Zacks Research Issues Pessimistic Estimate for HP Earnings

Helmerich & Payne, Inc. (NYSE:HP) – Equities research analysts at Zacks Research lowered their Q2 2027 EPS estimates for Helmerich & Payne in a research report issued to clients and investors on Wednesday, May 21st. Zacks Research analyst N. Choudhury now expects that the oil and gas company will earn $0.62 per share for the quarter, down from their previous estimate of $0.77. The consensus estimate for Helmerich & Payne’s current full-year earnings is $2.93 per share.

Several other research analysts also recently issued reports on HP. Citigroup restated a “neutral” rating and set a $19.00 price objective (down from $25.00) on shares of Helmerich & Payne in a research report on Monday. TD Cowen reduced their price objective on Helmerich & Payne from $28.00 to $26.00 and set a “hold” rating on the stock in a research note on Friday, May 9th. Barclays decreased their price objective on shares of Helmerich & Payne from $24.00 to $20.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 14th. Morgan Stanley reduced their target price on Helmerich & Payne from $27.00 to $20.00 and set an “underweight” rating for the company in a research note on Friday, May 16th. Finally, The Goldman Sachs Group reduced their price target on shares of Helmerich & Payne from $32.00 to $25.00 and set a “sell” rating on the stock in a research report on Thursday, April 10th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $28.80.

Helmerich & Payne Trading Up 2.7%

NYSE:HP opened at $15.62 on Thursday. The company has a market capitalization of $1.55 billion, a PE ratio of 5.14, a price-to-earnings-growth ratio of 3.52 and a beta of 0.93. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.60. Helmerich & Payne has a 52-week low of $14.65 and a 52-week high of $42.60. The stock has a fifty day simple moving average of $20.78 and a 200-day simple moving average of $27.86.

Helmerich & Payne (NYSE:HP) last released its earnings results on Wednesday, May 7th. The oil and gas company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.63). Helmerich & Payne had a net margin of 11.02% and a return on equity of 11.31%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $961.03 million. During the same period last year, the business posted $0.84 EPS. Helmerich & Payne’s revenue was up 47.7% compared to the same quarter last year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in shares of Helmerich & Payne by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 5,483,028 shares of the oil and gas company’s stock worth $143,209,000 after acquiring an additional 71,168 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Helmerich & Payne by 28.4% in the first quarter. Victory Capital Management Inc. now owns 3,553,181 shares of the oil and gas company’s stock worth $92,809,000 after acquiring an additional 786,250 shares during the last quarter. Earnest Partners LLC grew its position in Helmerich & Payne by 1.0% during the fourth quarter. Earnest Partners LLC now owns 3,487,019 shares of the oil and gas company’s stock worth $111,654,000 after buying an additional 35,013 shares in the last quarter. American Century Companies Inc. boosted its stake in Helmerich & Payne by 12.2% during the first quarter. American Century Companies Inc. now owns 2,983,840 shares of the oil and gas company’s stock worth $77,938,000 after buying an additional 325,484 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Helmerich & Payne by 24.7% during the first quarter. Invesco Ltd. now owns 2,704,134 shares of the oil and gas company’s stock valued at $70,632,000 after purchasing an additional 535,808 shares in the last quarter. Institutional investors own 96.05% of the company’s stock.

Helmerich & Payne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 6.40%. The ex-dividend date of this dividend is Thursday, May 15th. Helmerich & Payne’s dividend payout ratio (DPR) is presently 45.66%.

Helmerich & Payne Company Profile

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.