Helmerich & Payne, Inc. (NYSE:HP) is reporting fourth quarter financial results on Thursday 19th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, HP is expected to report 4Q20 loss of $ 0.8 per share from revenue of $ 201.98 million.
For the full year, analysts anticipate top line of $ 1752.86 million, while looking forward to loss of $ 1.58 per share bottom line.
Previous Quarter Performance
Helmerich & Payne, Inc. recorded loss for the third quarter of $ 0.34 per share, from the revenue of $ 317.36 million. According to street consensus, HP was expected to report 3Q20 loss of $ 0.69 per share from revenue of $ 311.91 million. The bottom line results beat street analysts by $ 0.35 or 50.72 percent, at the same time, top line results outshined analysts by $ 5.45 million or 1.75 percent.
Stock Performance
Shares of Helmerich & Payne, Inc. traded up $ 0.81 or 4.27 percent on Wednesday, reaching $ 19.77 with volume of 3.28 million shares. Helmerich & Payne, Inc. has traded high as $ 21.00 and has cracked $ 18.94 on the downward trend
According to the previous trading day, closing price of $ 19.77, representing a 52.90 % increase from the 52 week low of $ 12.40 and a 59.94 % decrease over the 52 week high of $ 47.33.
The company has a market capital of $ 2.12 billion and is part of the Energy sector and Oil & Gas Drilling industry.
Recent Analyst recommendations
- On 13th October 2020, downgraded by Bank of America to Neutral from Buy rating.
- On 5th October 2020, upgraded by Barclays to Equal-Weight from Underweight rating, with $ 14.00 target price.
Helmerich & Payne, Inc. primarily engages in drilling oil and gas wells for exploration and production companies. The company operates through U.S.
