Helmerich & Payne (NYSE:HP – Get Free Report) is scheduled to announce its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.85 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.
Helmerich & Payne (NYSE:HP – Get Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The oil and gas company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.24. The business had revenue of $677.00 million during the quarter, compared to the consensus estimate of $661.81 million. Helmerich & Payne had a net margin of 15.27% and a return on equity of 15.06%. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.11 earnings per share. On average, analysts expect Helmerich & Payne to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Helmerich & Payne Stock Performance
HP stock opened at $41.25 on Tuesday. The company has a market capitalization of $4.08 billion, a P/E ratio of 9.84, a PEG ratio of 2.01 and a beta of 1.51. The company has a 50-day simple moving average of $40.48 and a 200 day simple moving average of $38.65. Helmerich & Payne has a fifty-two week low of $30.41 and a fifty-two week high of $46.55. The company has a quick ratio of 1.89, a current ratio of 2.11 and a debt-to-equity ratio of 0.20.
Helmerich & Payne Announces Dividend
Wall Street Analyst Weigh In
Several equities research analysts have commented on the stock. The Goldman Sachs Group dropped their price target on shares of Helmerich & Payne from $37.00 to $33.00 and set a “sell” rating on the stock in a research report on Friday, January 12th. Barclays cut shares of Helmerich & Payne from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $44.00 to $40.00 in a research report on Wednesday, January 10th. Susquehanna boosted their price target on shares of Helmerich & Payne from $50.00 to $52.00 and gave the stock a “positive” rating in a research report on Monday, April 8th. Royal Bank of Canada boosted their price objective on Helmerich & Payne from $46.00 to $48.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 31st. Finally, Piper Sandler boosted their price objective on Helmerich & Payne from $41.00 to $44.00 and gave the stock a “neutral” rating in a report on Tuesday, February 20th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Helmerich & Payne has an average rating of “Hold” and a consensus price target of $42.88.
View Our Latest Analysis on HP
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.
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