Brokers Issue Forecasts for Helmerich & Payne, Inc.’s Q4 2017 Earnings (HP)
Helmerich & Payne, Inc. (NYSE:HP) – Analysts at SunTrust Banks issued their Q4 2017 earnings estimates for shares of Helmerich & Payne in a note issued to investors on Tuesday. SunTrust Banks analyst K. Sill anticipates that the oil and gas company will post earnings per share of ($0.21) for the quarter. SunTrust Banks currently has a “Sell” rating and a $37.00 target price on the stock. SunTrust Banks also issued estimates for Helmerich & Payne’s Q1 2018 earnings at ($0.21) EPS, Q2 2018 earnings at ($0.26) EPS, Q3 2018 earnings at ($0.23) EPS, Q4 2018 earnings at ($0.16) EPS and Q1 2019 earnings at ($0.04) EPS.
Helmerich & Payne (NYSE:HP) last released its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.25) earnings per share for the quarter, topping the consensus estimate of ($0.30) by $0.05. Helmerich & Payne had a negative return on equity of 3.37% and a negative net margin of 11.19%. The business had revenue of $498.60 million during the quarter, compared to analysts’ expectations of $452.42 million. During the same quarter last year, the business posted ($0.20) EPS. The business’s revenue was up 36.0% on a year-over-year basis.
A number of other research analysts have also recently commented on HP. Royal Bank Of Canada set a $80.00 target price on Helmerich & Payne and gave the company a “hold” rating in a research note on Saturday, July 1st. Cowen and Company reissued a “hold” rating and issued a $50.00 price objective on shares of Helmerich & Payne in a research note on Friday, August 11th. Jefferies Group LLC set a $50.00 price objective on Helmerich & Payne and gave the stock a “hold” rating in a research note on Thursday. UBS AG reissued a “buy” rating and issued a $60.00 price objective (down previously from $84.00) on shares of Helmerich & Payne in a research note on Monday, July 31st. Finally, Citigroup Inc. cut Helmerich & Payne from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $58.00 to $43.00 in a research note on Friday, July 28th. Nine research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. Helmerich & Payne currently has an average rating of “Hold” and a consensus price target of $54.71.
Helmerich & Payne (NYSE HP) traded down 1.48% during midday trading on Thursday, reaching $51.40. The company’s stock had a trading volume of 110,447 shares. Helmerich & Payne has a 12-month low of $42.16 and a 12-month high of $85.78. The firm’s market cap is $5.58 billion. The company’s 50-day moving average is $47.64 and its 200 day moving average is $54.83.
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 5.37%. 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. Ameritas Investment Partners Inc. acquired a new stake in shares of Helmerich & Payne during the 1st quarter valued at about $172,000. 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. Marshall Wace North America L.P. acquired a new stake in shares of Helmerich & Payne during the 1st quarter valued at about $209,000. 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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