Equities Analysts Set Expectations for Helmerich & Payne, Inc.’s Q1 2018 Earnings (HP)

Helmerich & Payne, Inc. (NYSE:HP) – Stock analysts at Jefferies Group issued their Q1 2018 earnings per share (EPS) estimates for shares of Helmerich & Payne in a report issued on Monday. Jefferies Group analyst B. Handler forecasts that the oil and gas company will post earnings per share of ($0.12) for the quarter. Jefferies Group has a “Hold” rating and a $50.00 price target on the stock. Jefferies Group also issued estimates for Helmerich & Payne’s Q2 2018 earnings at ($0.10) EPS, Q3 2018 earnings at ($0.10) EPS, Q4 2018 earnings at ($0.07) EPS and FY2020 earnings at $2.90 EPS.

Helmerich & Payne (NYSE:HP) last issued its earnings results on Thursday, July 27th. The oil and gas company reported ($0.25) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.05. Helmerich & Payne had a negative net margin of 11.19% and a negative return on equity of 3.37%. The company had revenue of $498.60 million for the quarter, compared to the consensus estimate of $452.42 million. During the same quarter in the previous year, the company earned ($0.20) EPS. The firm’s revenue for the quarter was up 36.0% compared to the same quarter last year.

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A number of other research analysts have also recently commented on HP. Royal Bank Of Canada set a $80.00 price target on Helmerich & Payne and gave the stock a “hold” rating in a research report on Saturday, July 1st. Cowen and Company restated a “hold” rating and issued a $50.00 price target on shares of Helmerich & Payne in a research report on Friday, August 11th. BMO Capital Markets restated a “sell” rating on shares of Helmerich & Payne in a research report on Friday, October 13th. SunTrust Banks, Inc. restated a “sell” rating and issued a $37.00 price target (down previously from $66.00) on shares of Helmerich & Payne in a research report on Tuesday, October 3rd. Finally, Deutsche Bank AG assumed coverage on Helmerich & Payne in a research report on Tuesday, October 10th. They issued a “hold” rating and a $45.00 price target on the stock. Nine research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $54.27.

Shares of Helmerich & Payne (HP) traded down 0.61% during midday trading on Tuesday, hitting $50.89. 555,930 shares of the stock traded hands. Helmerich & Payne has a 1-year low of $42.16 and a 1-year high of $85.78. The company’s market capitalization is $5.53 billion. The stock has a 50 day moving average of $49.75 and a 200 day moving average of $53.83.

Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in shares of Helmerich & Payne by 4.5% in the second quarter. BlackRock Inc. now owns 11,459,741 shares of the oil and gas company’s stock worth $622,721,000 after acquiring an additional 492,673 shares during the period. Vanguard Group Inc. lifted its stake in shares of Helmerich & Payne by 2.0% in the second quarter. Vanguard Group Inc. now owns 10,714,896 shares of the oil and gas company’s stock worth $582,248,000 after acquiring an additional 205,883 shares during the period. State Street Corp lifted its stake in shares of Helmerich & Payne by 2.7% in the second quarter. State Street Corp now owns 6,457,523 shares of the oil and gas company’s stock worth $350,901,000 after acquiring an additional 172,819 shares during the period. Capital International Investors lifted its stake in shares of Helmerich & Payne by 33.5% in the second quarter. Capital International Investors now owns 5,849,715 shares of the oil and gas company’s stock worth $317,874,000 after acquiring an additional 1,466,700 shares during the period. Finally, Artisan Partners Limited Partnership lifted its stake in shares of Helmerich & Payne by 68.8% in the second quarter. Artisan Partners Limited Partnership now owns 3,904,089 shares of the oil and gas company’s stock worth $212,148,000 after acquiring an additional 1,590,793 shares during the period.

In related news, CEO John W. Lindsay acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were bought at an average cost of $47.73 per share, with a total value of $238,650.00. Following the completion of the purchase, the chief executive officer now directly owns 147,727 shares in the company, valued at $7,051,009.71. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.90% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 13th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date is Friday, November 10th. Helmerich & Payne’s payout ratio is -167.66%.

Helmerich & Payne Company Profile

Helmerich & Payne, Inc is engaged in contract drilling of oil and gas wells for others. The Company operates in the contract drilling industry. The Company’s contract drilling business consists of three segments: U.S. Land, Offshore and International Land. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology.

Earnings History and Estimates for Helmerich & Payne (NYSE:HP)

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