Helmerich & Payne (HP) to Release Quarterly Earnings on Wednesday

Helmerich & Payne (NYSE:HP - Get Free Report) will issue its quarterly earnings data after the market closes on Wednesday, November 13th. Analysts expect the company to announce earnings of $0.76 per share for the quarter. Investors that are interested in participating in the company's earnings conference call can do so using this link.

Helmerich & Payne Stock Up 5.9 %

NYSE HP traded up $2.05 during trading on Wednesday, hitting $36.75. The stock had a trading volume of 2,079,657 shares, compared to its average volume of 1,372,746. Helmerich & Payne has a 12 month low of $29.46 and a 12 month high of $44.11. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.87 and a current ratio of 2.12. The company's 50-day moving average price is $32.86 and its two-hundred day moving average price is $35.40. The company has a market capitalization of $3.63 billion, a PE ratio of 10.06, a P/E/G ratio of 3.49 and a beta of 1.40.

Helmerich & Payne Announces Dividend

The firm also recently declared 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. The ex-dividend date is Monday, November 18th. This represents a $1.00 annualized dividend and a yield of 2.72%. Helmerich & Payne's dividend payout ratio (DPR) is presently 28.99%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on HP shares. Royal Bank of Canada raised their target price on shares of Helmerich & Payne from $48.00 to $50.00 and gave the company a "sector perform" rating in a research note on Friday, July 26th. Barclays cut their target price on shares of Helmerich & Payne from $42.00 to $39.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 16th. Piper Sandler lowered their price target on Helmerich & Payne from $39.00 to $36.00 and set a "neutral" rating on the stock in a research report on Monday, July 15th. Evercore ISI upgraded Helmerich & Payne to a "strong-buy" rating in a research note on Friday, July 26th. Finally, Benchmark reissued a "hold" rating on shares of Helmerich & Payne in a report on Monday, August 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Helmerich & Payne has an average rating of "Hold" and a consensus price target of $40.29.

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.