Helmerich & Payne, Inc. (NYSE:HP) – Investment analysts at Jefferies Group raised their Q3 2018 earnings estimates for Helmerich & Payne in a research note issued to investors on Thursday. Jefferies Group analyst B. Handler now expects that the oil and gas company will post earnings per share of ($0.02) for the quarter, up from their prior estimate of ($0.04). Jefferies Group has a “Hold” rating and a $65.00 price target on the stock. Jefferies Group also issued estimates for Helmerich & Payne’s FY2018 earnings at ($0.15) EPS, FY2019 earnings at $1.45 EPS and FY2020 earnings at $3.80 EPS.

HP has been the subject of a number of other reports. Deutsche Bank assumed coverage on Helmerich & Payne in a research report on Tuesday, October 10th. They set a “hold” rating and a $45.00 target price for the company. Royal Bank of Canada set a $57.00 price target on Helmerich & Payne and gave the stock a “sector perform” rating in a research report on Friday, November 17th. Cowen set a $50.00 target price on Helmerich & Payne and gave the stock a “hold” rating in a research note on Wednesday, October 18th. Zacks Investment Research downgraded Helmerich & Payne from a “buy” rating to a “hold” rating in a research note on Monday, December 4th. Finally, BMO Capital Markets restated a “sell” rating on shares of Helmerich & Payne in a research note on Friday, October 13th. Seven investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the company. Helmerich & Payne currently has a consensus rating of “Hold” and a consensus target price of $55.67.

Shares of Helmerich & Payne (NYSE:HP) traded up $1.87 during trading on Monday, hitting $68.57. The stock had a trading volume of 1,616,000 shares, compared to its average volume of 1,879,400. The stock has a market cap of $7,243.99, a PE ratio of -57.14 and a beta of 1.30. The company has a current ratio of 3.59, a quick ratio of 3.19 and a debt-to-equity ratio of 0.12. Helmerich & Payne has a 12-month low of $42.16 and a 12-month high of $81.20.

Helmerich & Payne (NYSE:HP) last announced its earnings results on Thursday, November 16th. The oil and gas company reported ($0.14) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.05. The firm had revenue of $532.30 million during the quarter, compared to analysts’ expectations of $493.78 million. Helmerich & Payne had a negative return on equity of 2.96% and a negative net margin of 7.16%. The company’s quarterly revenue was up 60.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.33) EPS.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Monday, February 12th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, February 9th. This represents a $2.80 annualized dividend and a dividend yield of 4.08%. Helmerich & Payne’s dividend payout ratio is currently -233.33%.

In other news, Director Chapman Paula Marshall sold 2,555 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $57.80, for a total value of $147,679.00. Following the sale, the director now directly owns 12,525 shares in the company, valued at $723,945. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 4.23% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Sandy Spring Bank raised its stake in Helmerich & Payne by 36.7% in the third quarter. Sandy Spring Bank now owns 3,540 shares of the oil and gas company’s stock valued at $184,000 after buying an additional 950 shares in the last quarter. Sapphire Star Partners LP acquired a new stake in Helmerich & Payne in the third quarter valued at $202,000. Private Advisor Group LLC acquired a new stake in Helmerich & Payne in the third quarter valued at $206,000. Thrivent Financial For Lutherans raised its stake in Helmerich & Payne by 3.2% in the second quarter. Thrivent Financial For Lutherans now owns 4,140 shares of the oil and gas company’s stock valued at $225,000 after buying an additional 130 shares in the last quarter. Finally, Meridian Wealth Management LLC acquired a new stake in Helmerich & Payne in the third quarter valued at $217,000.

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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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