Helmerich & Payne (HP) Projected to Post Earnings on Wednesday

Helmerich & Payne (NYSE:HP) will likely be posting its quarterly earnings results after the market closes on Wednesday, February 5th. Analysts expect Helmerich & Payne to post earnings of $0.69 per share and revenue of $692.58 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Helmerich & Payne (NYSE:HP) last issued its earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.76. The company had revenue of $693.79 million for the quarter, compared to analysts’ expectations of $695.99 million. Helmerich & Payne had a return on equity of 12.44% and a net margin of 12.48%. Helmerich & Payne’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the business earned $0.69 EPS. On average, analysts expect Helmerich & Payne to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Helmerich & Payne Stock Performance

Shares of HP stock opened at $32.93 on Wednesday. Helmerich & Payne has a 12 month low of $29.46 and a 12 month high of $44.11. The firm has a market capitalization of $3.31 billion, a PE ratio of 9.57, a price-to-earnings-growth ratio of 4.45 and a beta of 1.39. The firm has a fifty day simple moving average of $33.72 and a two-hundred day simple moving average of $34.13. The company has a current ratio of 2.67, a quick ratio of 2.40 and a debt-to-equity ratio of 0.61.

Helmerich & Payne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend is Friday, February 14th. Helmerich & Payne’s payout ratio is presently 29.07%.

Analyst Ratings Changes

A number of analysts have commented on the company. Benchmark reissued a “hold” rating on shares of Helmerich & Payne in a report on Thursday, November 21st. Barclays lowered their price target on Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 20th. Evercore ISI restated an “in-line” rating and set a $39.00 price objective (down from $48.00) on shares of Helmerich & Payne in a research note on Wednesday, January 15th. Royal Bank of Canada reduced their target price on shares of Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating for the company in a research note on Friday, November 15th. Finally, Citigroup raised shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and raised their price target for the company from $33.00 to $40.00 in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Helmerich & Payne presently has an average rating of “Hold” and an average price target of $39.50.

Helmerich & Payne Company Profile

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.