$0.18 EPS Expected for Helmerich & Payne, Inc. (HP) This Quarter

Wall Street analysts predict that Helmerich & Payne, Inc. (NYSE:HP) will report earnings of $0.18 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Helmerich & Payne’s earnings, with estimates ranging from $0.11 to $0.27. Helmerich & Payne reported earnings per share of ($0.13) in the same quarter last year, which suggests a positive year over year growth rate of 238.5%. The company is scheduled to announce its next quarterly earnings report before the market opens on Friday, November 16th.

According to Zacks, analysts expect that Helmerich & Payne will report full year earnings of $0.14 per share for the current financial year, with EPS estimates ranging from $0.10 to $0.19. For the next fiscal year, analysts forecast that the business will report earnings of $1.51 per share, with EPS estimates ranging from $0.83 to $2.80. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Helmerich & Payne.

Several equities research analysts recently issued reports on the stock. Cowen set a $57.00 target price on shares of Helmerich & Payne and gave the stock a “hold” rating in a report on Monday, July 30th. ValuEngine lowered shares of Helmerich & Payne from a “buy” rating to a “hold” rating in a report on Monday, July 16th. Wells Fargo & Co set a $72.00 target price on shares of Helmerich & Payne and gave the stock a “hold” rating in a report on Monday, October 15th. They noted that the move was a valuation call. B. Riley raised shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and increased their target price for the stock from $68.00 to $83.00 in a report on Monday, September 24th. Finally, Piper Jaffray Companies set a $67.00 target price on shares of Helmerich & Payne and gave the stock a “hold” rating in a report on Sunday, July 29th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. Helmerich & Payne has an average rating of “Hold” and an average target price of $72.00.

Shares of NYSE HP traded up $0.22 during midday trading on Friday, hitting $62.59. 965,021 shares of the company’s stock traded hands, compared to its average volume of 1,200,570. The firm has a market capitalization of $7.16 billion, a P/E ratio of -49.28 and a beta of 1.30. Helmerich & Payne has a 1 year low of $52.53 and a 1 year high of $75.02. The company has a quick ratio of 2.57, a current ratio of 2.97 and a debt-to-equity ratio of 0.11.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Monday, November 12th will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date is Thursday, November 8th. Helmerich & Payne’s dividend payout ratio (DPR) is currently -223.62%.

In other Helmerich & Payne news, Director Chapman Paula Marshall sold 11,309 shares of the stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $65.13, for a total transaction of $736,555.17. Following the completion of the sale, the director now directly owns 14,874 shares of the company’s stock, valued at approximately $968,743.62. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO John W. Lindsay sold 30,000 shares of the stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $70.00, for a total transaction of $2,100,000.00. The disclosure for this sale can be found here. Company insiders own 4.10% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Broadview Advisors LLC lifted its position in Helmerich & Payne by 1.7% in the third quarter. Broadview Advisors LLC now owns 57,400 shares of the oil and gas company’s stock worth $3,947,000 after buying an additional 950 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in Helmerich & Payne by 27.7% in the third quarter. Canada Pension Plan Investment Board now owns 273,710 shares of the oil and gas company’s stock worth $18,823,000 after buying an additional 59,300 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Helmerich & Payne by 17.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,018 shares of the oil and gas company’s stock worth $2,202,000 after buying an additional 4,814 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its position in Helmerich & Payne by 52.6% in the third quarter. Ontario Teachers Pension Plan Board now owns 15,428 shares of the oil and gas company’s stock worth $1,061,000 after buying an additional 5,315 shares during the last quarter. Finally, FMR LLC lifted its position in Helmerich & Payne by 16.4% in the third quarter. FMR LLC now owns 144,955 shares of the oil and gas company’s stock worth $9,968,000 after buying an additional 20,414 shares during the last quarter. 92.17% of the stock is owned by institutional investors and hedge funds.

About Helmerich & Payne

Helmerich & Payne, Inc primarily engages in drilling oil and gas wells for exploration and production companies. The company operates through U.S. Land, Offshore, and International Land segments. The U.S. Land segment drills primarily in Colorado, Louisiana, Ohio, Oklahoma, New Mexico, North Dakota, Pennsylvania, Texas, Utah, West Virginia, and Wyoming.

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

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