 13.3% compared to the same quarter last year. On average, analysts predict that Helmerich & Payne will post $6.29 earnings per share for the current fiscal year.
Helmerich & Payne, Inc is engaged in contract drilling of oil and gases wells for others and this business.
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