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.
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.
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