Helmerich & Payne (HP) Scheduled to Post Quarterly Earnings on Wednesday

Helmerich & Payne (NYSE:HP) is set to post its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect Helmerich & Payne to post earnings of $0.85 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Helmerich & Payne (NYSE:HP) last posted its earnings results on Tuesday, January 30th. The oil and gas company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.24. The company had revenue of $677.00 million during the quarter, compared to analyst estimates of $661.81 million. Helmerich & Payne had a return on equity of 15.06% and a net margin of 15.27%. Helmerich & Payne’s revenue was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.11 earnings per share. On average, analysts expect Helmerich & Payne to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Helmerich & Payne Stock Down 1.0 %

Helmerich & Payne stock opened at $41.20 on Wednesday. The business has a fifty day moving average of $40.23 and a two-hundred day moving average of $38.60. The company has a quick ratio of 1.89, a current ratio of 2.11 and a debt-to-equity ratio of 0.20. The firm has a market cap of $4.07 billion, a P/E ratio of 9.83, a P/E/G ratio of 8.76 and a beta of 1.51. Helmerich & Payne has a twelve month low of $30.41 and a twelve month high of $46.55.

Helmerich & Payne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be issued a dividend of $0.42 per share. The ex-dividend date is Thursday, May 16th. This represents a $1.68 annualized dividend and a dividend yield of 4.08%. Helmerich & Payne’s dividend payout ratio is presently 23.87%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on HP shares. Benchmark lowered Helmerich & Payne from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. The Goldman Sachs Group reduced their target price on Helmerich & Payne from $37.00 to $33.00 and set a “sell” rating for the company in a research note on Friday, January 12th. Susquehanna raised their target price on Helmerich & Payne from $50.00 to $52.00 and gave the stock a “positive” rating in a research note on Monday, April 8th. Citigroup increased their price target on Helmerich & Payne from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Barclays downgraded Helmerich & Payne from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $44.00 to $40.00 in a research report on Wednesday, January 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Helmerich & Payne has an average rating of “Hold” and a consensus price target of $42.88.

Institutional Trading of Helmerich & Payne

A number of large investors have recently made changes to their positions in HP. Rockefeller Capital Management L.P. boosted its holdings in Helmerich & Payne by 221.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 533 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 367 shares during the last quarter. Quarry LP bought a new stake in Helmerich & Payne in the first quarter valued at about $43,000. Coppell Advisory Solutions Corp. bought a new stake in Helmerich & Payne in the fourth quarter valued at about $45,000. Steward Partners Investment Advisory LLC increased its holdings in Helmerich & Payne by 689.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,145 shares of the oil and gas company’s stock valued at $57,000 after buying an additional 1,000 shares during the last quarter. Finally, Resurgent Financial Advisors LLC bought a new position in shares of Helmerich & Payne during the fourth quarter valued at approximately $65,000. 96.05% of the stock is owned by institutional investors and hedge funds.

About Helmerich & Payne

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.