Brokerages Anticipate Helmerich & Payne, Inc. (HP) Will Announce Earnings of -$0.22 Per Share
Equities analysts expect Helmerich & Payne, Inc. (NYSE:HP) to post ($0.22) earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Helmerich & Payne’s earnings. The highest EPS estimate is ($0.17) and the lowest is ($0.28). Helmerich & Payne posted earnings per share of ($0.33) during the same quarter last year, which indicates a positive year over year growth rate of 33.3%. The firm is expected to announce its next quarterly earnings report on Thursday, November 16th.
According to Zacks, analysts expect that Helmerich & Payne will report full year earnings of ($1.33) per share for the current year, with EPS estimates ranging from ($1.40) to ($1.20). For the next fiscal year, analysts anticipate that the business will report earnings of ($0.62) per share, with EPS estimates ranging from ($1.29) to $0.46. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Helmerich & Payne.
Helmerich & Payne (NYSE:HP) last announced its quarterly earnings results on Thursday, July 27th. The oil and gas company reported ($0.25) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.30) by $0.05. Helmerich & Payne had a negative return on equity of 3.37% and a negative net margin of 11.19%. The business had revenue of $498.60 million for the quarter, compared to the consensus estimate of $452.42 million. During the same period last year, the business posted ($0.20) EPS. The business’s revenue was up 36.0% compared to the same quarter last year.
Several equities analysts have issued reports on HP shares. Credit Suisse Group restated a “buy” rating and issued a $19.00 price objective on shares of Helmerich & Payne in a research note on Wednesday, May 24th. Vetr upgraded shares of Helmerich & Payne from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Monday, July 10th. UBS AG restated a “buy” rating and issued a $60.00 price objective (down previously from $84.00) on shares of Helmerich & Payne in a research report on Monday, July 31st. Jefferies Group LLC set a $54.00 price objective on shares of Helmerich & Payne and gave the company a “hold” rating in a research report on Tuesday, June 6th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $14.00 price objective on shares of Helmerich & Payne in a research report on Monday, May 29th. Seven analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $55.00.
Helmerich & Payne (HP) traded down 1.22% during mid-day trading on Friday, hitting $45.48. The stock had a trading volume of 1,277,617 shares. Helmerich & Payne has a 52-week low of $42.16 and a 52-week high of $85.78. The firm has a 50-day moving average of $46.98 and a 200-day moving average of $57.21. The stock’s market cap is $4.94 billion.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 13th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 6.16%. The ex-dividend date of this dividend is Friday, November 10th. Helmerich & Payne’s dividend payout ratio (DPR) is -167.66%.
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Institutional investors have recently added to or reduced their stakes in the stock. Toronto Dominion Bank increased its stake in Helmerich & Payne by 57.0% during the 1st quarter. Toronto Dominion Bank now owns 29,291 shares of the oil and gas company’s stock worth $1,950,000 after buying an additional 10,637 shares during the period. Bristlecone Advisors LLC increased its stake in Helmerich & Payne by 2.6% during the 1st quarter. Bristlecone Advisors LLC now owns 19,180 shares of the oil and gas company’s stock worth $1,277,000 after buying an additional 495 shares during the period. Smith Asset Management Group LP increased its stake in Helmerich & Payne by 1.0% during the 1st quarter. Smith Asset Management Group LP now owns 209,207 shares of the oil and gas company’s stock worth $13,941,000 after buying an additional 2,027 shares during the period. Denver Investment Advisors LLC increased its stake in Helmerich & Payne by 0.5% during the 1st quarter. Denver Investment Advisors LLC now owns 26,805 shares of the oil and gas company’s stock worth $1,784,000 after buying an additional 124 shares during the period. Finally, Goodman Financial Corp increased its stake in Helmerich & Payne by 3.0% during the 2nd quarter. Goodman Financial Corp now owns 69,457 shares of the oil and gas company’s stock worth $3,774,000 after buying an additional 2,007 shares during the period.
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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