Zacks Research Cuts Earnings Estimates for Helmerich & Payne

Helmerich & Payne, Inc. (NYSE:HP - Free Report) - Equities research analysts at Zacks Research dropped their Q2 2027 earnings per share estimates for shares of Helmerich & Payne in a research note issued on Wednesday, May 21st. Zacks Research analyst N. Choudhury now forecasts that the oil and gas company will post earnings of $0.62 per share for the quarter, down from their previous forecast of $0.77. The consensus estimate for Helmerich & Payne's current full-year earnings is $2.93 per share.

A number of other equities research analysts have also issued reports on HP. StockNews.com lowered shares of Helmerich & Payne from a "hold" rating to a "sell" rating in a research note on Friday, May 9th. Morgan Stanley lowered their price objective on Helmerich & Payne from $27.00 to $20.00 and set an "underweight" rating for the company in a report on Friday, May 16th. Barclays reduced their target price on Helmerich & Payne from $24.00 to $20.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 14th. Susquehanna decreased their target price on Helmerich & Payne from $43.00 to $28.00 and set a "positive" rating for the company in a research report on Monday, April 14th. Finally, Royal Bank of Canada dropped their price target on Helmerich & Payne from $41.00 to $35.00 and set a "sector perform" rating on the stock in a research report on Friday, February 7th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $28.80.

Helmerich & Payne Price Performance

Shares of HP stock opened at $15.22 on Thursday. The firm has a market cap of $1.51 billion, a P/E ratio of 5.01, a P/E/G ratio of 3.52 and a beta of 0.93. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.81 and a quick ratio of 2.52. Helmerich & Payne has a 1-year low of $15.07 and a 1-year high of $42.60. The firm has a fifty day moving average of $20.97 and a two-hundred day moving average of $27.98.

Helmerich & Payne (NYSE:HP - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.65 by ($0.63). The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $961.03 million. Helmerich & Payne had a return on equity of 11.31% and a net margin of 11.02%. The firm's quarterly revenue was up 47.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.84 EPS.

Helmerich & Payne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th 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 6.57%. The ex-dividend date of this dividend is Thursday, May 15th. Helmerich & Payne's payout ratio is 45.66%.

Institutional Trading of Helmerich & Payne

Several hedge funds have recently made changes to their positions in HP. Kestra Investment Management LLC bought a new position in Helmerich & Payne during the 4th quarter worth $27,000. Versant Capital Management Inc boosted its holdings in shares of Helmerich & Payne by 104.2% during the first quarter. Versant Capital Management Inc now owns 1,699 shares of the oil and gas company's stock valued at $44,000 after acquiring an additional 867 shares during the period. Covestor Ltd grew its position in shares of Helmerich & Payne by 61.3% during the fourth quarter. Covestor Ltd now owns 2,386 shares of the oil and gas company's stock worth $76,000 after acquiring an additional 907 shares during the last quarter. Quarry LP bought a new position in shares of Helmerich & Payne during the first quarter worth about $81,000. Finally, GAMMA Investing LLC increased its holdings in shares of Helmerich & Payne by 85.4% in the 1st quarter. GAMMA Investing LLC now owns 3,167 shares of the oil and gas company's stock worth $83,000 after acquiring an additional 1,459 shares during the period. Institutional investors own 96.05% of the company's stock.

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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