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.
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