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

Helmerich & Payne (NYSE:HP) is expected to announce its earnings results 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. Investors interested in registering for the company’s conference call can do so using this link.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings data on Wednesday, November 13th. The oil and gas company reported $0.76 EPS for the quarter, meeting the consensus estimate of $0.76. The firm had revenue of $693.79 million during the quarter, compared to the consensus estimate of $695.99 million. Helmerich & Payne had a return on equity of 12.44% and a net margin of 12.48%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.69 EPS. 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 Stock Down 0.9 %

HP opened at $31.30 on Tuesday. The company has a market cap of $3.15 billion, a PE ratio of 9.10, a P/E/G ratio of 3.88 and a beta of 1.37. The business has a 50 day moving average price of $33.48 and a two-hundred day moving average price of $33.90. Helmerich & Payne has a 52 week low of $29.46 and a 52 week high of $44.11. The company has a quick ratio of 2.40, a current ratio of 2.67 and a debt-to-equity ratio of 0.61.

Helmerich & Payne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date is Friday, February 14th. Helmerich & Payne’s dividend payout ratio (DPR) is 29.07%.

Analysts Set New Price Targets

HP has been the subject of a number of analyst reports. Barclays cut their target price on Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 20th. Citigroup raised Helmerich & Payne from a “neutral” rating to a “buy” rating and increased their target price for the stock from $33.00 to $40.00 in a research note on Friday, January 10th. Royal Bank of Canada lowered their price target on Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating on the stock in a report on Friday, November 15th. Evercore ISI restated 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. Finally, Benchmark restated a “hold” rating on shares of Helmerich & Payne in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus 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.