Seaport Res Ptn Has Pessimistic Outlook of HP Q1 Earnings

Helmerich & Payne, Inc. (NYSE:HP) – Analysts at Seaport Res Ptn reduced their Q1 2025 earnings estimates for Helmerich & Payne in a research note issued to investors on Thursday, November 14th. Seaport Res Ptn analyst T. Curran now expects that the oil and gas company will earn $0.42 per share for the quarter, down from their prior estimate of $0.53. The consensus estimate for Helmerich & Payne’s current full-year earnings is $3.57 per share. Seaport Res Ptn also issued estimates for Helmerich & Payne’s Q2 2025 earnings at $0.67 EPS and FY2025 earnings at $3.00 EPS.

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, meeting the consensus estimate of $0.76. Helmerich & Payne had a return on equity of 12.44% and a net margin of 12.48%. The firm had revenue of $693.79 million for the quarter, compared to analysts’ expectations of $695.99 million. During the same quarter in the previous year, the firm posted $0.69 EPS. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis.

A number of other research firms have also weighed in on HP. The Goldman Sachs Group lowered their price objective on shares of Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating on the stock in a research report on Thursday, August 29th. Citigroup lowered their target price on shares of Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, September 13th. Evercore ISI raised shares of Helmerich & Payne to a “strong-buy” rating in a report on Friday, July 26th. Barclays reduced their price objective on shares of Helmerich & Payne from $42.00 to $39.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 16th. Finally, Royal Bank of Canada cut their target price on Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating for the company in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $39.00.

Helmerich & Payne Trading Down 0.7 %

NYSE:HP opened at $33.40 on Monday. Helmerich & Payne has a 12-month low of $29.46 and a 12-month high of $44.11. The company has a current ratio of 2.67, a quick ratio of 2.40 and a debt-to-equity ratio of 0.61. The stock’s 50 day simple moving average is $33.60 and its 200-day simple moving average is $35.05. The firm has a market cap of $3.30 billion, a P/E ratio of 9.71, a PEG ratio of 3.62 and a beta of 1.40.

Helmerich & Payne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.99%. The ex-dividend date is Monday, November 18th. Helmerich & Payne’s dividend payout ratio (DPR) is 29.07%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Covestor Ltd grew its position in shares of Helmerich & Payne by 253.4% in the first quarter. Covestor Ltd now owns 940 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 674 shares during the last quarter. Blue Trust Inc. lifted its stake in Helmerich & Payne by 127.8% in the 3rd quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company’s stock valued at $46,000 after buying an additional 854 shares in the last quarter. Quarry LP purchased a new position in Helmerich & Payne during the third quarter worth $48,000. Headlands Technologies LLC increased its position in Helmerich & Payne by 96.9% during the second quarter. Headlands Technologies LLC now owns 1,538 shares of the oil and gas company’s stock worth $56,000 after buying an additional 757 shares in the last quarter. Finally, Eastern Bank acquired a new position in shares of Helmerich & Payne in the third quarter worth $61,000. Hedge funds and other institutional investors own 96.05% of the company’s stock.

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.