Helmerich & Payne, Inc. (NYSE:HP) – Analysts at Piper Jaffray Companies lowered their Q2 2019 earnings estimates for Helmerich & Payne in a research report issued to clients and investors on Tuesday, January 8th. Piper Jaffray Companies analyst J. Daniel now expects that the oil and gas company will earn $0.21 per share for the quarter, down from their previous forecast of $0.36. Piper Jaffray Companies has a “Hold” rating and a $69.00 price objective on the stock. Piper Jaffray Companies also issued estimates for Helmerich & Payne’s Q3 2019 earnings at $0.10 EPS, Q4 2019 earnings at $0.12 EPS, FY2019 earnings at $0.75 EPS, Q1 2020 earnings at $0.17 EPS, Q2 2020 earnings at $0.29 EPS, Q3 2020 earnings at $0.36 EPS, Q4 2020 earnings at $0.51 EPS and FY2020 earnings at $1.34 EPS.
Helmerich & Payne (NYSE:HP) last released its quarterly earnings data on Thursday, November 15th. The oil and gas company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01. Helmerich & Payne had a net margin of 19.41% and a return on equity of 0.41%. The firm had revenue of $696.83 million for the quarter, compared to analysts’ expectations of $683.89 million.
Shares of HP opened at $53.97 on Friday. Helmerich & Payne has a fifty-two week low of $44.56 and a fifty-two week high of $75.02. The firm has a market capitalization of $5.83 billion, a P/E ratio of 385.50 and a beta of 1.42. The company has a current ratio of 2.96, a quick ratio of 2.54 and a debt-to-equity ratio of 0.11.
A number of institutional investors have recently made changes to their positions in HP. Ffcm LLC increased its holdings in shares of Helmerich & Payne by 4.0% during the third quarter. Ffcm LLC now owns 20,198 shares of the oil and gas company’s stock valued at $1,375,000 after acquiring an additional 780 shares in the last quarter. Toronto Dominion Bank increased its holdings in Helmerich & Payne by 1.2% in the 3rd quarter. Toronto Dominion Bank now owns 70,803 shares of the oil and gas company’s stock worth $4,868,000 after buying an additional 809 shares during the period. Redwood Investment Management LLC increased its holdings in Helmerich & Payne by 25.3% in the 3rd quarter. Redwood Investment Management LLC now owns 4,323 shares of the oil and gas company’s stock worth $297,000 after buying an additional 872 shares during the period. Broadview Advisors LLC increased its holdings in Helmerich & Payne by 1.7% in the 3rd quarter. Broadview Advisors LLC now owns 57,400 shares of the oil and gas company’s stock worth $3,947,000 after buying an additional 950 shares during the period. Finally, Meiji Yasuda Life Insurance Co increased its holdings in Helmerich & Payne by 12.7% in the 3rd quarter. Meiji Yasuda Life Insurance Co now owns 8,690 shares of the oil and gas company’s stock worth $598,000 after buying an additional 980 shares during the period. Institutional investors and hedge funds own 90.67% of the company’s stock.
In other Helmerich & Payne news, VP John R. Bell sold 13,000 shares of the business’s stock in a transaction dated Monday, November 26th. The shares were sold at an average price of $60.17, for a total value of $782,210.00. Following the completion of the transaction, the vice president now directly owns 63,375 shares in the company, valued at $3,813,273.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael Lennox sold 6,912 shares of the business’s stock in a transaction dated Tuesday, December 11th. The stock was sold at an average price of $60.08, for a total transaction of $415,272.96. Following the completion of the transaction, the vice president now owns 10,360 shares of the company’s stock, valued at $622,428.80. The disclosure for this sale can be found here. 4.10% of the stock is owned by corporate insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 8th will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 5.26%. The ex-dividend date of this dividend is Thursday, February 7th. Helmerich & Payne’s dividend payout ratio (DPR) is presently 2,028.57%.
About Helmerich & Payne
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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