Atb Cap Markets Issues Negative Forecast for HP Earnings

Helmerich & Payne, Inc. (NYSE:HP) – Equities research analysts at Atb Cap Markets lowered their Q1 2025 EPS estimates for Helmerich & Payne in a report released on Thursday, November 14th. Atb Cap Markets analyst W. Syed now anticipates that the oil and gas company will earn $0.70 per share for the quarter, down from their previous forecast of $0.84. The consensus estimate for Helmerich & Payne’s current full-year earnings is $3.57 per share. Atb Cap Markets also issued estimates for Helmerich & Payne’s Q2 2025 earnings at $0.73 EPS.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings data on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share 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 business had revenue of $693.79 million during the quarter, compared to the consensus estimate of $695.99 million. During the same period in the prior year, the company earned $0.69 earnings per share. The company’s revenue was up 5.2% compared to the same quarter last year.

Other equities research analysts also recently issued research reports about the company. Benchmark reissued a “hold” rating on shares of Helmerich & Payne in a report on Monday, August 5th. Citigroup reduced their target price on Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Royal Bank of Canada reduced their target price on Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating for the company in a report on Friday. The Goldman Sachs Group reduced their target price on Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating for the company in a report on Thursday, August 29th. Finally, Evercore ISI upgraded Helmerich & Payne to a “strong-buy” rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Helmerich & Payne currently has an average rating of “Hold” and a consensus target price of $39.00.

Helmerich & Payne Price Performance

Shares of NYSE HP opened at $33.85 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.67 and a quick ratio of 1.87. The stock has a fifty day moving average price of $33.48 and a 200 day moving average price of $35.12. Helmerich & Payne has a 1-year low of $29.46 and a 1-year high of $44.11. The company has a market cap of $3.34 billion, a PE ratio of 9.84, a P/E/G ratio of 3.59 and a beta of 1.40.

Helmerich & Payne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 2.95%. Helmerich & Payne’s payout ratio is currently 29.07%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in HP. Dimensional Fund Advisors LP lifted its holdings in shares of Helmerich & Payne by 3.3% during the second quarter. Dimensional Fund Advisors LP now owns 5,576,795 shares of the oil and gas company’s stock valued at $201,543,000 after purchasing an additional 176,179 shares during the last quarter. State Street Corp increased its position in Helmerich & Payne by 0.8% in the 3rd quarter. State Street Corp now owns 4,182,972 shares of the oil and gas company’s stock worth $127,246,000 after purchasing an additional 34,395 shares during the last quarter. Pacer Advisors Inc. increased its position in Helmerich & Payne by 9.4% in the 2nd quarter. Pacer Advisors Inc. now owns 3,826,851 shares of the oil and gas company’s stock worth $138,302,000 after purchasing an additional 327,802 shares during the last quarter. Earnest Partners LLC increased its position in Helmerich & Payne by 15.7% in the 2nd quarter. Earnest Partners LLC now owns 3,469,609 shares of the oil and gas company’s stock worth $125,392,000 after purchasing an additional 471,420 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Helmerich & Payne by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,247,214 shares of the oil and gas company’s stock worth $68,373,000 after acquiring an additional 22,875 shares in the last quarter. 96.05% of the stock is currently owned by institutional investors.

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.