Jefferies Group Comments on Helmerich & Payne, Inc.’s Q1 2018 Earnings (HP)
Helmerich & Payne, Inc. (NYSE:HP) – Research analysts at Jefferies Group issued their Q1 2018 earnings per share estimates for shares of Helmerich & Payne in a research note issued on Monday. Jefferies Group analyst B. Handler forecasts that the oil and gas company will post earnings of ($0.12) per share for the quarter. Jefferies Group has a “Hold” rating and a $50.00 price target on the stock. Jefferies Group also issued estimates for Helmerich & Payne’s Q2 2018 earnings at ($0.10) EPS, Q3 2018 earnings at ($0.10) EPS, Q4 2018 earnings at ($0.07) EPS and FY2020 earnings at $2.90 EPS.
Helmerich & Payne (NYSE:HP) last posted its 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 firm had revenue of $498.60 million for the quarter, compared to analysts’ expectations of $452.42 million. Helmerich & Payne had a negative net margin of 11.19% and a negative return on equity of 3.37%. The company’s quarterly revenue was up 36.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.20) EPS. ILLEGAL ACTIVITY NOTICE: “Jefferies Group Comments on Helmerich & Payne, Inc.’s Q1 2018 Earnings (HP)” was first published by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another website, it was stolen and reposted in violation of US and international copyright & trademark laws. The correct version of this news story can be accessed at https://www.watchlistnews.com/jefferies-group-comments-on-helmerich-payne-inc-s-q1-2018-earnings-hp/1636675.html.
A number of other research analysts also recently weighed in on HP. Royal Bank Of Canada restated a “hold” rating and set a $65.00 price objective on shares of Helmerich & Payne in a research report on Thursday, July 20th. Zacks Investment Research downgraded shares of Helmerich & Payne from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. BMO Capital Markets lowered their price objective on shares of Helmerich & Payne from $54.00 to $40.00 and set an “underperform” rating on the stock in a research report on Friday, July 14th. Bank of America Corporation downgraded shares of Helmerich & Payne from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $71.00 to $55.00 in a research report on Friday, June 30th. Finally, Seaport Global Securities restated a “sell” rating on shares of Helmerich & Payne in a research report on Thursday, July 20th. Nine equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $54.27.
Helmerich & Payne (NYSE:HP) traded down 0.4561% during midday trading on Tuesday, hitting $52.2904. 108,164 shares of the company were exchanged. The stock’s market capitalization is $5.68 billion. The stock has a 50 day moving average of $49.17 and a 200-day moving average of $54.06. Helmerich & Payne has a 1-year low of $42.16 and a 1-year high of $85.78.
Institutional investors have recently added to or reduced their stakes in the company. Ffcm LLC lifted its holdings in shares of Helmerich & Payne by 409.2% in the 2nd quarter. Ffcm LLC now owns 2,872 shares of the oil and gas company’s stock worth $160,000 after acquiring an additional 2,308 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of Helmerich & Payne in the 1st quarter worth about $172,000. AlphaMark Advisors LLC lifted its holdings in shares of Helmerich & Payne by 3.1% in the 2nd quarter. AlphaMark Advisors LLC now owns 3,326 shares of the oil and gas company’s stock worth $181,000 after acquiring an additional 101 shares during the last quarter. Marshall Wace North America L.P. bought a new stake in shares of Helmerich & Payne in the 1st quarter worth about $209,000. Finally, Murphy Capital Management Inc. lifted its holdings in shares of Helmerich & Payne by 2.6% in the 2nd quarter. Murphy Capital Management Inc. now owns 4,000 shares of the oil and gas company’s stock worth $217,000 after acquiring an additional 100 shares during the last quarter.
In other news, CEO John W. Lindsay bought 5,000 shares of the stock in a transaction dated Tuesday, September 12th. The stock was purchased at an average price of $47.73 per share, for a total transaction of $238,650.00. Following the acquisition, the chief executive officer now owns 147,727 shares of the company’s stock, valued at $7,051,009.71. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 4.23% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 13th will be paid a $0.70 dividend. The ex-dividend date is Friday, November 10th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.33%. Helmerich & Payne’s payout ratio is currently -167.66%.
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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