Helmerich & Payne (HP) to Release Earnings on Wednesday

Helmerich & Payne (NYSE:HP - Get Free Report) is expected to be announcing its earnings results 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. Persons interested in participating in the company's earnings conference call can do so using this link.

Helmerich & Payne (NYSE:HP - Get Free Report) last announced its earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 EPS for the quarter, hitting the consensus estimate of $0.76. The business 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 was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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

Helmerich & Payne stock traded down $0.24 during trading hours on Friday, hitting $31.58. The company had a trading volume of 1,612,598 shares, compared to its average volume of 994,254. Helmerich & Payne has a one year low of $29.46 and a one year high of $44.11. The firm has a market cap of $3.18 billion, a PE ratio of 9.18, a PEG ratio of 4.02 and a beta of 1.39. The firm has a 50-day moving average of $33.56 and a 200 day moving average of $34.00. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.67 and a quick ratio of 2.40.

Helmerich & Payne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.25 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.00 annualized dividend and a yield of 3.17%. Helmerich & Payne's dividend payout ratio (DPR) is presently 29.07%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HP. Barclays reduced 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 raised shares of Helmerich & Payne from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $33.00 to $40.00 in a report on Friday, January 10th. 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 report on Friday, November 15th. Benchmark reissued a "hold" rating on shares of Helmerich & Payne in a research report on Thursday, November 21st. Finally, Evercore ISI reaffirmed an "in-line" rating and issued a $39.00 price objective (down from $48.00) on shares of Helmerich & Payne in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Helmerich & Payne presently has an average rating of "Hold" and a consensus target price 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.