Helmerich & Payne (HP) to Release Earnings on Wednesday

Helmerich & Payne (NYSE:HP) is set to issue its quarterly earnings data after the market closes on Wednesday, November 13th. Analysts expect the company to announce earnings of $0.76 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Helmerich & Payne Trading Up 3.0 %

Helmerich & Payne stock opened at $34.72 on Wednesday. The company has a current ratio of 2.12, a quick ratio of 1.87 and a debt-to-equity ratio of 0.19. Helmerich & Payne has a 12-month low of $29.46 and a 12-month high of $44.11. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 10.06, a P/E/G ratio of 3.49 and a beta of 1.40. The firm has a 50 day moving average of $32.83 and a 200 day moving average of $35.45.

Helmerich & Payne Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on HP shares. Piper Sandler decreased 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. The Goldman Sachs Group cut their target price on shares of Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating for the company in a report on Thursday, August 29th. Bank of America decreased their price target on shares of Helmerich & Payne from $42.50 to $40.00 and set a “buy” rating on the stock in a research note on Monday, July 15th. Royal Bank of Canada lifted their price objective on shares of Helmerich & Payne from $48.00 to $50.00 and gave the stock a “sector perform” rating in a research note on Friday, July 26th. Finally, Benchmark reissued a “hold” rating on shares of Helmerich & Payne in a research note on Monday, August 5th. One investment analyst has 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 stock. According to MarketBeat.com, the stock currently 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.