Helmerich & Payne (NYSE:HP) Issues Earnings Results

Helmerich & Payne (NYSE:HP) released its quarterly earnings data on Wednesday. The oil and gas company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02, Zacks reports. Helmerich & Payne had a return on equity of 12.44% and a net margin of 12.48%.

Helmerich & Payne Stock Up 1.8 %

Shares of NYSE:HP traded up $0.58 during trading on Wednesday, hitting $33.17. The company’s stock had a trading volume of 2,561,859 shares, compared to its average volume of 1,262,850. Helmerich & Payne has a fifty-two week low of $29.46 and a fifty-two week high of $44.11. The stock’s 50-day moving average price is $33.45 and its two-hundred day moving average price is $33.86. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.40 and a current ratio of 2.67. The company has a market capitalization of $3.34 billion, a PE ratio of 9.64, a PEG ratio of 3.88 and a beta of 1.37.

Helmerich & Payne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th 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 3.02%. The ex-dividend date of this dividend is Friday, February 14th. Helmerich & Payne’s payout ratio is 29.07%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on HP shares. Citigroup upgraded shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and raised their price target for the company from $33.00 to $40.00 in a report on Friday, January 10th. Royal Bank of Canada cut their target price on shares of Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating on the stock in a research note on Friday, November 15th. Barclays decreased their price target on shares of Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 20th. Evercore ISI reissued an “in-line” rating and issued a $39.00 price objective (down from $48.00) on shares of Helmerich & Payne in a research report on Wednesday, January 15th. Finally, Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $39.50.

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.