Helmerich & Payne (HP) Expected to Announce Quarterly Earnings on Wednesday

Helmerich & Payne (NYSE:HP - Get Free Report) is expected to issue its quarterly earnings data after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.69 per share and revenue of $692.58 million for the quarter. Parties interested in listening to the company's conference call can do so using this link.

Helmerich & Payne (NYSE:HP - Get Free Report) last released its quarterly earnings data on Wednesday, November 13th. The oil and gas company reported $0.76 EPS for the quarter, hitting the consensus estimate of $0.76. The company had revenue of $693.79 million during the quarter, compared to the consensus estimate of $695.99 million. Helmerich & Payne had a net margin of 12.48% and a return on equity of 12.44%. Helmerich & Payne's revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the firm earned $0.69 EPS. On average, analysts expect Helmerich & Payne to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Helmerich & Payne Stock Performance

HP traded up $1.42 on Tuesday, hitting $32.62. The company's stock had a trading volume of 1,303,354 shares, compared to its average volume of 1,203,825. The company's 50 day simple moving average is $33.45 and its 200-day simple moving average is $33.86. The firm has a market cap of $3.28 billion, a P/E ratio of 9.48, a price-to-earnings-growth ratio of 3.88 and a beta of 1.37. Helmerich & Payne has a 12 month low of $29.46 and a 12 month high of $44.11. The company has a quick ratio of 2.40, a current ratio of 2.67 and a debt-to-equity ratio of 0.61.

Helmerich & Payne Dividend Announcement

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. This represents a $1.00 annualized dividend and a yield of 3.07%. The ex-dividend date is Friday, February 14th. Helmerich & Payne's dividend payout ratio (DPR) is presently 29.07%.

Wall Street Analyst Weigh In

Several research analysts recently commented on HP shares. 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 report on Wednesday, November 20th. Evercore ISI reiterated an "in-line" rating and issued a $39.00 target price (down from $48.00) on shares of Helmerich & Payne in a research note on Wednesday, January 15th. Benchmark reiterated a "hold" rating on shares of Helmerich & Payne in a research note on Thursday, November 21st. Royal Bank of Canada lowered 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. Finally, Citigroup upgraded shares of Helmerich & Payne from a "neutral" rating to a "buy" rating and increased their target price for the stock from $33.00 to $40.00 in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $39.50.

About Helmerich & Payne

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.