Helmerich & Payne, Inc. (NYSE:HP) – Analysts at Jefferies Financial Group issued their Q1 2019 earnings estimates for Helmerich & Payne in a research note issued on Tuesday, June 19th. Jefferies Financial Group analyst B. Handler forecasts that the oil and gas company will post earnings of $0.24 per share for the quarter. Jefferies Financial Group has a “Buy” rating and a $80.00 price objective on the stock. Jefferies Financial Group also issued estimates for Helmerich & Payne’s Q2 2019 earnings at $0.25 EPS, Q3 2019 earnings at $0.43 EPS and Q4 2019 earnings at $0.62 EPS.
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A number of other research firms have also issued reports on HP. Susquehanna Bancshares upgraded Helmerich & Payne from a “neutral” rating to a “positive” rating and increased their target price for the company from $42.16 to $75.00 in a report on Friday, March 9th. Zacks Investment Research lowered Helmerich & Payne from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. UBS Group upgraded Helmerich & Payne from a “neutral” rating to a “positive” rating in a report on Friday, March 9th. Wells Fargo & Co upgraded Helmerich & Payne from an “underperform” rating to a “market perform” rating in a report on Wednesday, April 11th. Finally, ValuEngine lowered Helmerich & Payne from a “hold” rating to a “sell” rating in a report on Thursday, March 15th. Five research analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $58.88.
Shares of NYSE:HP opened at $64.04 on Wednesday. The firm has a market cap of $6.95 billion, a PE ratio of -50.43 and a beta of 1.31. Helmerich & Payne has a one year low of $42.16 and a one year high of $75.02. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.32 and a quick ratio of 2.90.
Helmerich & Payne (NYSE:HP) last announced its quarterly earnings data on Thursday, April 26th. The oil and gas company reported ($0.05) EPS for the quarter, meeting analysts’ consensus estimates of ($0.05). Helmerich & Payne had a negative return on equity of 0.81% and a net margin of 20.39%. The company had revenue of $577.50 million during the quarter, compared to the consensus estimate of $566.02 million. During the same quarter in the prior year, the firm earned ($0.47) EPS. The company’s quarterly revenue was up 42.5% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 31st. Stockholders of record on Friday, August 17th will be paid a $0.71 dividend. The ex-dividend date is Thursday, August 16th. This is an increase from Helmerich & Payne’s previous quarterly dividend of $0.70. This represents a $2.84 dividend on an annualized basis and a dividend yield of 4.43%. Helmerich & Payne’s dividend payout ratio is -220.47%.
In other Helmerich & Payne news, VP Robert L. Stauder sold 3,820 shares of the stock in a transaction on Wednesday, May 9th. The shares were sold at an average price of $69.30, for a total transaction of $264,726.00. Following the transaction, the vice president now directly owns 21,016 shares of the company’s stock, valued at $1,456,408.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Juan Pablo Tardio sold 52,781 shares of the stock in a transaction on Friday, May 18th. The stock was sold at an average price of $72.44, for a total transaction of $3,823,455.64. Following the transaction, the chief financial officer now directly owns 25,628 shares in the company, valued at $1,856,492.32. The disclosure for this sale can be found here. Insiders sold 67,481 shares of company stock worth $4,805,174 over the last ninety days. 4.10% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of HP. Teacher Retirement System of Texas acquired a new position in Helmerich & Payne during the fourth quarter worth $1,891,000. California Public Employees Retirement System boosted its holdings in Helmerich & Payne by 2.2% during the fourth quarter. California Public Employees Retirement System now owns 374,165 shares of the oil and gas company’s stock valued at $24,186,000 after acquiring an additional 8,127 shares during the period. First Trust Advisors LP boosted its holdings in Helmerich & Payne by 1.5% during the fourth quarter. First Trust Advisors LP now owns 164,261 shares of the oil and gas company’s stock valued at $10,618,000 after acquiring an additional 2,421 shares during the period. Wells Fargo & Company MN boosted its holdings in Helmerich & Payne by 3.0% during the fourth quarter. Wells Fargo & Company MN now owns 525,744 shares of the oil and gas company’s stock valued at $33,985,000 after acquiring an additional 15,521 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in Helmerich & Payne by 3.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 173,122 shares of the oil and gas company’s stock valued at $11,191,000 after acquiring an additional 6,258 shares during the period. 95.92% of the stock is currently owned by hedge funds and other institutional investors.
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.