Seaport Global Securities Research Analysts Boost Earnings Estimates for Helmerich & Payne, Inc. (HP)

Helmerich & Payne, Inc. (NYSE:HP) – Seaport Global Securities lifted their Q2 2018 EPS estimates for shares of Helmerich & Payne in a report issued on Monday. Seaport Global Securities analyst S. Randhawa now expects that the oil and gas company will post earnings of ($0.05) per share for the quarter, up from their prior estimate of ($0.19). Seaport Global Securities also issued estimates for Helmerich & Payne’s Q3 2018 earnings at $0.07 EPS, Q4 2018 earnings at $0.14 EPS, FY2018 earnings at $0.13 EPS, Q1 2019 earnings at $0.14 EPS, Q2 2019 earnings at $0.14 EPS, Q3 2019 earnings at $0.22 EPS, Q4 2019 earnings at $0.29 EPS and FY2019 earnings at $0.80 EPS.

HP has been the subject of a number of other research reports. Royal Bank of Canada set a $57.00 target price on shares of Helmerich & Payne and gave the stock a “sector perform” rating in a report on Friday, November 17th. Cowen set a $50.00 target price on shares of Helmerich & Payne and gave the stock a “hold” rating in a report on Wednesday, October 18th. Jefferies Group set a $58.00 target price on shares of Helmerich & Payne and gave the stock a “hold” rating in a report on Saturday, November 18th. Tudor Pickering raised shares of Helmerich & Payne from a “hold” rating to a “buy” rating in a report on Thursday, December 21st. Finally, Zacks Investment Research lowered shares of Helmerich & Payne from a “buy” rating to a “hold” rating in a report on Monday, December 4th. Seven research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $57.68.

Shares of Helmerich & Payne (HP) opened at $63.73 on Wednesday. Helmerich & Payne has a 1-year low of $42.16 and a 1-year high of $75.02. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.89 and a current ratio of 3.28.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Monday, February 12th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, February 9th. This represents a $2.80 annualized dividend and a dividend yield of 4.39%. Helmerich & Payne’s dividend payout ratio is presently 76.09%.

In other news, Director Chapman Paula Marshall sold 4,122 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $71.40, for a total transaction of $294,310.80. Following the sale, the director now owns 16,647 shares of the company’s stock, valued at $1,188,595.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.10% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of HP. Thrivent Financial For Lutherans increased its stake in shares of Helmerich & Payne by 3.2% during the second quarter. Thrivent Financial For Lutherans now owns 4,140 shares of the oil and gas company’s stock worth $225,000 after buying an additional 130 shares during the period. Advisory Services Network LLC increased its stake in shares of Helmerich & Payne by 14.5% during the second quarter. Advisory Services Network LLC now owns 5,479 shares of the oil and gas company’s stock worth $298,000 after buying an additional 693 shares during the period. Eqis Capital Management Inc. increased its stake in shares of Helmerich & Payne by 12.9% during the fourth quarter. Eqis Capital Management Inc. now owns 6,096 shares of the oil and gas company’s stock worth $394,000 after buying an additional 695 shares during the period. Systematic Financial Management LP increased its stake in shares of Helmerich & Payne by 0.6% during the fourth quarter. Systematic Financial Management LP now owns 146,540 shares of the oil and gas company’s stock worth $9,472,000 after buying an additional 841 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Helmerich & Payne by 0.5% during 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 buying an additional 891 shares during the period.

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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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