Seaport Res Ptn Analysts Reduce Earnings Estimates for HP

Helmerich & Payne, Inc. (NYSE:HP) – Analysts at Seaport Res Ptn reduced their Q1 2025 earnings per share (EPS) estimates for Helmerich & Payne in a research report issued to clients and investors on Thursday, November 14th. Seaport Res Ptn analyst T. Curran now forecasts that the oil and gas company will post earnings of $0.42 per share for the quarter, down from their previous forecast of $0.53. The consensus estimate for Helmerich & Payne’s current full-year earnings is $3.57 per share. Seaport Res Ptn also issued estimates for Helmerich & Payne’s Q2 2025 earnings at $0.67 EPS and FY2025 earnings at $3.00 EPS.

Helmerich & Payne (NYSE:HP) last issued its earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 EPS for the quarter, meeting analysts’ consensus estimates of $0.76. The firm had revenue of $693.79 million for 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 prior year, the firm earned $0.69 earnings per share.

Other research analysts have also issued research reports about the company. Citigroup decreased their price objective on Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, September 13th. Evercore ISI upgraded Helmerich & Payne to a “strong-buy” rating in a report on Friday, July 26th. The Goldman Sachs Group reduced their price target on Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating on the stock in a report on Thursday, August 29th. Royal Bank of Canada reduced their price target on Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating on the stock in a report on Friday. Finally, Barclays reduced their price target on Helmerich & Payne from $42.00 to $39.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $39.00.

Helmerich & Payne Trading Down 0.3 %

Shares of NYSE:HP opened at $33.85 on Monday. Helmerich & Payne has a 1 year low of $29.46 and a 1 year high of $44.11. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 9.84, a price-to-earnings-growth ratio of 3.59 and a beta of 1.40. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.67 and a quick ratio of 1.87. The business’s 50 day moving average price is $33.48 and its 200-day moving average price is $35.12.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Covestor Ltd grew its holdings in Helmerich & Payne by 253.4% during the first quarter. Covestor Ltd now owns 940 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 674 shares during the period. Blue Trust Inc. grew its holdings in Helmerich & Payne by 127.8% during the third quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company’s stock worth $46,000 after acquiring an additional 854 shares during the period. Quarry LP acquired a new position in Helmerich & Payne during the third quarter worth $48,000. Headlands Technologies LLC grew its holdings in Helmerich & Payne by 96.9% during 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 period. Finally, Eastern Bank acquired a new position in Helmerich & Payne during the third quarter worth $61,000. Institutional investors and hedge funds own 96.05% of the company’s stock.

Helmerich & Payne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date is Monday, November 18th. Helmerich & Payne’s payout ratio is currently 29.07%.

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.