Atb Cap Markets Analysts Boost Earnings Estimates for Helmerich & Payne, Inc. (NYSE:HP)

Helmerich & Payne, Inc. (NYSE:HPGet Rating) – Investment analysts at Atb Cap Markets lifted their FY2023 earnings per share (EPS) estimates for shares of Helmerich & Payne in a research report issued to clients and investors on Thursday, November 17th. Atb Cap Markets analyst W. Syed now expects that the oil and gas company will post earnings per share of $4.29 for the year, up from their previous estimate of $3.89. The consensus estimate for Helmerich & Payne’s current full-year earnings is $3.77 per share. Atb Cap Markets also issued estimates for Helmerich & Payne’s Q4 2023 earnings at $1.36 EPS, Q1 2024 earnings at $1.44 EPS, Q2 2024 earnings at $1.39 EPS, Q3 2024 earnings at $1.48 EPS and Q4 2024 earnings at $1.53 EPS.

Helmerich & Payne (NYSE:HPGet Rating) last issued its quarterly earnings data on Thursday, November 17th. The oil and gas company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. The business had revenue of $631.33 million for the quarter, compared to analyst estimates of $597.29 million. Helmerich & Payne had a return on equity of 0.45% and a net margin of 0.34%. Helmerich & Payne’s quarterly revenue was up 83.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.62) EPS.

A number of other research analysts also recently issued reports on the company. Royal Bank of Canada boosted their price objective on Helmerich & Payne from $63.00 to $68.00 and gave the company an “outperform” rating in a research note on Friday. Barclays boosted their price objective on Helmerich & Payne to $58.00 in a research note on Tuesday, August 9th. TheStreet raised Helmerich & Payne from a “c” rating to a “b-” rating in a research note on Wednesday, November 16th. StockNews.com initiated coverage on Helmerich & Payne in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Piper Sandler boosted their price objective on Helmerich & Payne from $61.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $57.33.

Helmerich & Payne Stock Up 3.2 %

Shares of HP opened at $53.70 on Monday. The company has a market capitalization of $5.65 billion, a PE ratio of 1,074.21 and a beta of 1.75. Helmerich & Payne has a 12 month low of $20.93 and a 12 month high of $54.59. The stock’s 50-day moving average price is $44.97 and its two-hundred day moving average price is $44.56. The company has a current ratio of 2.54, a quick ratio of 2.14 and a debt-to-equity ratio of 0.20.

Helmerich & Payne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Monday, November 14th. Helmerich & Payne’s payout ratio is 2,000.40%.

Insider Activity at Helmerich & Payne

In other Helmerich & Payne news, SVP John R. Bell sold 4,314 shares of the firm’s stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $50.00, for a total value of $215,700.00. Following the completion of the sale, the senior vice president now directly owns 117,395 shares of the company’s stock, valued at $5,869,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Helmerich & Payne news, SVP John R. Bell sold 4,314 shares of the firm’s stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $50.00, for a total value of $215,700.00. Following the completion of the sale, the senior vice president now directly owns 117,395 shares of the company’s stock, valued at $5,869,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Raymond John Adams III sold 1,500 shares of the firm’s stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $47.50, for a total value of $71,250.00. Following the completion of the sale, the senior vice president now directly owns 52,935 shares of the company’s stock, valued at $2,514,412.50. The disclosure for this sale can be found here. 4.35% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Helmerich & Payne

A number of large investors have recently made changes to their positions in the stock. Captrust Financial Advisors boosted its holdings in shares of Helmerich & Payne by 5.8% in the third quarter. Captrust Financial Advisors now owns 13,630 shares of the oil and gas company’s stock worth $504,000 after acquiring an additional 753 shares during the period. Balyasny Asset Management LLC boosted its stake in Helmerich & Payne by 32.0% during the third quarter. Balyasny Asset Management LLC now owns 116,841 shares of the oil and gas company’s stock valued at $4,320,000 after buying an additional 28,309 shares during the period. Mather Group LLC. bought a new stake in Helmerich & Payne during the third quarter valued at $351,000. United Services Automobile Association boosted its stake in Helmerich & Payne by 1.8% during the third quarter. United Services Automobile Association now owns 11,486 shares of the oil and gas company’s stock valued at $425,000 after buying an additional 198 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in Helmerich & Payne by 7.0% during the third quarter. Thrivent Financial for Lutherans now owns 1,183,029 shares of the oil and gas company’s stock valued at $43,736,000 after buying an additional 77,230 shares during the period. 94.61% of the stock is owned by institutional investors.

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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