Q4 2018 EPS Estimates for Helmerich & Payne, Inc. (HP) Increased by Jefferies Group

Helmerich & Payne, Inc. (NYSE:HP) – Stock analysts at Jefferies Group boosted their Q4 2018 earnings estimates for Helmerich & Payne in a research note issued to investors on Thursday. Jefferies Group analyst B. Handler now expects that the oil and gas company will earn $0.04 per share for the quarter, up from their prior estimate of $0.02. Jefferies Group currently has a “Hold” rating and a $65.00 target price on the stock.

Several other analysts have also issued reports on the stock. Citigroup upgraded shares of Helmerich & Payne from a “sell” rating to a “neutral” rating in a research note on Thursday. Royal Bank of Canada set a $68.00 target price on shares of Helmerich & Payne and gave the stock a “hold” rating in a research note on Thursday, December 21st. Tudor Pickering upgraded shares of Helmerich & Payne from a “hold” rating to a “buy” rating in a research note on Thursday, December 21st. SunTrust Banks upped their target price on shares of Helmerich & Payne to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 6th. Finally, Zacks Investment Research lowered shares of Helmerich & Payne from a “buy” rating to a “hold” rating in a research note on Monday, December 4th. Seven research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $55.67.

Shares of Helmerich & Payne (NYSE:HP) traded up $0.75 during mid-day trading on Friday, reaching $66.40. 2,213,600 shares of the company’s stock were exchanged, compared to its average volume of 2,016,367. The company has a market cap of $7,129.95, a price-to-earnings ratio of -55.33 and a beta of 1.30. The company has a quick ratio of 3.19, a current ratio of 3.59 and a debt-to-equity ratio of 0.12. Helmerich & Payne has a fifty-two week low of $42.16 and a fifty-two week high of $81.30.

Helmerich & Payne (NYSE:HP) last announced its quarterly earnings results on Thursday, November 16th. The oil and gas company reported ($0.14) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.05. The business had revenue of $532.30 million during the quarter, compared to analyst estimates of $493.78 million. Helmerich & Payne had a negative net margin of 7.16% and a negative return on equity of 2.96%. Helmerich & Payne’s quarterly revenue was up 60.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.33) EPS.

Institutional investors have recently made changes to their positions in the company. Neuberger Berman Group LLC increased its position in shares of Helmerich & Payne by 664.5% in the third quarter. Neuberger Berman Group LLC now owns 716,399 shares of the oil and gas company’s stock worth $37,332,000 after purchasing an additional 622,696 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Helmerich & Payne by 49.5% in the third quarter. California Public Employees Retirement System now owns 366,038 shares of the oil and gas company’s stock worth $19,074,000 after purchasing an additional 121,138 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Helmerich & Payne in the third quarter worth approximately $241,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Helmerich & Payne by 17.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,961 shares of the oil and gas company’s stock worth $571,000 after purchasing an additional 1,590 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Helmerich & Payne in the third quarter worth approximately $329,000.

In other Helmerich & Payne news, Director Chapman Paula Marshall sold 2,555 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $57.80, for a total transaction of $147,679.00. Following the sale, the director now directly owns 12,525 shares of the company’s stock, valued at $723,945. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.90% of the stock is owned by corporate insiders.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Monday, February 12th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.22%. The ex-dividend date is Friday, February 9th. Helmerich & Payne’s dividend payout ratio (DPR) is presently -233.33%.

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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.

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

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