Helmerich & Payne, Inc. (NYSE:HP) to Post Q3 2022 Earnings of $0.09 Per Share, Capital One Financial Forecasts

Helmerich & Payne, Inc. (NYSE:HPGet Rating) – Investment analysts at Capital One Financial upped their Q3 2022 EPS estimates for shares of Helmerich & Payne in a note issued to investors on Wednesday, April 27th. Capital One Financial analyst L. Lemoine now expects that the oil and gas company will post earnings of $0.09 per share for the quarter, up from their previous estimate of ($0.08). Capital One Financial also issued estimates for Helmerich & Payne’s Q4 2022 earnings at $0.30 EPS, Q1 2023 earnings at $0.52 EPS, Q2 2023 earnings at $0.72 EPS, Q3 2023 earnings at $1.09 EPS, Q4 2023 earnings at $1.32 EPS and FY2023 earnings at $3.65 EPS.

Helmerich & Payne (NYSE:HPGet Rating) last released its quarterly earnings data on Wednesday, April 27th. The oil and gas company reported ($0.17) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.32) by $0.15. Helmerich & Payne had a negative return on equity of 8.10% and a negative net margin of 22.22%. The company had revenue of $467.60 million for the quarter, compared to the consensus estimate of $449.63 million. During the same quarter last year, the business posted ($0.60) EPS. Helmerich & Payne’s revenue for the quarter was up 57.9% on a year-over-year basis.

Several other research analysts also recently commented on HP. Morgan Stanley lifted their target price on Helmerich & Payne from $29.00 to $40.00 and gave the stock an “underweight” rating in a report on Monday, April 11th. Piper Sandler lifted their price objective on Helmerich & Payne from $32.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 13th. Benchmark started coverage on Helmerich & Payne in a research report on Monday, April 11th. They issued a “buy” rating and a $53.00 price objective for the company. The Goldman Sachs Group lifted their price objective on Helmerich & Payne from $36.50 to $41.00 and gave the stock a “sell” rating in a research report on Thursday, April 14th. Finally, TheStreet raised Helmerich & Payne from a “d+” rating to a “c-” rating in a research report on Monday, February 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $35.55.

NYSE HP opened at $47.29 on Friday. The company has a market cap of $4.99 billion, a price-to-earnings ratio of -16.48 and a beta of 1.94. Helmerich & Payne has a twelve month low of $20.93 and a twelve month high of $50.50. The business’s fifty day moving average is $42.21 and its 200 day moving average is $33.47. The company has a quick ratio of 2.17, a current ratio of 2.39 and a debt-to-equity ratio of 0.20.

A number of hedge funds and other institutional investors have recently bought and sold shares of HP. FMR LLC grew its stake in shares of Helmerich & Payne by 30.7% in the first quarter. FMR LLC now owns 308,156 shares of the oil and gas company’s stock worth $17,121,000 after purchasing an additional 72,343 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its position in Helmerich & Payne by 9.8% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 92,738 shares of the oil and gas company’s stock valued at $5,153,000 after acquiring an additional 8,308 shares in the last quarter. Morgan Stanley boosted its position in Helmerich & Payne by 44.9% during the 2nd quarter. Morgan Stanley now owns 536,993 shares of the oil and gas company’s stock valued at $17,521,000 after acquiring an additional 166,298 shares in the last quarter. SG Americas Securities LLC bought a new stake in Helmerich & Payne during the 3rd quarter valued at approximately $262,000. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Helmerich & Payne by 10.0% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 8,285 shares of the oil and gas company’s stock valued at $227,000 after purchasing an additional 755 shares during the last quarter. Institutional investors and hedge funds own 86.79% of the company’s stock.

In related news, Director Hans Helmerich sold 150,000 shares of the stock in a transaction on Thursday, March 10th. The stock was sold at an average price of $42.54, for a total value of $6,381,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Sara Marie Momper sold 2,000 shares of the stock in a transaction on Tuesday, March 1st. The shares were sold at an average price of $37.47, for a total value of $74,940.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 161,000 shares of company stock worth $6,793,440. Insiders own 4.35% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 27th. Shareholders of record on Friday, May 13th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, May 12th. This represents a $1.00 annualized dividend and a dividend yield of 2.11%. Helmerich & Payne’s dividend payout ratio is currently -34.84%.

Helmerich & Payne Company Profile (Get Rating)

Founded in 1920, Helmerich & Payne, Inc (H&P) (NYSE: HP) is committed to delivering industry leading levels of drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for its customers and returns for shareholders.

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

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