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

Helmerich & Payne (NYSE:HP) issued its quarterly earnings data 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 Price Performance

Shares of HP stock traded down $0.47 during trading hours on Friday, hitting $27.25. The stock had a trading volume of 1,211,062 shares, compared to its average volume of 1,527,172. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.67 and a quick ratio of 2.40. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 7.92, a PEG ratio of 3.88 and a beta of 1.37. Helmerich & Payne has a one year low of $27.06 and a one year high of $44.11. The stock’s 50-day moving average price is $33.27 and its two-hundred day moving average price is $33.81.

Helmerich & Payne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.67%. The ex-dividend date is Friday, February 14th. Helmerich & Payne’s dividend payout ratio (DPR) is presently 29.07%.

Wall Street Analysts Forecast Growth

HP has been the subject of several recent research reports. Barclays cut their target price 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. Citigroup upgraded Helmerich & Payne from a “neutral” rating to a “buy” rating and lifted their target price for the company from $33.00 to $40.00 in a research report on Friday, January 10th. 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 research report on Wednesday, January 15th. Royal Bank of Canada lowered their price objective on Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating on the stock in a research report on Friday, November 15th. Finally, Benchmark reissued a “hold” rating on shares of Helmerich & Payne in a report on Thursday, November 21st. One 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’s stock. According to MarketBeat.com, Helmerich & Payne 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.