Brokerages Expect Helmerich & Payne, Inc. (HP) Will Announce Earnings of -$0.21 Per Share
Wall Street brokerages predict that Helmerich & Payne, Inc. (NYSE:HP) will announce earnings per share of ($0.21) for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Helmerich & Payne’s earnings, with the highest EPS estimate coming in at ($0.15) and the lowest estimate coming in at ($0.28). Helmerich & Payne reported earnings per share of ($0.33) during the same quarter last year, which suggests a positive year over year growth rate of 36.4%. The firm is scheduled to issue its next earnings report 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 year, with EPS estimates ranging from ($1.40) to ($1.27). For the next financial year, analysts forecast that the business will report earnings of ($0.63) per share, with EPS estimates ranging from ($1.15) to $0.46. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for Helmerich & Payne.
Several analysts have recently commented on the company. Cowen and Company reiterated a “hold” rating and set a $50.00 price objective on shares of Helmerich & Payne in a report on Friday, August 11th. UBS AG reiterated a “buy” rating and set a $60.00 price objective (down previously from $84.00) on shares of Helmerich & Payne in a report on Monday, July 31st. SunTrust Banks, Inc. reiterated a “sell” rating and set a $37.00 price objective (down previously from $66.00) on shares of Helmerich & Payne in a report on Tuesday, October 3rd. Citigroup Inc. lowered Helmerich & Payne from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $58.00 to $43.00 in a report on Friday, July 28th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $53.00 price objective on shares of Helmerich & Payne in a report on Wednesday, October 18th. Nine analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the stock. Helmerich & Payne currently has an average rating of “Hold” and a consensus target price of $54.27.
Helmerich & Payne (NYSE HP) traded up $0.03 during trading on Friday, reaching $54.91. The company’s stock had a trading volume of 1,377,584 shares, compared to its average volume of 1,299,121. The company has a quick ratio of 3.33, a current ratio of 3.74 and a debt-to-equity ratio of 0.12. Helmerich & Payne has a one year low of $42.16 and a one year high of $85.78.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 13th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 5.10%. The ex-dividend date is Friday, November 10th. Helmerich & Payne’s dividend payout ratio is currently -167.66%.
In related news, CEO John W. Lindsay purchased 5,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were bought at an average cost of $47.73 per share, with a total value of $238,650.00. Following the transaction, the chief executive officer now owns 147,727 shares of the company’s stock, valued at $7,051,009.71. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.90% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the company. Ffcm LLC grew its position in shares of Helmerich & Payne by 409.2% during the 2nd quarter. Ffcm LLC now owns 2,872 shares of the oil and gas company’s stock valued at $160,000 after acquiring an additional 2,308 shares during the period. AlphaMark Advisors LLC grew its position in shares of Helmerich & Payne by 3.1% during the 2nd quarter. AlphaMark Advisors LLC now owns 3,326 shares of the oil and gas company’s stock valued at $181,000 after acquiring an additional 101 shares during the period. Sandy Spring Bank grew its position in shares of Helmerich & Payne by 36.7% during the 3rd quarter. Sandy Spring Bank now owns 3,540 shares of the oil and gas company’s stock valued at $184,000 after acquiring an additional 950 shares during the period. Sapphire Star Partners LP acquired a new stake in shares of Helmerich & Payne during the 3rd quarter valued at about $202,000. Finally, Murphy Capital Management Inc. grew its position in shares of Helmerich & Payne by 2.6% during the 2nd quarter. Murphy Capital Management Inc. now owns 4,000 shares of the oil and gas company’s stock valued at $217,000 after acquiring an additional 100 shares during the period.
About Helmerich & Payne
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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