Capital One Financial Has Pessimistic View of HP Q1 Earnings

Helmerich & Payne, Inc. (NYSE:HP) – Stock analysts at Capital One Financial reduced their Q1 2025 earnings per share estimates for Helmerich & Payne in a research report issued on Monday, November 18th. Capital One Financial analyst D. Becker now anticipates that the oil and gas company will post earnings per share of $0.80 for the quarter, down from their previous estimate of $0.97. The consensus estimate for Helmerich & Payne’s current full-year earnings is $3.57 per share.

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

Helmerich & Payne Stock Down 0.7 %

Shares of HP opened at $33.40 on Tuesday. 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 has a fifty day moving average of $33.60 and a 200 day moving average of $35.05. The company has a market cap of $3.30 billion, a PE ratio of 9.71, a P/E/G ratio of 3.62 and a beta of 1.40. Helmerich & Payne has a 52-week low of $29.46 and a 52-week high of $44.11.

Helmerich & Payne (NYSE:HP) last announced its earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 EPS for the quarter, hitting analysts’ consensus estimates of $0.76. The firm had revenue of $693.79 million during the quarter, compared to analysts’ expectations of $695.99 million. Helmerich & Payne had a return on equity of 12.44% and a net margin of 12.48%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 EPS.

Helmerich & Payne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be given a $0.25 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.00 annualized dividend and a dividend yield of 2.99%. Helmerich & Payne’s payout ratio is presently 29.07%.

Institutional Trading of Helmerich & Payne

Several hedge funds have recently modified their holdings of the company. Covestor Ltd raised its position in shares of Helmerich & Payne by 253.4% in the 1st 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. raised its holdings in shares of Helmerich & Payne by 127.8% during the third quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company’s stock valued at $46,000 after acquiring an additional 854 shares during the last quarter. Quarry LP acquired a new position in Helmerich & Payne during the third quarter worth about $48,000. Headlands Technologies LLC boosted its stake 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 during the last quarter. Finally, Eastern Bank purchased a new stake in shares of Helmerich & Payne in the 3rd quarter valued at approximately $61,000. 96.05% of the stock is owned by hedge funds and other 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.