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

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

Helmerich & Payne (NYSE:HP) last announced its quarterly earnings data on Tuesday, January 30th. The oil and gas company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.73 by $0.24. Helmerich & Payne had a net margin of 15.27% and a return on equity of 15.06%. The firm had revenue of $677.00 million during the quarter, compared to analysts’ expectations of $661.81 million. During the same quarter last year, the business earned $1.11 earnings per share. The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. 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 %

Shares of NYSE HP opened at $41.20 on Wednesday. The company has a quick ratio of 1.89, a current ratio of 2.11 and a debt-to-equity ratio of 0.20. Helmerich & Payne has a 52 week low of $30.41 and a 52 week high of $46.55. The firm has a 50-day moving average price of $40.23 and a 200 day moving average price of $38.60. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 9.83, a price-to-earnings-growth ratio of 8.76 and a beta of 1.51.

Helmerich & Payne Dividend Announcement

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

Hedge Funds Weigh In On Helmerich & Payne

A number of large investors have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. bought a new stake in shares of Helmerich & Payne during the 1st quarter worth approximately $208,000. Pathstone Family Office LLC bought a new stake in Helmerich & Payne in the 4th quarter valued at $208,000. Bridgefront Capital LLC bought a new stake in Helmerich & Payne in the 4th quarter valued at $204,000. State of Wyoming raised its stake in Helmerich & Payne by 4,532.7% in the 2nd quarter. State of Wyoming now owns 5,096 shares of the oil and gas company’s stock valued at $181,000 after acquiring an additional 4,986 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Helmerich & Payne by 63.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,733 shares of the oil and gas company’s stock valued at $86,000 after acquiring an additional 672 shares during the period. Institutional investors and hedge funds own 96.05% of the company’s stock.

Analysts Set New Price Targets

HP has been the topic of a number of recent research reports. Barclays cut shares of Helmerich & Payne from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $44.00 to $40.00 in a research report on Wednesday, January 10th. Benchmark lowered shares of Helmerich & Payne from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. Royal Bank of Canada upped their price target on shares of Helmerich & Payne from $46.00 to $48.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 31st. The Goldman Sachs Group lowered their price target on shares of Helmerich & Payne from $37.00 to $33.00 and set a “sell” rating for the company in a research report on Friday, January 12th. Finally, Citigroup upped their price objective on shares of Helmerich & Payne from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $42.88.

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.