Atb Cap Markets Has Bearish Forecast for HP Q1 Earnings

Helmerich & Payne, Inc. (NYSE:HP - Free Report) - Stock analysts at Atb Cap Markets cut their Q1 2025 earnings per share estimates for shares of Helmerich & Payne in a research report issued to clients and investors on Thursday, November 14th. Atb Cap Markets analyst W. Syed now forecasts that the oil and gas company will post earnings of $0.70 per share for the quarter, down from their prior estimate 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.

A number of other equities analysts have also issued reports on HP. The Goldman Sachs Group decreased their price target on Helmerich & Payne from $38.00 to $34.00 and set a "sell" rating for the company in a research note on Thursday, August 29th. Barclays lowered their target price on Helmerich & Payne from $42.00 to $39.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 16th. Benchmark reissued a "hold" rating on shares of Helmerich & Payne in a report on Monday, August 5th. Citigroup lowered their price objective on shares of Helmerich & Payne from $41.00 to $33.00 and set a "neutral" rating on the stock in a research note on Friday, September 13th. Finally, Evercore ISI upgraded shares of Helmerich & Payne to a "strong-buy" rating in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $39.00.

Helmerich & Payne Price Performance

Shares of Helmerich & Payne stock traded up $0.02 on Monday, hitting $33.62. The company had a trading volume of 1,323,658 shares, compared to its average volume of 1,386,097. Helmerich & Payne has a 52 week low of $29.46 and a 52 week high of $44.11. 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 company has a market cap of $3.32 billion, a PE ratio of 9.84, a PEG ratio of 3.59 and a beta of 1.40. The business has a 50-day simple moving average of $33.48 and a 200-day simple moving average of $35.12.

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

Helmerich & Payne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Monday, November 18th. Helmerich & Payne's payout ratio is 29.07%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Arizona State Retirement System increased its stake in shares of Helmerich & Payne by 1.3% in the second quarter. Arizona State Retirement System now owns 27,667 shares of the oil and gas company's stock worth $1,000,000 after acquiring an additional 342 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Helmerich & Payne by 2.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 22,002 shares of the oil and gas company's stock worth $795,000 after buying an additional 513 shares during the last quarter. KBC Group NV boosted its stake in shares of Helmerich & Payne by 20.3% during the 3rd quarter. KBC Group NV now owns 3,130 shares of the oil and gas company's stock worth $95,000 after acquiring an additional 529 shares in the last quarter. Covestor Ltd increased its holdings in shares of Helmerich & Payne by 76.9% during the 3rd quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company's stock valued at $45,000 after acquiring an additional 643 shares during the last quarter. Finally, Headlands Technologies LLC raised its stake in shares of Helmerich & Payne by 96.9% in the 2nd quarter. Headlands Technologies LLC now owns 1,538 shares of the oil and gas company's stock valued at $56,000 after acquiring an additional 757 shares in the last quarter. 96.05% of the stock is owned by institutional investors and hedge funds.

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.