Helmerich & Payne, Inc. (HP) To Go Ex-Dividend on November 18th

Helmerich & Payne, Inc. (NYSE:HP) announced a quarterly dividend on Wednesday, September 16th. Shareholders of record on Wednesday, November 18th will be paid a dividend of 0.25 per share by the oil and gas company on Wednesday, December 2nd. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Wednesday, November 18th.

Helmerich & Payne has decreased its dividend payment by an average of 0.2%per year over the last three years. Helmerich & Payne has a dividend payout ratio of 69.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Helmerich & Payne to earn $1.60 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 62.5%.

Helmerich & Payne Trading Down 0.4%

NYSE:HP opened at $41.51 on Friday. The stock has a 50-day simple moving average of $39.66 and a 200-day simple moving average of $37.55. The stock has a market cap of $4.15 billion, a P/E ratio of -29.44 and a beta of 0.66. Helmerich & Payne has a 1 year low of $20.32 and a 1 year high of $48.17. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.55 and a current ratio of 1.96.

Helmerich & Payne (NYSE:HP) last issued its earnings results on Wednesday, August 5th. The oil and gas company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.20). The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $987.70 million. Helmerich & Payne had a negative return on equity of 2.35% and a negative net margin of 3.43%.Helmerich & Payne’s revenue was down .6% on a year-over-year basis. During the same period last year, the business posted $0.22 EPS. As a group, analysts anticipate that Helmerich & Payne will post -0.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HP. Royal Bank Of Canada raised their price objective on shares of Helmerich & Payne from $44.00 to $49.00 and gave the stock a “sector perform” rating in a report on Thursday, September 10th. The Goldman Sachs Group upped their target price on shares of Helmerich & Payne from $35.00 to $41.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. Barclays lifted their price target on shares of Helmerich & Payne from $47.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Wall Street Zen raised shares of Helmerich & Payne from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Weiss Ratings downgraded shares of Helmerich & Payne from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, August 27th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $43.10.

Helmerich & Payne Company Profile

Helmerich & Payne, Inc is a contract drilling company that provides land and offshore drilling services to oil and gas exploration and production companies. The company operates drilling rigs and supplies related services used to drill, develop and maintain wells.

H&P’s offerings include its FlexRig fleet of high-performance land rigs, directional drilling, automated drilling technologies and rig management services. These capabilities are designed to support horizontal and other complex well programs, particularly in unconventional oil and natural gas basins.

Founded in 1920 by Walter Helmerich and William Payne, the company is headquartered in Tulsa, Oklahoma.