Helmerich & Payne, Inc. (NYSE:HP) Declares $0.25 Quarterly Dividend

by · The Cerbat Gem

Helmerich & Payne, Inc. (NYSE:HP – Get Free Report) declared a quarterly dividend on Wednesday, March 4th. Shareholders of record on Monday, May 18th will be given a dividend of 0.25 per share by the oil and gas company on Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Monday, May 18th.

Helmerich & Payne has decreased its dividend by an average of 0.2%annually over the last three years. Helmerich & Payne has a payout ratio of 69.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Helmerich & Payne to earn $3.13 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 31.9%.

Helmerich & Payne Trading Up 1.1%

Helmerich & Payne stock opened at $34.32 on Thursday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.58 and a current ratio of 2.03. Helmerich & Payne has a 1 year low of $14.65 and a 1 year high of $36.73. The firm’s 50-day moving average is $32.80 and its 200-day moving average is $27.33. The company has a market cap of $3.43 billion, a P/E ratio of -10.76 and a beta of 0.54.

Helmerich & Payne (NYSE:HP – Get Free Report) last issued its earnings results on Wednesday, February 4th. The oil and gas company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.27). The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $990.16 million. Helmerich & Payne had a negative net margin of 7.71% and a positive return on equity of 0.28%. The business’s revenue was up 50.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.71 earnings per share. On average, equities analysts expect that Helmerich & Payne will post 2.93 earnings per share for the current year.

About Helmerich & Payne

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Helmerich & Payne, Inc is a leading provider of contract drilling services to the oil and gas industry, specializing primarily in onshore drilling operations. The company designs, engineers and operates a fleet of advanced drilling rigs, including its proprietary FlexRigs, which are engineered for high efficiency, safety and rapid mobilization. Alongside core drilling services, Helmerich & Payne offers well intervention, workover and coiled tubing services, positioning itself as a comprehensive drilling solutions partner for exploration and production companies worldwide.

Founded in 1920 and headquartered in Tulsa, Oklahoma, Helmerich & Payne has grown through innovation and strategic expansion to serve diverse hydrocarbon basins.

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