Equities analysts expect that Helmerich & Payne, Inc. (NYSE:HP) will report ($0.21) earnings per share for the current quarter, Zacks reports. Seven analysts have made estimates for Helmerich & Payne’s earnings. The highest EPS estimate is ($0.15) and the lowest is ($0.28). Helmerich & Payne posted earnings per share of ($0.33) during the same quarter last year, which would suggest a positive year over year growth rate of 36.4%. The business is scheduled to report its next earnings results before the market opens on Thursday, November 16th.

On average, analysts expect that Helmerich & Payne will report full year earnings of ($1.34) per share for the current fiscal year, with EPS estimates ranging from ($1.40) to ($1.27). For the next year, analysts anticipate that the company will report earnings of ($0.63) per share, with EPS estimates ranging from ($1.15) to $0.46. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Helmerich & Payne.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings results on Thursday, July 27th. The oil and gas company reported ($0.25) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.05. The company had revenue of $498.60 million during the quarter, compared to analyst estimates of $452.42 million. Helmerich & Payne had a negative return on equity of 3.37% and a negative net margin of 11.19%. The firm’s revenue was up 36.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.20) earnings per share.

Several analysts recently issued reports on HP shares. BMO Capital Markets reaffirmed a “sell” rating and set a $54.00 price objective on shares of Helmerich & Payne in a research note on Thursday, June 22nd. Guggenheim cut shares of Helmerich & Payne from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 27th. Bank of America Corporation cut shares of Helmerich & Payne from a “buy” rating to a “neutral” rating and dropped their price target for the company from $71.00 to $55.00 in a research note on Friday, June 30th. Royal Bank Of Canada set a $80.00 price target on shares of Helmerich & Payne and gave the company a “hold” rating in a research note on Saturday, July 1st. Finally, Zacks Investment Research cut shares of Helmerich & Payne from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Nine investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. Helmerich & Payne presently has a consensus rating of “Hold” and an average price target of $54.27.

Helmerich & Payne (NYSE:HP) traded up 1.06% on Tuesday, reaching $51.48. The company had a trading volume of 559,360 shares. The firm’s market capitalization is $5.59 billion. Helmerich & Payne has a 1-year low of $42.16 and a 1-year high of $85.78. The company’s 50-day moving average price is $49.98 and its 200 day moving average price is $53.81.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 13th will be issued a dividend of $0.70 per share. The ex-dividend date is Friday, November 10th. This represents a $2.80 dividend on an annualized basis and a yield of 5.50%. Helmerich & Payne’s dividend payout ratio (DPR) is presently -167.66%.

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In other Helmerich & Payne news, CEO John W. Lindsay bought 5,000 shares of Helmerich & Payne stock in a transaction on Tuesday, September 12th. The shares were bought at an average cost of $47.73 per share, for a total transaction of $238,650.00. Following the acquisition, the chief executive officer now directly owns 147,727 shares in the company, valued at $7,051,009.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.90% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sentry Investment Management LLC raised its holdings in shares of Helmerich & Payne by 14.9% in the 2nd quarter. Sentry Investment Management LLC now owns 8,218 shares of the oil and gas company’s stock valued at $447,000 after purchasing an additional 1,066 shares in the last quarter. Toronto Dominion Bank raised its holdings in shares of Helmerich & Payne by 25.6% in the 2nd quarter. Toronto Dominion Bank now owns 36,779 shares of the oil and gas company’s stock valued at $1,998,000 after purchasing an additional 7,488 shares in the last quarter. Advisory Services Network LLC raised its holdings in shares of Helmerich & Payne by 14.5% in the 2nd quarter. Advisory Services Network LLC now owns 5,479 shares of the oil and gas company’s stock valued at $298,000 after purchasing an additional 693 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Helmerich & Payne by 6.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 47,298 shares of the oil and gas company’s stock valued at $2,570,000 after purchasing an additional 2,884 shares in the last quarter. Finally, Sterling Capital Management LLC raised its holdings in shares of Helmerich & Payne by 66.9% in the 2nd quarter. Sterling Capital Management LLC now owns 33,438 shares of the oil and gas company’s stock valued at $1,817,000 after purchasing an additional 13,405 shares in the last quarter.

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

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