Helmerich & Payne, Inc. (HP) to Post Q1 2018 Earnings of ($0.16) Per Share, Capital One Financial Forecasts

Helmerich & Payne, Inc. (NYSE:HP) – Equities researchers at Capital One Financial boosted their Q1 2018 earnings estimates for shares of Helmerich & Payne in a research note issued to investors on Thursday. Capital One Financial analyst L. Lemoine now anticipates that the oil and gas company will post earnings per share of ($0.16) for the quarter, up from their previous forecast of ($0.19). Capital One Financial also issued estimates for Helmerich & Payne’s Q2 2018 earnings at ($0.05) EPS, Q3 2018 earnings at $0.11 EPS, Q4 2018 earnings at $0.40 EPS, FY2018 earnings at $0.30 EPS and FY2019 earnings at $2.94 EPS.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings results on Thursday, January 25th. The oil and gas company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.14. The business had revenue of $564.10 million during the quarter, compared to the consensus estimate of $547.64 million. Helmerich & Payne had a net margin of 20.30% and a negative return on equity of 1.90%. The firm’s revenue for the quarter was up 53.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.33) earnings per share.

Several other equities analysts also recently commented on HP. B. Riley reaffirmed a “neutral” rating on shares of Helmerich & Payne in a research note on Wednesday, November 1st. Zacks Investment Research downgraded shares of Helmerich & Payne from a “hold” rating to a “sell” rating in a research note on Monday, January 22nd. Jefferies Group reaffirmed a “hold” rating and set a $69.00 price objective on shares of Helmerich & Payne in a research note on Thursday. Cowen reaffirmed a “market perform” rating and set a $60.00 price objective (up from $50.00) on shares of Helmerich & Payne in a research note on Friday. Finally, UBS Group downgraded shares of Helmerich & Payne from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a research note on Friday, January 12th. Eight analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have issued a buy rating to the company’s stock. Helmerich & Payne presently has a consensus rating of “Hold” and an average price target of $55.63.

Helmerich & Payne (HP) opened at $74.09 on Monday. The company has a market cap of $8,050.00, a PE ratio of -61.74 and a beta of 1.30. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.19 and a current ratio of 3.28. Helmerich & Payne has a one year low of $42.16 and a one year high of $75.10.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Advisor Partners LLC purchased a new stake in Helmerich & Payne in the fourth quarter worth about $302,000. Commerzbank Aktiengesellschaft FI grew its holdings in Helmerich & Payne by 18.2% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 10,632 shares of the oil and gas company’s stock worth $687,000 after purchasing an additional 1,634 shares during the period. Eqis Capital Management Inc. grew its holdings in Helmerich & Payne by 12.9% in the fourth quarter. Eqis Capital Management Inc. now owns 6,096 shares of the oil and gas company’s stock worth $394,000 after purchasing an additional 695 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in Helmerich & Payne by 0.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 165,214 shares of the oil and gas company’s stock worth $10,681,000 after purchasing an additional 891 shares during the period. Finally, State of Alaska Department of Revenue grew its holdings in Helmerich & Payne by 32.5% in the fourth quarter. State of Alaska Department of Revenue now owns 17,530 shares of the oil and gas company’s stock worth $1,132,000 after purchasing an additional 4,300 shares during the period.

In related news, Director Chapman Paula Marshall sold 2,555 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $57.80, for a total value of $147,679.00. Following the completion of the transaction, 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 this link. 3.90% of the stock is owned by corporate insiders.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Monday, February 12th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend is Friday, February 9th. Helmerich & Payne’s payout ratio is currently -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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