Helmerich & Payne (NYSE:HP – Get Free Report) released its quarterly earnings results on Wednesday. The oil and gas company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.15, Briefing.com reports. Helmerich & Payne had a return on equity of 13.21% and a net margin of 12.84%. The company had revenue of $697.70 million for the quarter, compared to analysts’ expectations of $670.78 million. During the same period in the previous year, the business posted $1.09 earnings per share. The business’s quarterly revenue was down 3.6% compared to the same quarter last year.
Helmerich & Payne Trading Up 8.8 %
HP traded up $3.33 during trading on Thursday, hitting $41.08. The company’s stock had a trading volume of 5,644,994 shares, compared to its average volume of 1,267,590. The firm has a market capitalization of $4.06 billion, a P/E ratio of 11.74, a PEG ratio of 4.19 and a beta of 1.47. Helmerich & Payne has a twelve month low of $32.17 and a twelve month high of $46.55. The stock’s fifty day moving average price is $36.46 and its 200-day moving average price is $38.11. The company has a quick ratio of 1.92, a current ratio of 2.16 and a debt-to-equity ratio of 0.19.
Helmerich & Payne Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, August 16th. This represents a $1.00 annualized dividend and a yield of 2.43%. Helmerich & Payne’s dividend payout ratio is currently 28.57%.
Wall Street Analyst Weigh In
Insiders Place Their Bets
In other Helmerich & Payne news, SVP Cara M. Hair sold 9,910 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $40.22, for a total value of $398,580.20. Following the completion of the sale, the senior vice president now directly owns 137,764 shares in the company, valued at $5,540,868.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Cara M. Hair sold 9,910 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $40.22, for a total transaction of $398,580.20. Following the transaction, the senior vice president now directly owns 137,764 shares of the company’s stock, valued at approximately $5,540,868.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Mark W. Smith sold 16,000 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $40.49, for a total value of $647,840.00. Following the completion of the transaction, the chief financial officer now owns 144,870 shares in the company, valued at approximately $5,865,786.30. The disclosure for this sale can be found here. Company insiders own 4.38% 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.
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