Helmerich & Payne (HP) Projected to Post Earnings on Wednesday

Helmerich & Payne (NYSE:HP) is expected to be issuing its quarterly earnings data after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.69 per share and revenue of $692.58 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.76. Helmerich & Payne had a return on equity of 12.44% and a net margin of 12.48%. The company had revenue of $693.79 million for the quarter, compared to the consensus estimate of $695.99 million. During the same quarter in the prior year, the business posted $0.69 earnings per share. Helmerich & Payne’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, analysts expect Helmerich & Payne to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Helmerich & Payne Price Performance

Shares of Helmerich & Payne stock opened at $31.30 on Tuesday. The business has a 50 day simple moving average of $33.48 and a two-hundred day simple moving average of $33.90. Helmerich & Payne has a 12 month low of $29.46 and a 12 month high of $44.11. The stock has a market capitalization of $3.15 billion, a P/E ratio of 9.10, a PEG ratio of 3.88 and a beta of 1.37. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.67 and a quick ratio of 2.40.

Helmerich & Payne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.25 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.00 annualized dividend and a dividend yield of 3.20%. Helmerich & Payne’s dividend payout ratio is presently 29.07%.

Wall Street Analysts Forecast Growth

HP has been the subject of several recent research reports. Evercore ISI reaffirmed an “in-line” rating and issued a $39.00 price target (down previously from $48.00) on shares of Helmerich & Payne in a report on Wednesday, January 15th. Barclays lowered their price target on Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 20th. Benchmark restated a “hold” rating on shares of Helmerich & Payne in a research report on Thursday, November 21st. Citigroup upgraded Helmerich & Payne from a “neutral” rating to a “buy” rating and raised their price target for the stock from $33.00 to $40.00 in a research report on Friday, January 10th. Finally, Royal Bank of Canada lowered their price target on Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating for the company in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Helmerich & Payne presently has an average rating of “Hold” and a consensus price target of $39.50.

About Helmerich & Payne

Founded in 1920, Helmerich & Payne, Inc (H&P) (NYSE: HP) is committed to delivering industry leading levels of drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for its customers and returns for shareholders.