Zacks Research Expects Higher Earnings for Helmerich & Payne

Helmerich & Payne, Inc. (NYSE:HP) – Zacks Research raised their FY2026 earnings estimates for shares of Helmerich & Payne in a report issued on Friday, October 9th. Zacks Research analyst Team now anticipates that the oil and gas company will earn ($0.43) per share for the year, up from their prior forecast of ($0.46). The consensus estimate for Helmerich & Payne’s current full-year earnings is ($0.16) per share. Zacks Research also issued estimates for Helmerich & Payne’s Q3 2027 earnings at $0.38 EPS, Q1 2028 earnings at ($0.34) EPS and Q2 2028 earnings at $1.37 EPS.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported ($0.11) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $987.70 million. During the same quarter in the previous year, the business posted $0.22 EPS. The company’s revenue was down .6% compared to the same quarter last year.

HP has been the subject of a number of other research reports. Weiss Ratings raised shares of Helmerich & Payne from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. UBS Group upped their price objective on Helmerich & Payne from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Monday. Royal Bank Of Canada increased their price objective on Helmerich & Payne from $44.00 to $49.00 and gave the company a “sector perform” rating in a research report on Thursday, September 10th. Barclays increased their price objective on Helmerich & Payne from $50.00 to $51.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Morgan Stanley lifted their target price on Helmerich & Payne from $36.00 to $41.00 and gave the company an “underweight” rating in a research note on Thursday, August 20th. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $44.36.

Helmerich & Payne Price Performance

Shares of HP stock opened at $38.48 on Tuesday. Helmerich & Payne has a 1 year low of $22.62 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. The firm’s 50 day moving average is $41.59 and its 200-day moving average is $38.05. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of -27.29, a PEG ratio of 0.92 and a beta of 0.69.

Helmerich & Payne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Wednesday, November 18th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, November 18th. Helmerich & Payne’s payout ratio is currently -70.92%.

Insider Buying and Selling at Helmerich & Payne

In other news, Director Hans Helmerich sold 94,470 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $43.90, for a total value of $4,147,233.00. Following the transaction, the director owned 20,000 shares of the company’s stock, valued at approximately $878,000. This trade represents a 82.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Cara M. Hair sold 11,149 shares of Helmerich & Payne stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $44.27, for a total transaction of $493,566.23. Following the sale, the senior vice president owned 136,095 shares of the company’s stock, valued at approximately $6,024,925.65. This represents a 7.57% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 110,673 shares of company stock worth $4,864,590. Company insiders own 4.40% of the company’s stock.

Hedge Funds Weigh In On Helmerich & Payne

Several large investors have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in Helmerich & Payne in the second quarter valued at about $513,336,000. Dimensional Fund Advisors LP raised its holdings in Helmerich & Payne by 11.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,735,765 shares of the oil and gas company’s stock worth $206,660,000 after purchasing an additional 570,500 shares during the period. Encompass Capital Advisors LLC boosted its position in shares of Helmerich & Payne by 165.1% during the fourth quarter. Encompass Capital Advisors LLC now owns 2,081,644 shares of the oil and gas company’s stock worth $59,702,000 after purchasing an additional 1,296,537 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Helmerich & Payne by 109.2% during the first quarter. Bank of America Corp DE now owns 1,676,169 shares of the oil and gas company’s stock worth $60,392,000 after purchasing an additional 874,823 shares in the last quarter. Finally, Alyeska Investment Group L.P. boosted its position in shares of Helmerich & Payne by 217.4% during the second quarter. Alyeska Investment Group L.P. now owns 1,526,707 shares of the oil and gas company’s stock worth $49,984,000 after purchasing an additional 1,045,727 shares in the last quarter. 96.05% of the stock is currently owned by institutional investors and hedge funds.

Helmerich & Payne Company Profile

Helmerich & Payne, Inc is a contract drilling company that provides land and offshore drilling services to oil and natural gas exploration and production companies. Founded in 1920 and headquartered in Tulsa, Oklahoma, the company operates and manages drilling rigs used to develop unconventional and conventional energy resources.

Its services include drilling-rig contracting, rig management, operational support, and technology solutions designed to improve drilling efficiency, safety, and well performance.