Helmerich & Payne, Inc. (NYSE:HP) – Investment analysts at Piper Jaffray Companies dropped their Q2 2019 earnings per share (EPS) estimates for shares of Helmerich & Payne in a research note issued to investors on Tuesday, January 8th. Piper Jaffray Companies analyst J. Daniel now expects that the oil and gas company will post earnings per share of $0.21 for the quarter, down from their prior estimate of $0.36. Piper Jaffray Companies currently has a “Hold” rating and a $69.00 price target on the stock. Piper Jaffray Companies also issued estimates for Helmerich & Payne’s Q3 2019 earnings at $0.10 EPS, Q4 2019 earnings at $0.12 EPS, FY2019 earnings at $0.75 EPS, Q1 2020 earnings at $0.17 EPS, Q2 2020 earnings at $0.29 EPS, Q3 2020 earnings at $0.36 EPS, Q4 2020 earnings at $0.51 EPS and FY2020 earnings at $1.34 EPS.
A number of other equities analysts have also commented on HP. JPMorgan Chase & Co. upgraded shares of Helmerich & Payne from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $49.00 to $58.00 in a report on Friday, September 14th. Royal Bank of Canada raised shares of Helmerich & Payne from a “sector perform” rating to an “outperform” rating and set a $90.00 target price for the company in a research note on Thursday, September 20th. B. Riley raised shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $68.00 to $83.00 in a research note on Monday, September 24th. Zacks Investment Research downgraded shares of Helmerich & Payne from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 4th. Finally, Capital One Financial raised shares of Helmerich & Payne from an “equal weight” rating to an “overweight” rating in a research note on Friday, October 5th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $70.84.
Shares of NYSE:HP opened at $53.97 on Friday. The firm has a market cap of $5.83 billion, a PE ratio of 385.50 and a beta of 1.42. The company has a current ratio of 2.96, a quick ratio of 2.54 and a debt-to-equity ratio of 0.11. Helmerich & Payne has a 52 week low of $44.56 and a 52 week high of $75.02.
Helmerich & Payne (NYSE:HP) last issued its quarterly earnings results on Thursday, November 15th. The oil and gas company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The company had revenue of $696.83 million for the quarter, compared to analyst estimates of $683.89 million. Helmerich & Payne had a net margin of 19.41% and a return on equity of 0.41%.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 8th will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 5.26%. The ex-dividend date is Thursday, February 7th. Helmerich & Payne’s dividend payout ratio (DPR) is currently 2,028.57%.
In other news, VP Michael Lennox sold 6,912 shares of the business’s stock in a transaction dated Tuesday, December 11th. The shares were sold at an average price of $60.08, for a total transaction of $415,272.96. Following the completion of the sale, the vice president now directly owns 10,360 shares of the company’s stock, valued at $622,428.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP John R. Bell sold 13,000 shares of the business’s stock in a transaction dated Monday, November 26th. The stock was sold at an average price of $60.17, for a total transaction of $782,210.00. Following the sale, the vice president now directly owns 63,375 shares of the company’s stock, valued at $3,813,273.75. The disclosure for this sale can be found here. Insiders own 4.10% of the company’s stock.
Large investors have recently bought and sold shares of the company. TLP Group LLC purchased a new position in Helmerich & Payne during the third quarter worth about $120,000. Flagship Harbor Advisors LLC purchased a new position in Helmerich & Payne during the second quarter worth about $134,000. Signition LP purchased a new position in Helmerich & Payne during the third quarter worth about $201,000. Eads & Heald Wealth Management purchased a new position in Helmerich & Payne during the third quarter worth about $202,000. Finally, Abner Herrman & Brock LLC purchased a new position in Helmerich & Payne during the third quarter worth about $206,000. 90.67% of the stock is 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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