Q4 2024 EPS Estimates for Helmerich & Payne, Inc. Lifted by Analyst (NYSE:HP)

Helmerich & Payne, Inc. (NYSE:HP) – Stock analysts at Atb Cap Markets boosted their Q4 2024 earnings per share (EPS) estimates for shares of Helmerich & Payne in a research report issued on Tuesday, October 1st. Atb Cap Markets analyst W. Syed now forecasts that the oil and gas company will post earnings of $0.77 per share for the quarter, up from their previous forecast of $0.76. The consensus estimate for Helmerich & Payne’s current full-year earnings is $3.48 per share. Atb Cap Markets also issued estimates for Helmerich & Payne’s Q2 2025 earnings at $0.82 EPS and FY2025 earnings at $3.56 EPS.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings data on Wednesday, July 24th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.15. Helmerich & Payne had a return on equity of 12.39% and a net margin of 12.72%. The company had revenue of $697.70 million for the quarter, compared to analysts’ expectations of $670.78 million. During the same period in the previous year, the firm posted $1.09 EPS. Helmerich & Payne’s revenue was down 3.6% compared to the same quarter last year.

Several other equities research analysts have also recently issued reports on HP. Benchmark reiterated a “hold” rating on shares of Helmerich & Payne in a report on Monday, August 5th. Citigroup reduced their price target on shares of Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating on the stock in a research report on Friday, September 13th. Royal Bank of Canada lifted their price target on shares of Helmerich & Payne from $48.00 to $50.00 and gave the company a “sector perform” rating in a research report on Friday, July 26th. Piper Sandler reduced their price target on shares of Helmerich & Payne from $39.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, July 15th. Finally, Bank of America reduced their price target on shares of Helmerich & Payne from $42.50 to $40.00 and set a “buy” rating on the stock in a research report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $40.88.

Helmerich & Payne Trading Up 2.6 %

HP stock opened at $34.29 on Thursday. The company has a current ratio of 2.12, a quick ratio of 1.87 and a debt-to-equity ratio of 0.19. Helmerich & Payne has a 12-month low of $29.46 and a 12-month high of $44.80. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 9.80, a PEG ratio of 3.62 and a beta of 1.42. The business’s 50-day moving average is $33.23 and its 200 day moving average is $36.70.

Helmerich & Payne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend is Monday, November 18th. Helmerich & Payne’s dividend payout ratio is currently 28.57%.

Hedge Funds Weigh In On Helmerich & Payne

A number of institutional investors and hedge funds have recently modified their holdings of HP. UBS Group AG boosted its stake in Helmerich & Payne by 84.9% in the fourth quarter. UBS Group AG now owns 207,557 shares of the oil and gas company’s stock valued at $7,518,000 after acquiring an additional 95,330 shares in the last quarter. Corient Private Wealth LLC boosted its stake in Helmerich & Payne by 27.3% in the fourth quarter. Corient Private Wealth LLC now owns 19,015 shares of the oil and gas company’s stock valued at $689,000 after acquiring an additional 4,075 shares in the last quarter. Hsbc Holdings PLC boosted its stake in Helmerich & Payne by 39.3% in the fourth quarter. Hsbc Holdings PLC now owns 89,944 shares of the oil and gas company’s stock valued at $3,235,000 after acquiring an additional 25,360 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Helmerich & Payne by 937.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 841,724 shares of the oil and gas company’s stock valued at $30,487,000 after acquiring an additional 760,554 shares in the last quarter. Finally, Exencial Wealth Advisors LLC boosted its stake in shares of Helmerich & Payne by 117.8% during the fourth quarter. Exencial Wealth Advisors LLC now owns 14,668 shares of the oil and gas company’s stock worth $531,000 after buying an additional 7,934 shares during the period. Institutional investors and hedge funds own 96.05% of the company’s stock.

Helmerich & Payne Company Profile

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.