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.

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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.

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

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