HP Stock Recent News

While the top- and bottom-line numbers for Helmerich & Payne (HP) give a sense of how the business performed in the quarter ended March 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Helmerich & Payne (HP) came out with quarterly earnings of $1.26 per share, beating the Zacks Consensus Estimate of $1.05 per share. This compares to loss of $0.17 per share a year ago.

We contrarians, we're not ashamed to admit, make our big money dumpster diving for discarded dividends.

TULSA, Okla.--(BUSINESS WIRE)--In conjunction with Helmerich & Payne, Inc.'s (NYSE: HP) second quarter 2023 earnings release, you are invited to listen to its conference call on Thursday, April 27, 2023, at 11:00 a.m. (ET) with John Lindsay, President and CEO, Mark Smith, Senior Vice President and CFO, and Dave Wilson, Vice President of Investor Relations. Investors may listen to the conference call either by phone or audio webcast.   What: Helmerich & Payne, Inc.

Despite the choppy activity trends associated with the Zacks Oil and Gas - Drilling industry, we advise focusing on fundamentally sound companies like HP, NBR and PDS.

HP edged above Wall Street's earnings target but missed views on sales for its fiscal first quarter. But it provided upbeat guidance.

HP Inc (NYSE:HPQ) shares made gains in after-hours trading after the company managed to narrowly beat fiscal first-quarter earnings despite facing what CEO called industry wide headwinds. The personal computing company posted non-GAAP diluted earnings of $0.75 per share, down 32% year-over-year from $1.10 but just above Street expectations of $0.74 per share.

Helmerich & Payne (HP) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

According to the average brokerage recommendation (ABR), one should invest in Helmerich & Payne (HP). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic.

Helmerich & Payne, Inc. (NYSE:HP ) Q1 2023 Earnings Conference Call January 31, 2023 11:00 AM ET Company Participants Dave Wilson - Vice President of Investor Relations John Lindsay - President & Chief Executive Officer Mark Smith - Senior Vice President & Chief Financial Officer Conference Call Participants David Smith - Pickering Energy Saurabh Pant - Bank of America Waqar Syed - ATB Capital Markets Scott Gruber - Citigroup Don Crist - Johnson Rice Ati Modak - Goldman Sachs Thomas Curran - Seaport Research Partners Operator Good day, everyone, and welcome to the Helmerich & Payne Fiscal First Quarter Earnings Call. At this time, all participants are in a listen-only mode.