Helmerich & Payne, Inc. (NYSE:HP) – Equities researchers at SunTrust Banks issued their FY2018 earnings estimates for shares of Helmerich & Payne in a note issued to investors on Tuesday. SunTrust Banks analyst K. Sill expects that the oil and gas company will post earnings per share of ($0.69) for the year. SunTrust Banks has a “Sell” rating and a $37.00 price target on the stock.

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, topping analysts’ consensus estimates of ($0.30) by $0.05. Helmerich & Payne had a negative net margin of 11.19% and a negative return on equity of 3.37%. The firm had revenue of $498.60 million for the quarter, compared to the consensus estimate of $452.42 million. During the same period in the prior year, the firm posted ($0.20) earnings per share. The company’s revenue for the quarter was up 36.0% on a year-over-year basis.

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A number of other equities research analysts also recently commented on the company. Sanford C. Bernstein reiterated an “outperform” rating and issued a $66.00 target price on shares of Helmerich & Payne in a research report on Wednesday, September 6th. Iberia Capital downgraded Helmerich & Payne from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $74.00 to $55.00 in a research note on Monday, July 31st. J P Morgan Chase & Co decreased their price objective on Helmerich & Payne from $44.00 to $38.00 and set an “underweight” rating on the stock in a report on Tuesday, September 12th. BidaskClub raised Helmerich & Payne from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Finally, BMO Capital Markets lowered their target price on Helmerich & Payne from $54.00 to $40.00 and set an “underperform” rating for the company in a research report on Friday, July 14th. Nine equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $55.82.

Shares of Helmerich & Payne (NYSE:HP) traded up 1.20% during trading on Wednesday, reaching $50.62. 755,933 shares of the company traded hands. The company’s market capitalization is $5.50 billion. The company’s 50-day moving average price is $47.24 and its 200-day moving average price is $54.87. Helmerich & Payne has a 52 week low of $42.16 and a 52 week high of $85.78.

A number of institutional investors have recently made changes to their positions in the business. Mutual of America Capital Management LLC lifted its position in shares of Helmerich & Payne by 22.6% during the first quarter. Mutual of America Capital Management LLC now owns 14,359 shares of the oil and gas company’s stock valued at $956,000 after buying an additional 2,644 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of Helmerich & Payne in the 1st quarter valued at about $172,000. Mason Street Advisors LLC boosted its holdings in shares of Helmerich & Payne by 1.4% in the 1st quarter. Mason Street Advisors LLC now owns 15,003 shares of the oil and gas company’s stock valued at $999,000 after buying an additional 205 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Helmerich & Payne by 8.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 21,428 shares of the oil and gas company’s stock valued at $1,424,000 after buying an additional 1,601 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of Helmerich & Payne by 6.2% in the 1st quarter. Nordea Investment Management AB now owns 17,032 shares of the oil and gas company’s stock valued at $1,134,000 after buying an additional 998 shares in the last quarter.

In related news, CEO John W. Lindsay acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were bought at an average price of $47.73 per share, with a total value of $238,650.00. Following the completion of the transaction, the chief executive officer now directly owns 147,727 shares in the company, valued at $7,051,009.71. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.23% of the company’s stock.

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 5.60%. The ex-dividend date is Friday, November 10th. Helmerich & Payne’s dividend payout ratio (DPR) is currently -167.66%.

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.

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

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