Helmerich & Payne, Inc. (NYSE:HP) – Analysts at Jefferies Group increased their Q4 2018 earnings per share (EPS) estimates for shares of Helmerich & Payne in a research report issued on Thursday, Zacks Investment Research reports. Jefferies Group analyst B. Handler now anticipates that the oil and gas company will post earnings per share of $0.04 for the quarter, up from their prior estimate of $0.02. Jefferies Group currently has a “Hold” rating and a $65.00 target price on the stock.
HP has been the subject of several other reports. Cowen set a $50.00 price target on shares of Helmerich & Payne and gave the stock a “hold” rating in a report on Wednesday, October 18th. Piper Jaffray Companies reissued a “hold” rating and set a $48.00 price target on shares of Helmerich & Payne in a report on Friday, November 24th. SunTrust Banks increased their price target on shares of Helmerich & Payne to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, December 6th. Royal Bank of Canada set a $57.00 target price on shares of Helmerich & Payne and gave the company a “sector perform” rating in a report on Friday, November 17th. Finally, B. Riley dropped their target price on shares of Helmerich & Payne from $67.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, November 22nd. Seven equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $55.04.
Helmerich & Payne (NYSE HP) opened at $70.26 on Friday. Helmerich & Payne has a 1-year low of $42.16 and a 1-year high of $81.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.59 and a quick ratio of 3.19.
Helmerich & Payne (NYSE:HP) last posted its quarterly earnings results on Thursday, November 16th. The oil and gas company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.05. The firm had revenue of $532.30 million during the quarter, compared to analysts’ expectations of $493.78 million. Helmerich & Payne had a negative net margin of 7.16% and a negative return on equity of 2.96%. The firm’s revenue for the quarter was up 60.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.33) earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Monday, February 12th will be given a $0.70 dividend. The ex-dividend date is Friday, February 9th. This represents a $2.80 annualized dividend and a dividend yield of 3.99%. Helmerich & Payne’s dividend payout ratio is presently -233.33%.
In other news, Director Chapman Paula Marshall sold 2,555 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $57.80, for a total value of $147,679.00. Following the sale, the director now directly owns 12,525 shares in the company, valued at $723,945. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.90% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in HP. Schwab Charles Investment Management Inc. grew its position in shares of Helmerich & Payne by 5.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 675,511 shares of the oil and gas company’s stock valued at $36,708,000 after purchasing an additional 35,865 shares during the last quarter. Utah Retirement Systems boosted its position in Helmerich & Payne by 9.0% during the second quarter. Utah Retirement Systems now owns 19,399 shares of the oil and gas company’s stock worth $1,054,000 after acquiring an additional 1,600 shares during the last quarter. Principal Financial Group Inc. boosted its position in Helmerich & Payne by 12.6% during the second quarter. Principal Financial Group Inc. now owns 266,659 shares of the oil and gas company’s stock worth $14,491,000 after acquiring an additional 29,860 shares during the last quarter. Swiss National Bank boosted its position in Helmerich & Payne by 3.1% during the second quarter. Swiss National Bank now owns 395,052 shares of the oil and gas company’s stock worth $21,467,000 after acquiring an additional 11,800 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its position in Helmerich & Payne by 21.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 33,343 shares of the oil and gas company’s stock worth $1,811,000 after acquiring an additional 5,991 shares during the last quarter.
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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