Helmerich & Payne (HP) to Release Quarterly Earnings on Wednesday

Helmerich & Payne (NYSE:HP) will be posting its quarterly earnings results before the market opens on Wednesday, April 24th. Analysts expect Helmerich & Payne to post earnings of $0.37 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings results on Tuesday, January 29th. The oil and gas company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.14. Helmerich & Payne had a net margin of 0.06% and a return on equity of 1.18%. The company had revenue of $740.60 million during the quarter, compared to analyst estimates of $716.12 million. On average, analysts expect Helmerich & Payne to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

NYSE:HP opened at $62.52 on Monday. Helmerich & Payne has a 52 week low of $44.56 and a 52 week high of $73.90. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.70 and a quick ratio of 2.29. The firm has a market cap of $6.84 billion, a P/E ratio of 446.57 and a beta of 1.51.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 13th will be issued a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $2.84 dividend on an annualized basis and a yield of 4.54%. Helmerich & Payne’s dividend payout ratio is currently 2,028.57%.

A number of equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Helmerich & Payne from a “buy” rating to a “hold” rating in a report on Tuesday, April 2nd. Wells Fargo & Co reiterated a “buy” rating on shares of Helmerich & Payne in a report on Sunday, January 6th. Jefferies Financial Group lowered shares of Helmerich & Payne from a “buy” rating to a “hold” rating and lowered their price target for the company from $64.00 to $56.00 in a report on Friday, March 15th. Seaport Global Securities reiterated a “hold” rating on shares of Helmerich & Payne in a report on Wednesday, January 30th. Finally, Macquarie set a $45.00 price target on shares of Helmerich & Payne and gave the company a “sell” rating in a report on Tuesday, February 5th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $66.47.

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Helmerich & Payne Company Profile

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.

Read More: Gross Domestic Product (GDP)

Earnings History for Helmerich & Payne (NYSE:HP)

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