Helmerich & Payne, Inc. (NYSE:HP) – Equities research analysts at SunTrust Banks issued their Q4 2017 earnings estimates for Helmerich & Payne in a report issued on Tuesday. SunTrust Banks analyst K. Sill anticipates that the oil and gas company will earn ($0.21) per share for the quarter. SunTrust Banks has a “Sell” rating and a $37.00 price objective on the stock. SunTrust Banks also issued estimates for Helmerich & Payne’s Q1 2018 earnings at ($0.21) EPS, Q2 2018 earnings at ($0.26) EPS, Q3 2018 earnings at ($0.23) EPS, Q4 2018 earnings at ($0.16) EPS and Q1 2019 earnings at ($0.04) EPS.

Several other brokerages also recently commented on HP. Royal Bank Of Canada reissued a “hold” rating and issued a $65.00 price target on shares of Helmerich & Payne in a report on Thursday, July 20th. BidaskClub raised shares of Helmerich & Payne from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Zacks Investment Research downgraded shares of Helmerich & Payne from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. BMO Capital Markets cut their price target on shares of Helmerich & Payne from $54.00 to $40.00 and set an “underperform” rating for the company in a report on Friday, July 14th. Finally, Bank of America Corporation downgraded shares of Helmerich & Payne from a “buy” rating to a “neutral” rating and cut their price target for the company from $71.00 to $55.00 in a report on Friday, June 30th. Nine research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $54.90.

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Shares of Helmerich & Payne (NYSE:HP) opened at 51.14 on Thursday. The firm’s 50-day moving average price is $47.40 and its 200 day moving average price is $54.84. The company’s market capitalization is $5.55 billion. Helmerich & Payne has a 1-year low of $42.16 and a 1-year high of $85.78.

Helmerich & Payne (NYSE:HP) last released its earnings results on Thursday, July 27th. The oil and gas company reported ($0.25) earnings per share for the quarter, topping the 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 firm had revenue of $498.60 million during the quarter, compared to analysts’ expectations of $452.42 million. During the same period in the prior year, the company earned ($0.20) earnings per share. The company’s quarterly revenue was up 36.0% on a year-over-year basis.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 13th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date of this dividend is Friday, November 10th. Helmerich & Payne’s dividend payout ratio is currently -167.66%.

In related news, CEO John W. Lindsay acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was bought at an average cost of $47.73 per share, with a total value of $238,650.00. Following the acquisition, the chief executive officer now owns 147,727 shares of the company’s stock, valued at approximately $7,051,009.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.90% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of HP. Mutual of America Capital Management LLC raised its position in Helmerich & Payne by 22.6% in the 1st quarter. Mutual of America Capital Management LLC now owns 14,359 shares of the oil and gas company’s stock worth $956,000 after purchasing an additional 2,644 shares during the period. Ameritas Investment Partners Inc. purchased a new position in Helmerich & Payne in the 1st quarter worth $172,000. Mason Street Advisors LLC raised its position in 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 worth $999,000 after purchasing an additional 205 shares during the period. Envestnet Asset Management Inc. raised its position in 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 worth $1,424,000 after purchasing an additional 1,601 shares during the period. Finally, Nordea Investment Management AB raised its position in 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 worth $1,134,000 after purchasing an additional 998 shares during the period.

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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