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

Helmerich & Payne (NYSE:HP) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, November 13th. Analysts expect the company to announce earnings of $0.76 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Helmerich & Payne Stock Up 1.9 %

HP stock opened at $36.81 on Tuesday. The company has a market cap of $3.63 billion, a PE ratio of 10.67, a price-to-earnings-growth ratio of 3.83 and a beta of 1.40. The business has a 50-day simple moving average of $33.15 and a 200 day simple moving average of $35.25. Helmerich & Payne has a 52 week low of $29.46 and a 52 week high of $44.11. The company has a quick ratio of 1.87, a current ratio of 2.12 and a debt-to-equity ratio of 0.19.

Helmerich & Payne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Monday, November 18th. Helmerich & Payne’s dividend payout ratio (DPR) is presently 28.99%.

Wall Street Analysts Forecast Growth

HP has been the subject of a number of analyst reports. Citigroup dropped their price target on Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, September 13th. Bank of America decreased their target price on Helmerich & Payne from $42.50 to $40.00 and set a “buy” rating on the stock in a research report on Monday, July 15th. The Goldman Sachs Group decreased their target price on Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating on the stock in a research report on Thursday, August 29th. Barclays decreased their target price on Helmerich & Payne from $42.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 16th. Finally, Evercore ISI upgraded Helmerich & Payne to a “strong-buy” rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Helmerich & Payne currently has an average rating of “Hold” and an average price target of $40.29.

About Helmerich & Payne

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.