Helmerich & Payne Likely To Report Lower Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Core Insights - Helmerich & Payne, Inc. is set to release its fourth-quarter earnings results on November 17, with analysts predicting earnings of 26 cents per share, a significant decrease from 76 cents per share in the same quarter last year [1] - The expected quarterly revenue for Helmerich & Payne is $973.08 million, up from $693.79 million a year earlier [1] Management Changes - On September 29, Helmerich & Payne announced the promotion of Trey Adams to president and Mike Lennox and John Bell to executive vice presidents [2] - Following the announcement, Helmerich & Payne shares fell by 3.3%, closing at $72.03 [2] Analyst Ratings - Citigroup analyst Scott Gruber maintained a Neutral rating and raised the price target from $17 to $26 [4] - Goldman Sachs analyst Neil Mehta maintained a Sell rating and increased the price target from $18 to $20 [4] - TD Cowen analyst Marc Bianchi maintained a Hold rating and raised the price target from $26 to $27 [4] - Susquehanna analyst Charles Minervino maintained a Positive rating but cut the price target from $24 to $23 [4] - Morgan Stanley analyst Daniel Kutz maintained an Underweight rating and reduced the price target from $27 to $20 [4]