Zacks Research Equities Analysts Cut Earnings Estimates for Helmerich & Payne, Inc. (NYSE:HP)

Helmerich & Payne, Inc. (NYSE:HP) – Equities research analysts at Zacks Research reduced their Q4 2024 earnings per share estimates for shares of Helmerich & Payne in a research report issued on Wednesday, August 7th. Zacks Research analyst N. Choudhury now anticipates that the oil and gas company will earn $0.70 per share for the quarter, down from their previous estimate of $0.77. The consensus estimate for Helmerich & Payne’s current full-year earnings is $3.51 per share. Zacks Research also issued estimates for Helmerich & Payne’s Q1 2025 earnings at $0.70 EPS, Q2 2025 earnings at $0.69 EPS, Q4 2025 earnings at $0.65 EPS, FY2025 earnings at $2.75 EPS and Q1 2026 earnings at $0.73 EPS.

Helmerich & Payne (NYSE:HP) last released its earnings results 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. The company had revenue of $697.70 million for the quarter, compared to analysts’ expectations of $670.78 million. Helmerich & Payne had a return on equity of 12.39% and a net margin of 12.72%. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.09 EPS.

Several other brokerages have also weighed in on HP. Piper Sandler cut their target price on Helmerich & Payne from $39.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, July 15th. Benchmark reissued a “hold” rating on shares of Helmerich & Payne in a research report on Monday, August 5th. Evercore ISI raised Helmerich & Payne to a “strong-buy” rating in a research report on Friday, July 26th. Royal Bank of Canada raised their target price on Helmerich & Payne from $48.00 to $50.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. Finally, Susquehanna lowered their target price on Helmerich & Payne from $52.00 to $50.00 and set a “positive” rating for the company in a research note on Friday, April 26th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $41.88.

Helmerich & Payne Price Performance

NYSE:HP traded up $0.10 during trading hours on Thursday, reaching $34.82. 1,422,318 shares of the company traded hands, compared to its average volume of 1,313,543. Helmerich & Payne has a 1-year low of $32.17 and a 1-year high of $46.55. The stock has a market cap of $3.44 billion, a P/E ratio of 9.95, a P/E/G ratio of 4.19 and a beta of 1.47. The firm’s 50-day moving average is $36.28 and its 200-day moving average is $38.37. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.12 and a quick ratio of 1.87.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of HP. Jump Financial LLC acquired a new position in shares of Helmerich & Payne during the fourth quarter worth approximately $3,561,000. BNP Paribas Financial Markets raised its holdings in Helmerich & Payne by 61.2% in the fourth quarter. BNP Paribas Financial Markets now owns 331,343 shares of the oil and gas company’s stock worth $12,001,000 after purchasing an additional 125,768 shares during the period. Alberta Investment Management Corp bought a new stake in shares of Helmerich & Payne during the fourth quarter worth $1,206,000. Gendell Jeffrey L increased its position in shares of Helmerich & Payne by 44.9% during the fourth quarter. Gendell Jeffrey L now owns 405,776 shares of the oil and gas company’s stock worth $14,697,000 after acquiring an additional 125,671 shares in the last quarter. Finally, UniSuper Management Pty Ltd bought a new position in Helmerich & Payne in the first quarter valued at $1,065,000. Institutional investors and hedge funds own 96.05% of the company’s stock.

Helmerich & Payne Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Friday, August 16th. Helmerich & Payne’s dividend payout ratio is 28.57%.

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.