Q1 Earnings Estimate for HP Issued By Capital One Financial

Helmerich & Payne, Inc. (NYSE:HP) – Analysts at Capital One Financial lowered their Q1 2025 earnings estimates for Helmerich & Payne in a research note issued on Monday, November 18th. Capital One Financial analyst D. Becker now forecasts that the oil and gas company will post earnings of $0.80 per share for the quarter, down from their previous forecast of $0.97. The consensus estimate for Helmerich & Payne’s current full-year earnings is $3.57 per share.

Helmerich & Payne (NYSE:HP) last released its earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.76. The company had revenue of $693.79 million during the quarter, compared to analyst estimates of $695.99 million. Helmerich & Payne had a return on equity of 12.44% and a net margin of 12.48%. Helmerich & Payne’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.69 EPS.

A number of other research analysts have also recently issued reports on the stock. Royal Bank of Canada lowered their price target on shares of Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating for the company in a research report on Friday. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a report on Monday, August 5th. Citigroup cut their price target on Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, September 13th. The Goldman Sachs Group reduced their price target on Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating for the company in a research report on Thursday, August 29th. Finally, Evercore ISI upgraded Helmerich & Payne to a “strong-buy” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $39.00.

Helmerich & Payne Stock Performance

NYSE:HP opened at $33.62 on Tuesday. Helmerich & Payne has a twelve month low of $29.46 and a twelve month high of $44.11. The company has a quick ratio of 2.40, a current ratio of 2.67 and a debt-to-equity ratio of 0.61. The firm’s fifty day simple moving average is $33.53 and its 200 day simple moving average is $35.09. The stock has a market cap of $3.32 billion, a P/E ratio of 9.77, a price-to-earnings-growth ratio of 3.62 and a beta of 1.40.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HP. Covestor Ltd increased its holdings in Helmerich & Payne by 253.4% in the 1st quarter. Covestor Ltd now owns 940 shares of the oil and gas company’s stock worth $40,000 after buying an additional 674 shares during the period. Blue Trust Inc. lifted its stake in Helmerich & Payne by 127.8% in the 3rd quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company’s stock valued at $46,000 after buying an additional 854 shares in the last quarter. Headlands Technologies LLC boosted its stake in shares of Helmerich & Payne by 96.9% in the second quarter. Headlands Technologies LLC now owns 1,538 shares of the oil and gas company’s stock worth $56,000 after acquiring an additional 757 shares during the last quarter. Quarry LP acquired a new stake in Helmerich & Payne during the 3rd quarter worth $48,000. Finally, Eastern Bank purchased a new stake in Helmerich & Payne during the 3rd quarter valued at about $61,000. 96.05% of the stock is currently owned by hedge funds and other institutional investors.

Helmerich & Payne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Monday, November 18th. Helmerich & Payne’s payout ratio is 29.07%.

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.