Helmerich & Payne, Inc. (NYSE:HP) – Investment analysts at SunTrust Banks raised their Q2 2018 earnings per share estimates for shares of Helmerich & Payne in a research note issued on Wednesday, Zacks Investment Research reports. SunTrust Banks analyst K. Sill now expects that the oil and gas company will earn ($0.05) per share for the quarter, up from their prior estimate of ($0.15). SunTrust Banks currently has a “Outperform” rating and a $50.00 target price on the stock. SunTrust Banks also issued estimates for Helmerich & Payne’s Q3 2018 earnings at $0.01 EPS, Q4 2018 earnings at $0.07 EPS, FY2018 earnings at $0.18 EPS, Q1 2019 earnings at $0.14 EPS, Q2 2019 earnings at $0.17 EPS, Q3 2019 earnings at $0.31 EPS, Q4 2019 earnings at $0.43 EPS, FY2019 earnings at $1.48 EPS and Q1 2020 earnings at $0.57 EPS.
Other equities research analysts have also issued research reports about the company. Zacks Investment Research raised Helmerich & Payne from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research note on Wednesday, November 29th. Tudor Pickering upgraded Helmerich & Payne from a “hold” rating to a “buy” rating in a report on Thursday, December 21st. Societe Generale upgraded Helmerich & Payne from a “hold” rating to a “buy” rating in a report on Monday, January 29th. Argus lifted their price objective on Helmerich & Payne from $65.00 to $87.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Finally, Stephens initiated coverage on Helmerich & Payne in a report on Tuesday, January 9th. They issued an “equal weight” rating and a $67.00 price objective on the stock. Seven investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $57.68.
Shares of Helmerich & Payne (NYSE:HP) opened at $64.64 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.89 and a current ratio of 3.28. Helmerich & Payne has a 52 week low of $42.16 and a 52 week high of $75.02. The stock has a market capitalization of $6,926.10, a PE ratio of 17.57 and a beta of 1.27.
Helmerich & Payne (NYSE:HP) last posted its quarterly earnings data on Thursday, January 25th. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.14. Helmerich & Payne had a negative return on equity of 1.90% and a net margin of 20.30%. The company had revenue of $564.10 million during the quarter, compared to analyst estimates of $547.64 million. During the same quarter last year, the company earned ($0.33) earnings per share. The firm’s quarterly revenue was up 53.0% on a year-over-year basis.
Several institutional investors and hedge funds have recently modified their holdings of HP. Thrivent Financial For Lutherans boosted its position in shares of Helmerich & Payne by 3.2% in the 2nd quarter. Thrivent Financial For Lutherans now owns 4,140 shares of the oil and gas company’s stock worth $225,000 after purchasing an additional 130 shares in the last quarter. Advisor Group Inc. boosted its position in shares of Helmerich & Payne by 42.7% in the 2nd quarter. Advisor Group Inc. now owns 5,528 shares of the oil and gas company’s stock worth $296,000 after purchasing an additional 1,654 shares in the last quarter. Voya Investment Management LLC boosted its position in shares of Helmerich & Payne by 2.0% in the 2nd quarter. Voya Investment Management LLC now owns 58,419 shares of the oil and gas company’s stock worth $3,175,000 after purchasing an additional 1,170 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new stake in shares of Helmerich & Payne in the 2nd quarter worth approximately $1,238,000. Finally, Royal Bank of Canada boosted its position in shares of Helmerich & Payne by 5.5% in the 2nd quarter. Royal Bank of Canada now owns 62,659 shares of the oil and gas company’s stock worth $3,404,000 after purchasing an additional 3,264 shares in the last quarter.
In other Helmerich & Payne news, Director Chapman Paula Marshall sold 4,122 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $71.40, for a total transaction of $294,310.80. Following the transaction, the director now owns 16,647 shares in the company, valued at approximately $1,188,595.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.10% of the stock is currently owned by corporate insiders.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Monday, February 12th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, February 9th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.33%. Helmerich & Payne’s dividend payout ratio (DPR) is 76.09%.
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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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