As per Helmerich & Payne, Inc. (NYSE:HP)’s news release on 2016-06-01, its shareholders will get cash dividend of $0.7 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-15 and 2016-09-01, respectively.
The stock will commence trading ex-dividend from 2016-08-11, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Helmerich & Payne, Inc. (NYSE:HP) disbursed $0.7 in dividend compared to distribution of $0.7, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 12.8205%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated Helmerich & Payne, Inc. (NYSE:HP) to attain a price target of $59.888. It is an average estimate figure given by 18 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $80. The low price range is set at $40 for next year while the arithmetic mean is seen at 2.71.
Eyeing Earnings Helmerich & Payne, Inc. (NYSE:HP) is likely to post quarterly numbers around 2016-11-10 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $-0.42 for the period ending on 2016-09-30.
In last quarter ended 2015-09-30, Helmerich & Payne, Inc. (NYSE:HP) earnings came at $-0.47 suggesting a deviation of $-0.05. The brokerages targeted EPS of $-0.42 for the quarter.
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