Analysts Anticipate Helmerich & Payne, Inc. (NYSE:HP) Will Announce Earnings of $0.08 Per Share

Analysts expect Helmerich & Payne, Inc. (NYSE:HP) to post earnings of $0.08 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Helmerich & Payne’s earnings, with estimates ranging from $0.04 to $0.13. Helmerich & Payne posted earnings of $0.32 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 75%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, February 4th.

According to Zacks, analysts expect that Helmerich & Payne will report full year earnings of $0.38 per share for the current financial year, with EPS estimates ranging from ($0.04) to $0.81. For the next financial year, analysts anticipate that the company will post earnings of $0.72 per share, with EPS estimates ranging from $0.00 to $1.59. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Helmerich & Payne.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings results on Thursday, November 14th. The oil and gas company reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.14. Helmerich & Payne had a positive return on equity of 4.68% and a negative net margin of 1.20%. The firm had revenue of $649.10 million during the quarter, compared to the consensus estimate of $650.92 million. During the same period last year, the business posted $0.19 EPS. The business’s revenue was down 6.8% compared to the same quarter last year.

A number of analysts have weighed in on the company. ValuEngine upgraded Helmerich & Payne from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. decreased their price target on Helmerich & Payne from $64.00 to $54.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Wells Fargo & Co downgraded Helmerich & Payne from an “outperform” rating to an “underperform” rating and set a $30.00 price target for the company. in a report on Thursday, September 12th. Morgan Stanley decreased their price target on Helmerich & Payne from $52.00 to $45.00 and set an “underweight” rating for the company in a report on Monday, October 7th. Finally, Barclays assumed coverage on Helmerich & Payne in a report on Thursday, September 26th. They set an “overweight” rating and a $48.00 price target for the company. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $49.81.

In related news, CEO John W. Lindsay sold 45,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $38.61, for a total value of $1,737,450.00. Following the transaction, the chief executive officer now owns 318,441 shares of the company’s stock, valued at approximately $12,295,007.01. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP John R. Bell sold 9,000 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $38.67, for a total transaction of $348,030.00. Following the completion of the transaction, the vice president now directly owns 81,426 shares in the company, valued at approximately $3,148,743.42. The disclosure for this sale can be found here. Company insiders own 4.17% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in HP. FMR LLC lifted its position in Helmerich & Payne by 30.7% in the 1st quarter. FMR LLC now owns 308,156 shares of the oil and gas company’s stock valued at $17,121,000 after acquiring an additional 72,343 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its position in Helmerich & Payne by 9.8% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 92,738 shares of the oil and gas company’s stock valued at $5,153,000 after acquiring an additional 8,308 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Helmerich & Payne by 3.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 11,635 shares of the oil and gas company’s stock worth $589,000 after buying an additional 402 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Helmerich & Payne by 7.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 27,506 shares of the oil and gas company’s stock worth $1,392,000 after buying an additional 2,024 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI lifted its position in shares of Helmerich & Payne by 11.9% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 11,314 shares of the oil and gas company’s stock worth $573,000 after buying an additional 1,205 shares in the last quarter. 90.50% of the stock is currently owned by institutional investors and hedge funds.

Helmerich & Payne stock traded up $0.93 during trading hours on Wednesday, reaching $39.32. 1,692,600 shares of the company’s stock were exchanged, compared to its average volume of 1,476,872. The company has a quick ratio of 2.35, a current ratio of 2.72 and a debt-to-equity ratio of 0.12. The firm’s 50 day simple moving average is $39.36 and its 200 day simple moving average is $44.10. Helmerich & Payne has a twelve month low of $35.74 and a twelve month high of $64.80. The firm has a market capitalization of $4.29 billion, a PE ratio of 22.47, a PEG ratio of 5.00 and a beta of 1.65.

The company also recently announced a — dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 11th were paid a $0.71 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a dividend yield of 7.4%. Helmerich & Payne’s dividend payout ratio is presently 162.29%.

Helmerich & Payne Company Profile

Founded in 1920, Helmerich & Payne, Inc (H&P) (NYSE: HP) is committed to delivering industry leading levels of drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for its customers and returns for shareholders.

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

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