Helmerich & Payne (NYSE:HP) Posts Earnings Results, Beats Expectations By $0.14 EPS

Helmerich & Payne (NYSE:HP) released its quarterly earnings data on Tuesday, January 29th. The oil and gas company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.14, Bloomberg Earnings reports. Helmerich & Payne had a return on equity of 1.18% and a net margin of 0.06%. The firm had revenue of $740.60 million during the quarter, compared to analyst estimates of $716.12 million.

HP stock opened at $56.50 on Thursday. Helmerich & Payne has a twelve month low of $44.56 and a twelve month high of $74.36. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.29 and a current ratio of 2.70. The stock has a market cap of $6.07 billion, a PE ratio of 403.57 and a beta of 1.57.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 8th will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Thursday, February 7th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 5.03%. Helmerich & Payne’s payout ratio is currently 2,028.57%.

In related news, VP Michael Lennox sold 6,912 shares of the business’s stock in a transaction that occurred on Tuesday, December 11th. The stock was sold at an average price of $60.08, for a total value of $415,272.96. Following the transaction, the vice president now directly owns 10,360 shares of the company’s stock, valued at approximately $622,428.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP John R. Bell sold 13,000 shares of the business’s stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of $60.17, for a total value of $782,210.00. Following the completion of the transaction, the vice president now directly owns 63,375 shares in the company, valued at $3,813,273.75. The disclosure for this sale can be found here. 4.17% of the stock is owned by insiders.

A number of analysts recently commented on HP shares. BMO Capital Markets reaffirmed a “sell” rating and issued a $62.00 price target on shares of Helmerich & Payne in a research note on Sunday, October 21st. Wells Fargo & Co raised Helmerich & Payne from a “market perform” rating to an “outperform” rating and set a $72.00 price target for the company in a research note on Tuesday, December 11th. JPMorgan Chase & Co. upgraded Helmerich & Payne from a “neutral” rating to an “overweight” rating and decreased their price objective for the stock from $66.00 to $63.00 in a report on Tuesday, January 15th. Jefferies Financial Group reiterated a “buy” rating and issued a $76.00 price objective on shares of Helmerich & Payne in a report on Monday, November 19th. Finally, Bank of America downgraded Helmerich & Payne to a “hold” rating in a report on Thursday, December 20th. Four analysts have rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $67.11.

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About Helmerich & Payne

Helmerich & Payne, Inc primarily engages in drilling oil and gas wells for exploration and production companies. The company operates through U.S. Land, Offshore, and International Land segments. The U.S. Land segment drills primarily in Colorado, Louisiana, Ohio, Oklahoma, New Mexico, North Dakota, Pennsylvania, Texas, Utah, West Virginia, and Wyoming.

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Earnings History for Helmerich & Payne (NYSE:HP)

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