Helmerich & Payne, Inc. to Post Q4 2019 Earnings of $0.34 Per Share, Capital One Financial Forecasts (NYSE:HP)

Helmerich & Payne, Inc. (NYSE:HP) – Equities researchers at Capital One Financial lowered their Q4 2019 earnings per share (EPS) estimates for Helmerich & Payne in a research report issued on Tuesday, July 9th. Capital One Financial analyst L. Lemoine now expects that the oil and gas company will post earnings per share of $0.34 for the quarter, down from their prior forecast of $0.40.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings results on Wednesday, April 24th. The oil and gas company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.38 by $0.18. Helmerich & Payne had a net margin of 2.65% and a return on equity of 2.95%. The firm had revenue of $720.87 million for the quarter, compared to analysts’ expectations of $712.29 million. During the same period in the previous year, the business earned ($0.05) earnings per share. Helmerich & Payne’s revenue for the quarter was up 24.8% compared to the same quarter last year.

Several other research firms also recently issued reports on HP. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. AltaCorp Capital restated a “sector perform” rating on shares of STEP Energy Services in a report on Thursday, June 20th. Royal Bank of Canada cut their price objective on Patterson-UTI Energy to $21.00 and set an “outperform” rating on the stock in a report on Tuesday, June 18th. Piper Jaffray Companies set a $10.00 price objective on Mammoth Energy Services and gave the stock a “buy” rating in a report on Friday, June 7th. Finally, Susquehanna Bancshares cut their price objective on Helmerich & Payne from $72.00 to $62.00 in a report on Wednesday. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. Helmerich & Payne currently has an average rating of “Hold” and an average target price of $66.05.

Shares of Helmerich & Payne stock opened at $51.77 on Wednesday. The company has a current ratio of 2.80, a quick ratio of 2.37 and a debt-to-equity ratio of 0.11. The business has a 50-day simple moving average of $50.31. Helmerich & Payne has a 52 week low of $44.56 and a 52 week high of $73.74. The company has a market capitalization of $5.64 billion, a PE ratio of 369.79 and a beta of 1.50.

Several institutional investors and hedge funds have recently modified their holdings of HP. Liberty Wealth Management LLC bought a new stake in shares of Helmerich & Payne in the 4th quarter valued at approximately $26,000. Commonwealth Bank of Australia grew its stake in shares of Helmerich & Payne by 150.0% in the 1st quarter. Commonwealth Bank of Australia now owns 500 shares of the oil and gas company’s stock valued at $27,000 after buying an additional 300 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of Helmerich & Payne in the 1st quarter valued at approximately $28,000. Arbor Wealth Management LLC bought a new stake in shares of Helmerich & Payne in the 4th quarter valued at approximately $30,000. Finally, CSat Investment Advisory L.P. grew its stake in shares of Helmerich & Payne by 41.5% in the 4th quarter. CSat Investment Advisory L.P. now owns 679 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 199 shares in the last quarter. Institutional investors own 90.62% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, August 12th will be issued a $0.71 dividend. The ex-dividend date is Friday, August 9th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 5.49%. Helmerich & Payne’s dividend payout ratio is 2,028.57%.

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.

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Earnings History and Estimates for Helmerich & Payne (NYSE:HP)

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