Wall Street brokerages expect Helmerich & Payne, Inc. (NYSE:HP) to announce earnings per share (EPS) of $0.28 for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Helmerich & Payne’s earnings, with the lowest EPS estimate coming in at $0.18 and the highest estimate coming in at $0.40. Helmerich & Payne reported earnings per share of ($0.02) during the same quarter last year, which would suggest a positive year-over-year growth rate of 1,500%. The company is scheduled to issue its next quarterly earnings results on Thursday, January 24th.

On average, analysts expect that Helmerich & Payne will report full year earnings of $1.74 per share for the current year, with EPS estimates ranging from $1.09 to $2.62. For the next financial year, analysts forecast that the company will post earnings of $3.39 per share, with EPS estimates ranging from $2.21 to $5.07. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Helmerich & Payne.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings data on Thursday, November 15th. The oil and gas company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.01. Helmerich & Payne had a return on equity of 0.41% and a net margin of 19.41%. The company had revenue of $696.83 million during the quarter, compared to analyst estimates of $683.89 million.

HP has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised Helmerich & Payne from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $49.00 to $58.00 in a report on Friday, September 14th. Royal Bank of Canada upgraded Helmerich & Payne from a “sector perform” rating to an “outperform” rating and set a $90.00 target price for the company in a research report on Thursday, September 20th. B. Riley upgraded Helmerich & Payne from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $68.00 to $83.00 in a research report on Monday, September 24th. Zacks Investment Research downgraded Helmerich & Payne from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 4th. Finally, Capital One Financial upgraded Helmerich & Payne from an “equal weight” rating to an “overweight” rating in a research report on Friday, October 5th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the stock. Helmerich & Payne presently has a consensus rating of “Hold” and a consensus target price of $72.11.

Shares of NYSE HP traded up $0.58 during midday trading on Monday, hitting $60.74. 1,821,106 shares of the company’s stock were exchanged, compared to its average volume of 1,342,181. Helmerich & Payne has a 12-month low of $56.72 and a 12-month high of $75.02. The company has a current ratio of 2.96, a quick ratio of 2.54 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $6.56 billion, a price-to-earnings ratio of 433.86 and a beta of 1.30.

In other Helmerich & Payne news, Director Chapman Paula Marshall sold 11,309 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $65.13, for a total value of $736,555.17. Following the completion of the sale, the director now owns 14,874 shares in the company, valued at $968,743.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John W. Lindsay sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $70.00, for a total value of $2,100,000.00. The disclosure for this sale can be found here. Insiders sold 54,309 shares of company stock valued at $3,618,765 in the last quarter. Corporate insiders own 4.10% of the company’s stock.

A number of hedge funds have recently made changes to their positions in HP. Teachers Advisors LLC raised its holdings in shares of Helmerich & Payne by 13.0% during the third quarter. Teachers Advisors LLC now owns 203,208 shares of the oil and gas company’s stock valued at $13,975,000 after acquiring an additional 23,389 shares in the last quarter. Kentucky Retirement Systems bought a new position in shares of Helmerich & Payne during the third quarter valued at approximately $744,000. AQR Capital Management LLC raised its holdings in shares of Helmerich & Payne by 208.6% during the third quarter. AQR Capital Management LLC now owns 920,657 shares of the oil and gas company’s stock valued at $63,314,000 after acquiring an additional 622,317 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Helmerich & Payne by 1.7% during the third quarter. Advisors Asset Management Inc. now owns 343,203 shares of the oil and gas company’s stock valued at $23,602,000 after acquiring an additional 5,816 shares in the last quarter. Finally, TLP Group LLC bought a new position in shares of Helmerich & Payne during the third quarter valued at approximately $120,000. Hedge funds and other institutional investors own 90.68% of the company’s stock.

Helmerich & Payne Company Profile

Helmerich & Payne, Inc primarily engages in drilling oil and gas wells for exploration and production companies. The company operates through U.S. Land, Offshore, and International Land segments. The U.S. Land segment drills primarily in Colorado, Louisiana, Ohio, Oklahoma, New Mexico, North Dakota, Pennsylvania, Texas, Utah, West Virginia, and Wyoming.

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Earnings History and Estimates for Helmerich & Payne (NYSE:HP)

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