Helmerich & Payne, Inc. (NYSE:HP - Free Report) - Stock analysts at Zacks Research dropped their Q1 2025 EPS estimates for Helmerich & Payne in a note issued to investors on Wednesday, November 27th. Zacks Research analyst N. Choudhury now forecasts that the oil and gas company will earn $0.65 per share for the quarter, down from their prior estimate of $0.74. The consensus estimate for Helmerich & Payne's current full-year earnings is $3.21 per share. Zacks Research also issued estimates for Helmerich & Payne's Q2 2026 earnings at $0.87 EPS and FY2027 earnings at $3.62 EPS.
Helmerich & Payne (NYSE:HP - Get Free Report) last posted its quarterly earnings data on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share for the quarter, meeting analysts' consensus estimates of $0.76. Helmerich & Payne had a return on equity of 12.44% and a net margin of 12.48%. The company had revenue of $693.79 million during the quarter, compared to analyst estimates of $695.99 million. During the same quarter last year, the company earned $0.69 EPS. The firm's revenue for the quarter was up 5.2% on a year-over-year basis.
Several other research analysts also recently issued reports on the stock. The Goldman Sachs Group dropped their target price on shares of Helmerich & Payne from $38.00 to $34.00 and set a "sell" rating on the stock in a research note on Thursday, August 29th. Citigroup cut their target price on Helmerich & Payne from $41.00 to $33.00 and set a "neutral" rating on the stock in a research note on Friday, September 13th. Benchmark restated a "hold" rating on shares of Helmerich & Payne in a research note on Thursday, November 21st. Barclays reduced their price objective on Helmerich & Payne from $39.00 to $36.00 and set an "equal weight" rating for the company in a report on Wednesday, November 20th. Finally, 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $38.57.
Check Out Our Latest Report on HP
Helmerich & Payne Stock Up 2.4 %
Shares of HP traded up $0.82 during trading hours on Monday, hitting $35.45. The company had a trading volume of 969,928 shares, compared to its average volume of 1,379,749. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 10.07, a P/E/G ratio of 4.12 and a beta of 1.40. The firm has a fifty day moving average price of $34.16 and a 200-day moving average price of $34.83. 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 quick ratio of 2.40 and a current ratio of 2.67.
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 $0.25 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.00 annualized dividend and a yield of 2.82%. Helmerich & Payne's payout ratio is presently 29.07%.
Hedge Funds Weigh In On Helmerich & Payne
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Covestor Ltd boosted its holdings in Helmerich & Payne by 76.9% in the 3rd quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company's stock worth $45,000 after buying an additional 643 shares during the period. Blue Trust Inc. raised its position in shares of Helmerich & Payne by 127.8% during the third quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company's stock valued at $46,000 after buying an additional 854 shares during the last quarter. Quarry LP bought a new position in shares of Helmerich & Payne during the third quarter worth $48,000. Headlands Technologies LLC grew its stake in Helmerich & Payne by 96.9% during the second 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. Finally, Eastern Bank bought a new stake in Helmerich & Payne in the 3rd quarter valued at $61,000. 96.05% of the stock is currently owned by hedge funds and other institutional investors.
About Helmerich & Payne
(
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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.
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