Analysts expect that Helmerich & Payne, Inc. (NYSE:HP) will report $474.77 million in sales for the current quarter, according to Zacks. Five analysts have made estimates for Helmerich & Payne’s earnings. The lowest sales estimate is $448.00 million and the highest is $492.60 million. Helmerich & Payne posted sales of $331.71 million in the same quarter last year, which suggests a positive year over year growth rate of 43.1%. The business is expected to announce its next earnings results on Thursday, November 16th.

On average, analysts expect that Helmerich & Payne will report full year sales of $474.77 million for the current year, with estimates ranging from $1.64 billion to $1.76 billion. For the next financial year, analysts forecast that the business will report sales of $1.99 billion per share, with estimates ranging from $1.82 billion to $2.22 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Helmerich & Payne.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings results on Thursday, July 27th. The oil and gas company reported ($0.25) EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $498.60 million for the quarter, compared to analyst estimates of $452.42 million. During the same quarter in the previous year, the company posted ($0.20) EPS. The business’s revenue was up 36.0% on a year-over-year basis.

Several research firms have weighed in on HP. Royal Bank Of Canada reaffirmed a “hold” rating and set a $53.00 price objective on shares of Helmerich & Payne in a research report on Friday. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $66.00 price objective on shares of Helmerich & Payne in a research report on Wednesday, September 6th. Societe Generale began coverage on Helmerich & Payne in a research report on Thursday, August 31st. They set a “hold” rating and a $46.00 price objective on the stock. Cowen and Company reaffirmed a “hold” rating and set a $50.00 price objective on shares of Helmerich & Payne in a research report on Friday, August 11th. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $48.00 price objective (down from $65.00) on shares of Helmerich & Payne in a research report on Tuesday, August 1st. Seven analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $55.00.

A number of large investors have recently bought and sold shares of the business. CIBC Asset Management Inc grew its position in Helmerich & Payne by 0.4% in the 2nd quarter. CIBC Asset Management Inc now owns 11,126 shares of the oil and gas company’s stock worth $605,000 after purchasing an additional 41 shares during the period. Meeder Asset Management Inc. grew its position in Helmerich & Payne by 0.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 10,058 shares of the oil and gas company’s stock worth $547,000 after purchasing an additional 57 shares during the period. Murphy Capital Management Inc. grew its position in Helmerich & Payne by 2.6% in the 2nd quarter. Murphy Capital Management Inc. now owns 4,000 shares of the oil and gas company’s stock worth $217,000 after purchasing an additional 100 shares during the period. Physicians Financial Services Inc. grew its position in Helmerich & Payne by 0.8% in the 2nd quarter. Physicians Financial Services Inc. now owns 12,950 shares of the oil and gas company’s stock worth $704,000 after purchasing an additional 100 shares during the period. Finally, AlphaMark Advisors LLC grew its position in Helmerich & Payne by 3.1% in the 2nd quarter. AlphaMark Advisors LLC now owns 3,326 shares of the oil and gas company’s stock worth $181,000 after purchasing an additional 101 shares during the period.

Shares of Helmerich & Payne (HP) opened at 45.48 on Monday. Helmerich & Payne has a 52-week low of $42.16 and a 52-week high of $85.78. The company’s market cap is $4.94 billion. The firm has a 50 day moving average price of $46.98 and a 200-day moving average price of $57.21.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 13th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 6.16%. The ex-dividend date is Friday, November 10th. Helmerich & Payne’s dividend payout ratio (DPR) is presently -167.66%.

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About Helmerich & Payne

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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Earnings History and Estimates for Helmerich & Payne (NYSE:HP)

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