Helmerich & Payne, Inc. (NYSE:HP) Plans Quarterly Dividend of $0.25

Helmerich & Payne, Inc. (NYSE:HP) declared a quarterly dividend on Wednesday, June 3rd. Shareholders of record on Tuesday, August 18th will be given a dividend of 0.25 per share by the oil and gas company on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, August 18th.

Helmerich & Payne has decreased its dividend payment by an average of 0.2%per year over the last three years. Helmerich & Payne has a dividend payout ratio of 69.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Helmerich & Payne to earn $1.51 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 66.2%.

Helmerich & Payne Stock Performance

HP opened at $38.49 on Thursday. The firm has a market cap of $3.85 billion, a P/E ratio of -10.15 and a beta of 0.59. Helmerich & Payne has a 1-year low of $15.08 and a 1-year high of $41.82. The company has a 50 day simple moving average of $37.56 and a two-hundred day simple moving average of $33.78. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 1.32.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings results on Wednesday, May 6th. The oil and gas company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.32). The firm had revenue of $932.36 million during the quarter, compared to the consensus estimate of $945.60 million. Helmerich & Payne had a negative return on equity of 1.16% and a negative net margin of 9.38%.The business’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.01 earnings per share. Equities analysts forecast that Helmerich & Payne will post 0.02 earnings per share for the current fiscal year.

Helmerich & Payne Company Profile

Helmerich & Payne, Inc is a leading provider of contract drilling services to the oil and gas industry, specializing primarily in onshore drilling operations. The company designs, engineers and operates a fleet of advanced drilling rigs, including its proprietary FlexRigs, which are engineered for high efficiency, safety and rapid mobilization. Alongside core drilling services, Helmerich & Payne offers well intervention, workover and coiled tubing services, positioning itself as a comprehensive drilling solutions partner for exploration and production companies worldwide.

Founded in 1920 and headquartered in Tulsa, Oklahoma, Helmerich & Payne has grown through innovation and strategic expansion to serve diverse hydrocarbon basins.