Helmerich & Payne (HP) to Release Earnings on Wednesday

Helmerich & Payne (NYSE:HP) will release its earnings data after the market closes on Wednesday, November 13th. Analysts expect Helmerich & Payne to post earnings of $0.76 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Helmerich & Payne Stock Performance

Shares of HP opened at $34.72 on Wednesday. Helmerich & Payne has a 1 year low of $29.46 and a 1 year high of $44.11. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.12 and a quick ratio of 1.87. The stock’s fifty day moving average price is $32.83 and its two-hundred day moving average price is $35.45. The firm has a market cap of $3.43 billion, a PE ratio of 10.06, a PEG ratio of 3.49 and a beta of 1.40.

Helmerich & Payne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend is Monday, November 18th. Helmerich & Payne’s dividend payout ratio (DPR) is presently 28.99%.

Analyst Ratings Changes

A number of equities analysts have recently commented on HP shares. Piper Sandler cut 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. Citigroup reduced their price target on shares of Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, September 13th. Benchmark reiterated a “hold” rating on shares of Helmerich & Payne in a research report on Monday, August 5th. Barclays dropped their price objective on Helmerich & Payne from $42.00 to $39.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 16th. Finally, Evercore ISI upgraded Helmerich & Payne to a “strong-buy” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $40.29.

About Helmerich & Payne

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.