Helmerich & Payne, Inc. (NYSE:HP) – Analysts at B. Riley issued their FY2018 EPS estimates for shares of Helmerich & Payne in a research report issued on Tuesday, September 25th. B. Riley analyst T. Curran expects that the oil and gas company will post earnings of $0.13 per share for the year. B. Riley currently has a “Buy” rating and a $83.00 target price on the stock. B. Riley also issued estimates for Helmerich & Payne’s Q4 2018 earnings at $0.20 EPS, Q1 2019 earnings at $0.34 EPS, Q2 2019 earnings at $0.41 EPS, Q3 2019 earnings at $0.54 EPS, Q4 2019 earnings at $0.66 EPS, FY2019 earnings at $1.95 EPS and FY2020 earnings at $3.85 EPS.
Helmerich & Payne (NYSE:HP) last announced its quarterly earnings results on Wednesday, July 25th. The oil and gas company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.04). The firm had revenue of $648.87 million for the quarter, compared to analyst estimates of $617.06 million. Helmerich & Payne had a net margin of 19.70% and a negative return on equity of 0.37%. The firm’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.25) earnings per share.
Several other equities research analysts have also issued reports on the company. Royal Bank of Canada upgraded Helmerich & Payne from a “sector perform” rating to an “outperform” rating and set a $90.00 price target for the company in a report on Thursday, September 20th. JPMorgan Chase & Co. upgraded Helmerich & Payne from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $49.00 to $58.00 in a report on Friday, September 14th. Cowen set a $57.00 price target on Helmerich & Payne and gave the company a “hold” rating in a report on Monday, July 30th. ValuEngine upgraded Helmerich & Payne from a “hold” rating to a “buy” rating in a report on Monday, July 30th. Finally, Piper Jaffray Companies set a $67.00 target price on Helmerich & Payne and gave the stock a “hold” rating in a report on Sunday, July 29th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the stock. Helmerich & Payne presently has a consensus rating of “Hold” and an average target price of $68.93.
Shares of Helmerich & Payne stock opened at $68.55 on Thursday. The company has a current ratio of 2.97, a quick ratio of 2.57 and a debt-to-equity ratio of 0.11. Helmerich & Payne has a 52-week low of $49.69 and a 52-week high of $75.02.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Monday, November 12th will be issued a $0.71 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $2.84 annualized dividend and a yield of 4.14%. Helmerich & Payne’s dividend payout ratio (DPR) is currently -223.62%.
In related news, Director Chapman Paula Marshall sold 11,309 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $65.13, for a total value of $736,555.17. Following the completion of the sale, the director now directly owns 14,874 shares in the company, valued at approximately $968,743.62. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.10% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Flagship Harbor Advisors LLC bought a new position in Helmerich & Payne in the 2nd quarter worth approximately $134,000. Rampart Investment Management Company LLC increased its position in Helmerich & Payne by 84.3% in the 1st quarter. Rampart Investment Management Company LLC now owns 2,453 shares of the oil and gas company’s stock worth $163,000 after buying an additional 1,122 shares during the period. Viking Fund Management LLC bought a new position in Helmerich & Payne in the 2nd quarter worth approximately $159,000. Independent Advisor Alliance bought a new position in Helmerich & Payne in the 2nd quarter worth approximately $207,000. Finally, Argus Investors Counsel Inc. bought a new position in Helmerich & Payne in the 2nd quarter worth approximately $243,000. 91.94% of the stock is currently owned by institutional investors.
Helmerich & Payne Company Profile
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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