Q4 2024 Earnings Estimate for Helmerich & Payne, Inc. (NYSE:HP) Issued By Zacks Research

Helmerich & Payne, Inc. (NYSE:HP) – Stock analysts at Zacks Research decreased their Q4 2024 earnings estimates for shares of Helmerich & Payne in a research report issued to clients and investors 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.

Several other analysts also recently commented on HP. Piper Sandler reduced their price objective on shares of Helmerich & Payne from $39.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, July 15th. Royal Bank of Canada lifted their target price on Helmerich & Payne from $48.00 to $50.00 and gave the stock a “sector perform” rating in a research note on Friday, July 26th. Susquehanna decreased their price objective on Helmerich & Payne from $52.00 to $50.00 and set a “positive” rating for the company in a report on Friday, April 26th. Bank of America decreased their price objective on Helmerich & Payne from $42.50 to $40.00 and set a “buy” rating for the company in a report on Monday, July 15th. Finally, Evercore ISI raised Helmerich & Payne to a “strong-buy” rating in a report on Friday, July 26th. Two investment 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. According to data from MarketBeat, Helmerich & Payne currently has a consensus rating of “Hold” and a consensus price target of $41.88.

Helmerich & Payne Stock Performance

Shares of Helmerich & Payne stock traded up $0.10 during trading on Thursday, reaching $34.82. The company’s stock had a trading volume of 1,422,318 shares, compared to its average volume of 1,313,543. The firm has a market cap of $3.44 billion, a PE ratio of 9.95, a P/E/G ratio of 4.19 and a beta of 1.47. The business’s 50-day moving average price is $36.28 and its 200-day moving average price is $38.37. Helmerich & Payne has a 52 week low of $32.17 and a 52 week high of $46.55. The company has a quick ratio of 1.87, a current ratio of 2.12 and a debt-to-equity ratio of 0.19.

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

Hedge Funds Weigh In On Helmerich & Payne

Several institutional investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC purchased a new stake in shares of Helmerich & Payne during the 1st quarter worth approximately $33,000. Principal Securities Inc. purchased a new stake in Helmerich & Payne in the 4th quarter valued at approximately $35,000. Hexagon Capital Partners LLC lifted its stake in Helmerich & Payne by 514.4% in the 1st quarter. Hexagon Capital Partners LLC now owns 940 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 787 shares in the last quarter. Covestor Ltd lifted its stake in shares of Helmerich & Payne by 253.4% during the 1st quarter. Covestor Ltd now owns 940 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 674 shares during the period. Finally, Whittier Trust Co. lifted its stake in shares of Helmerich & Payne by 94.9% during the 1st quarter. Whittier Trust Co. now owns 1,222 shares of the oil and gas company’s stock worth $51,000 after purchasing an additional 595 shares during the period. 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. Stockholders 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 dividend yield of 2.87%. The ex-dividend date is Friday, August 16th. Helmerich & Payne’s dividend payout ratio (DPR) is currently 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.