Brokers Issue Forecasts for Helmerich & Payne, Inc.’s Q4 2024 Earnings (NYSE:HP)

Helmerich & Payne, Inc. (NYSE:HP) – Research analysts at Zacks Research increased their Q4 2024 earnings estimates for shares of Helmerich & Payne in a report released on Tuesday, September 3rd. Zacks Research analyst N. Choudhury now forecasts that the oil and gas company will post earnings per share of $0.74 for the quarter, up from their prior estimate of $0.70. The consensus estimate for Helmerich & Payne’s current full-year earnings is $3.56 per share. Zacks Research also issued estimates for Helmerich & Payne’s Q1 2025 earnings at $0.74 EPS, Q2 2025 earnings at $0.72 EPS, Q3 2025 earnings at $0.75 EPS, Q4 2025 earnings at $0.69 EPS and FY2025 earnings at $2.90 EPS.

Other analysts have also issued research reports about the stock. Royal Bank of Canada lifted their price objective on shares of Helmerich & Payne from $48.00 to $50.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. Benchmark restated a “hold” rating on shares of Helmerich & Payne in a research note on Monday, August 5th. Piper Sandler cut their price target on Helmerich & Payne from $39.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, July 15th. The Goldman Sachs Group lowered their price objective on Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating for the company in a research note on Thursday, August 29th. Finally, Evercore ISI raised Helmerich & Payne to a “strong-buy” rating in a research report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $42.00.

Helmerich & Payne Stock Performance

Helmerich & Payne stock opened at $30.67 on Friday. The firm has a market capitalization of $3.03 billion, a PE ratio of 8.76, a price-to-earnings-growth ratio of 3.50 and a beta of 1.47. Helmerich & Payne has a one year low of $30.37 and a one year high of $46.55. The stock’s 50 day moving average price is $35.73 and its 200 day moving average price is $37.77. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.87 and a current ratio of 2.12.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Ridgewood Investments LLC raised its holdings in shares of Helmerich & Payne by 2.5% during the first quarter. Ridgewood Investments LLC now owns 12,852 shares of the oil and gas company’s stock worth $541,000 after purchasing an additional 308 shares during the period. Arizona State Retirement System lifted its holdings in Helmerich & Payne by 1.3% in the second quarter. Arizona State Retirement System now owns 27,667 shares of the oil and gas company’s stock worth $1,000,000 after acquiring an additional 342 shares during the last quarter. Lindbrook Capital LLC boosted its stake in Helmerich & Payne by 26.4% in the first quarter. Lindbrook Capital LLC now owns 1,698 shares of the oil and gas company’s stock valued at $71,000 after acquiring an additional 355 shares during the period. Marathon Capital Management grew its holdings in shares of Helmerich & Payne by 0.4% during the fourth quarter. Marathon Capital Management now owns 109,315 shares of the oil and gas company’s stock valued at $3,959,000 after purchasing an additional 409 shares during the last quarter. Finally, M&T Bank Corp raised its position in shares of Helmerich & Payne by 5.7% during the 4th quarter. M&T Bank Corp now owns 8,510 shares of the oil and gas company’s stock worth $308,000 after purchasing an additional 457 shares during the period. Institutional investors and hedge funds own 96.05% of the company’s stock.

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.