Zacks Research Weighs in on Helmerich & Payne, Inc.’s Q4 2024 Earnings (NYSE:HP)

Helmerich & Payne, Inc. (NYSE:HP) – Analysts at Zacks Research raised their Q4 2024 earnings per share estimates for Helmerich & Payne in a research report issued on Tuesday, September 3rd. Zacks Research analyst N. Choudhury now expects that the oil and gas company will earn $0.74 per share for the quarter, up from their prior forecast of $0.70. The consensus estimate for Helmerich & Payne’s current full-year earnings is $3.56 per share. Zacks Research also issued estimates for Helmerich & Payne’s Q1 2025 earnings at $0.74 EPS, Q2 2025 earnings at $0.72 EPS, Q3 2025 earnings at $0.75 EPS, Q4 2025 earnings at $0.69 EPS and FY2025 earnings at $2.90 EPS.

Several other brokerages also recently weighed in on HP. Royal Bank of Canada upped their target price on shares of Helmerich & Payne from $48.00 to $50.00 and gave the stock a “sector perform” rating in a research note on Friday, July 26th. Evercore ISI raised Helmerich & Payne to a “strong-buy” rating in a research report on Friday, July 26th. The Goldman Sachs Group decreased their target price on Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating for the company in a report on Thursday, August 29th. Bank of America cut their price target on Helmerich & Payne from $42.50 to $40.00 and set a “buy” rating on the stock in a report on Monday, July 15th. Finally, Piper Sandler decreased their price objective on Helmerich & Payne from $39.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Helmerich & Payne presently has a consensus rating of “Hold” and an average target price of $42.00.

Helmerich & Payne Stock Down 1.0 %

Shares of HP opened at $30.34 on Friday. The company’s 50-day simple moving average is $35.61 and its 200-day simple moving average is $37.70. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.87 and a current ratio of 2.12. Helmerich & Payne has a 1 year low of $30.18 and a 1 year high of $46.55. The stock has a market capitalization of $3.00 billion, a PE ratio of 8.67, a P/E/G ratio of 3.50 and a beta of 1.47.

Helmerich & Payne (NYSE:HP) last posted its earnings results on Wednesday, July 24th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.15. The firm had revenue of $697.70 million for the quarter, compared to analyst estimates of $670.78 million. Helmerich & Payne had a return on equity of 12.39% and a net margin of 12.72%. Helmerich & Payne’s revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 EPS.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC acquired a new stake in Helmerich & Payne during the 1st quarter worth $33,000. Principal Securities Inc. purchased a new position in shares of Helmerich & Payne during the fourth quarter worth about $35,000. Hexagon Capital Partners LLC increased its position in shares of Helmerich & Payne by 514.4% during the first quarter. Hexagon Capital Partners LLC now owns 940 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 787 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Helmerich & Payne by 253.4% in the 1st quarter. Covestor Ltd now owns 940 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 674 shares during the last quarter. Finally, Whittier Trust Co. boosted its position in shares of Helmerich & Payne by 94.9% in the 1st quarter. Whittier Trust Co. now owns 1,222 shares of the oil and gas company’s stock valued at $51,000 after purchasing an additional 595 shares during the period. Hedge funds and other institutional investors own 96.05% of the company’s stock.

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.