Helmerich & Payne (NYSE:HP) Announces Earnings Results, Beats Estimates By $0.02 EPS

Helmerich & Payne (NYSE:HP) released its quarterly earnings results on Wednesday. The oil and gas company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02, Zacks reports. Helmerich & Payne had a net margin of 12.48% and a return on equity of 12.44%.

Helmerich & Payne Stock Performance

NYSE:HP traded down $4.65 on Thursday, hitting $28.54. The stock had a trading volume of 3,704,818 shares, compared to its average volume of 1,358,682. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 3.88 and a beta of 1.37. The company has a quick ratio of 2.40, a current ratio of 2.67 and a debt-to-equity ratio of 0.61. The business’s 50-day simple moving average is $33.41 and its two-hundred day simple moving average is $33.85. Helmerich & Payne has a 52-week low of $27.74 and a 52-week high of $44.11.

Helmerich & Payne Announces Dividend

The firm also recently disclosed 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 of this dividend is Friday, February 14th. This represents a $1.00 annualized dividend and a yield of 3.50%. Helmerich & Payne’s payout ratio is 29.07%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Barclays cut their price objective on shares of 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. Royal Bank of Canada decreased their target price on shares of 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. Evercore ISI reaffirmed an “in-line” rating and set a $39.00 price objective (down previously from $48.00) on shares of Helmerich & Payne in a research report on Wednesday, January 15th. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a research report on Thursday, November 21st. Finally, Citigroup raised shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $33.00 to $40.00 in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.50.

Helmerich & Payne Company Profile

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.