Zacks Research Expects Higher Earnings for Helmerich & Payne

Helmerich & Payne, Inc. (NYSE:HP) – Research analysts at Zacks Research raised their Q2 2027 earnings per share estimates for Helmerich & Payne in a research report issued to clients and investors on Monday, September 14th. Zacks Research analyst Team now expects that the oil and gas company will earn $0.19 per share for the quarter, up from their prior forecast of $0.18. The consensus estimate for Helmerich & Payne’s current full-year earnings is ($0.18) per share. Zacks Research also issued estimates for Helmerich & Payne’s Q4 2027 earnings at $0.45 EPS, FY2027 earnings at $1.27 EPS, Q2 2028 earnings at $1.43 EPS, Q3 2028 earnings at $1.14 EPS and FY2028 earnings at $2.46 EPS.

A number of other equities research analysts have also weighed in on the stock. Morgan Stanley upped their target price on shares of Helmerich & Payne from $36.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, August 20th. Susquehanna lifted their price target on Helmerich & Payne from $40.00 to $44.00 and gave the company a “positive” rating in a research note on Friday, August 7th. Piper Sandler boosted their price objective on Helmerich & Payne from $41.00 to $43.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Weiss Ratings downgraded Helmerich & Payne from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, August 27th. Finally, The Goldman Sachs Group lifted their target price on Helmerich & Payne from $35.00 to $41.00 and gave the company a “neutral” rating in a research report on Wednesday, June 3rd. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $43.10.

Helmerich & Payne Stock Down 3.3%

Helmerich & Payne stock opened at $42.60 on Tuesday. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of -30.22 and a beta of 0.66. The firm’s fifty day moving average price is $39.08 and its two-hundred day moving average price is $37.39. Helmerich & Payne has a 1-year low of $20.32 and a 1-year high of $48.17. The company has a current ratio of 1.96, a quick ratio of 1.55 and a debt-to-equity ratio of 0.69.

Helmerich & Payne (NYSE:HP) last announced its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.20). Helmerich & Payne had a negative net margin of 3.43% and a negative return on equity of 2.35%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $987.70 million. During the same quarter last year, the firm posted $0.22 EPS. The business’s revenue for the quarter was down .6% compared to the same quarter last year.

Hedge Funds Weigh In On Helmerich & Payne

Institutional investors have recently modified their holdings of the business. Core Capital Management & Research inc. bought a new stake in Helmerich & Payne during the second quarter worth $196,000. Engineers Gate Manager LP increased its stake in shares of Helmerich & Payne by 120.3% during the 2nd quarter. Engineers Gate Manager LP now owns 20,962 shares of the oil and gas company’s stock worth $686,000 after purchasing an additional 11,445 shares during the last quarter. Squarepoint Ops LLC increased its position in Helmerich & Payne by 10.6% in the second quarter. Squarepoint Ops LLC now owns 137,145 shares of the oil and gas company’s stock worth $4,490,000 after buying an additional 13,160 shares during the last quarter. Nykredit A S bought a new stake in Helmerich & Payne in the 2nd quarter valued at about $112,000. Finally, Corient Private Wealth LP raised its position in shares of Helmerich & Payne by 24.9% in the second quarter. Corient Private Wealth LP now owns 8,505 shares of the oil and gas company’s stock valued at $278,000 after purchasing an additional 1,698 shares during the period. 96.05% of the stock is owned by institutional investors.

Insider Activity at Helmerich & Payne

In related news, SVP Cara Hair sold 11,149 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $44.27, for a total transaction of $493,566.23. Following the transaction, the senior vice president directly owned 136,095 shares of the company’s stock, valued at $6,024,925.65. This trade represents a 7.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Sara Momper sold 5,054 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $44.28, for a total transaction of $223,791.12. Following the transaction, the chief accounting officer owned 16,958 shares in the company, valued at approximately $750,900.24. This trade represents a 22.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 110,673 shares of company stock valued at $4,864,590 over the last ninety days. Corporate insiders own 4.40% of the company’s stock.

About Helmerich & Payne

Helmerich & Payne, Inc is a contract drilling company that provides land and offshore drilling services to oil and gas exploration and production companies. The company operates drilling rigs and supplies related services used to drill, develop and maintain wells.

H&P’s offerings include its FlexRig fleet of high-performance land rigs, directional drilling, automated drilling technologies and rig management services. These capabilities are designed to support horizontal and other complex well programs, particularly in unconventional oil and natural gas basins.

Founded in 1920 by Walter Helmerich and William Payne, the company is headquartered in Tulsa, Oklahoma.