Analysts expect Helmerich & Payne, Inc. (NYSE:HP) to post $701.53 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Helmerich & Payne’s earnings. The lowest sales estimate is $694.00 million and the highest is $708.70 million. Helmerich & Payne posted sales of $564.09 million in the same quarter last year, which suggests a positive year-over-year growth rate of 24.4%. The firm is expected to report its next quarterly earnings results on Thursday, January 24th.
On average, analysts expect that Helmerich & Payne will report full-year sales of $2.87 billion for the current financial year, with estimates ranging from $2.64 billion to $3.08 billion. For the next financial year, analysts anticipate that the firm will report sales of $3.23 billion, with estimates ranging from $2.81 billion to $3.59 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Helmerich & Payne.
Helmerich & Payne (NYSE:HP) last posted its quarterly earnings data on Thursday, November 15th. The oil and gas company reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.01. Helmerich & Payne had a negative return on equity of 0.37% and a net margin of 19.70%. The firm had revenue of $696.83 million during the quarter, compared to analyst estimates of $683.89 million.
In other Helmerich & Payne news, Director Chapman Paula Marshall sold 11,309 shares of Helmerich & Payne stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $65.13, for a total transaction of $736,555.17. Following the completion of the transaction, the director now owns 14,874 shares in the company, valued at approximately $968,743.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John W. Lindsay sold 30,000 shares of Helmerich & Payne stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $70.00, for a total value of $2,100,000.00. The disclosure for this sale can be found here. 4.10% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the business. OppenheimerFunds Inc. boosted its stake in Helmerich & Payne by 6.9% during the 2nd quarter. OppenheimerFunds Inc. now owns 48,924 shares of the oil and gas company’s stock valued at $3,119,000 after purchasing an additional 3,161 shares during the last quarter. PVG Asset Management Corp purchased a new position in shares of Helmerich & Payne in the 2nd quarter worth approximately $947,000. Toronto Dominion Bank boosted its stake in shares of Helmerich & Payne by 19.3% in the 2nd quarter. Toronto Dominion Bank now owns 69,994 shares of the oil and gas company’s stock worth $4,461,000 after buying an additional 11,326 shares during the last quarter. GWM Advisors LLC boosted its stake in shares of Helmerich & Payne by 23.0% in the 3rd quarter. GWM Advisors LLC now owns 6,374 shares of the oil and gas company’s stock worth $438,000 after buying an additional 1,191 shares during the last quarter. Finally, BTIM Corp. boosted its stake in shares of Helmerich & Payne by 3.5% in the 3rd quarter. BTIM Corp. now owns 200,462 shares of the oil and gas company’s stock worth $13,786,000 after buying an additional 6,711 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.
Helmerich & Payne stock traded up $2.55 during midday trading on Monday, reaching $62.59. The stock had a trading volume of 1,979,426 shares, compared to its average volume of 1,265,381. Helmerich & Payne has a 12 month low of $54.00 and a 12 month high of $75.02. The firm has a market capitalization of $6.35 billion, a price-to-earnings ratio of 447.07 and a beta of 1.30. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.97 and a quick ratio of 2.57.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Monday, November 12th will be paid a dividend of $0.71 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $2.84 dividend on an annualized basis and a yield of 4.54%. Helmerich & Payne’s dividend payout ratio (DPR) is currently 2,028.57%.
Helmerich & Payne Company Profile
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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