Van ECK Associates Corp Decreases Stock Position in Helmerich & Payne, Inc. $HP

Van ECK Associates Corp trimmed its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 25.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,798,141 shares of the oil and gas company’s stock after selling 624,645 shares during the period. Van ECK Associates Corp’s holdings in Helmerich & Payne were worth $58,871,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in Helmerich & Payne in the 2nd quarter valued at about $513,336,000. Dimensional Fund Advisors LP boosted its stake in shares of Helmerich & Payne by 11.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,735,765 shares of the oil and gas company’s stock valued at $206,660,000 after buying an additional 570,500 shares during the period. State Street Corp grew its position in shares of Helmerich & Payne by 0.8% during the fourth quarter. State Street Corp now owns 4,222,536 shares of the oil and gas company’s stock worth $121,102,000 after buying an additional 33,193 shares in the last quarter. Invesco Ltd. grew its position in shares of Helmerich & Payne by 15.5% during the fourth quarter. Invesco Ltd. now owns 3,468,526 shares of the oil and gas company’s stock worth $99,477,000 after buying an additional 465,440 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its stake in shares of Helmerich & Payne by 4.3% during the third quarter. Balyasny Asset Management L.P. now owns 2,132,265 shares of the oil and gas company’s stock worth $47,102,000 after buying an additional 87,882 shares during the period. Hedge funds and other institutional investors own 96.05% of the company’s stock.

Helmerich & Payne Trading Up 0.2%

HP opened at $42.51 on Friday. Helmerich & Payne, Inc. has a one year low of $19.50 and a one year high of $45.00. The company has a market cap of $4.25 billion, a P/E ratio of -30.15 and a beta of 0.61. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.55 and a current ratio of 1.96. The business’s 50-day simple moving average is $36.51 and its 200-day simple moving average is $36.59.

Helmerich & Payne (NYSE:HP) last posted its earnings results 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). The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $987.70 million. Helmerich & Payne had a negative return on equity of 2.35% and a negative net margin of 3.43%.Helmerich & Payne’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.22 EPS. As a group, equities research analysts expect that Helmerich & Payne, Inc. will post -0.18 EPS for the current fiscal year.

Helmerich & Payne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.00 dividend on an annualized basis and a yield of 2.4%. Helmerich & Payne’s dividend payout ratio (DPR) is presently -70.92%.

Insiders Place Their Bets

In other news, SVP Cara M. Hair sold 11,149 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $44.27, for a total transaction of $493,566.23. Following the completion of the sale, the senior vice president owned 136,095 shares in the company, valued at approximately $6,024,925.65. The trade was a 7.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Hans Helmerich sold 94,470 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $43.90, for a total transaction of $4,147,233.00. Following the sale, the director owned 20,000 shares of the company’s stock, valued at $878,000. This represents a 82.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 110,673 shares of company stock valued at $4,864,590. 4.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

HP has been the subject of a number of recent research reports. The Goldman Sachs Group lifted their price target on shares of Helmerich & Payne from $35.00 to $41.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Citigroup dropped their price objective on shares of Helmerich & Payne from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, June 29th. Morgan Stanley increased their price objective on shares of Helmerich & Payne from $36.00 to $41.00 and gave the company an “underweight” rating in a research report on Thursday, August 20th. Barclays raised their price objective on shares of Helmerich & Payne from $47.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, August 10th. Finally, Weiss Ratings cut shares of Helmerich & Payne from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Helmerich & Payne presently has a consensus rating of “Hold” and an average target price of $41.00.

Key Stories Impacting Helmerich & Payne

Here are the key news stories impacting Helmerich & Payne this week:

• Positive Sentiment: Long-term earnings estimates improved: Zacks raised its FY2027 EPS forecast to $1.24 from $1.22 and FY2028 EPS forecast to $2.42 from $2.15. The firm also increased estimates for Q4 2026 to $0.18, Q2 2027 to $0.18, and Q4 2027 to $0.44. These revisions suggest expectations for a meaningful recovery in drilling activity and profitability. Helmerich & Payne stock information
• Positive Sentiment: Later-period quarterly forecasts were raised sharply: Zacks lifted its Q2 2028 EPS estimate to $1.42 from a prior forecast of a $0.04 loss, and its Q3 2028 estimate to $1.13 from $0.32. While these forecasts are far out, the substantial increases may be supporting the stock’s recent strength.
• Neutral Sentiment: Analyst estimates remain mixed: Zacks raised Q1 2027 EPS to $0.25 from $0.16, but the current full-year consensus remains a loss of $0.16 per share. The revisions indicate that the expected recovery is uneven rather than immediate.
• Negative Sentiment: Near-term and interim estimates were reduced: Zacks cut FY2026 EPS to a loss of $0.46 from a loss of $0.27, lowered Q1 2028 EPS to a loss of $0.39 from $0.92, and reduced Q3 2027 EPS to $0.37 from $0.47. These cuts highlight ongoing earnings pressure and could limit upside if operating conditions deteriorate.

About Helmerich & Payne

Helmerich & Payne, Inc is a leading provider of contract drilling services to the oil and gas industry, specializing primarily in onshore drilling operations. The company designs, engineers and operates a fleet of advanced drilling rigs, including its proprietary FlexRigs, which are engineered for high efficiency, safety and rapid mobilization. Alongside core drilling services, Helmerich & Payne offers well intervention, workover and coiled tubing services, positioning itself as a comprehensive drilling solutions partner for exploration and production companies worldwide.

Founded in 1920 and headquartered in Tulsa, Oklahoma, Helmerich & Payne has grown through innovation and strategic expansion to serve diverse hydrocarbon basins.