Zacks Research Issues Optimistic Outlook for HP Earnings

Helmerich & Payne, Inc. (NYSE:HP) – Analysts at Zacks Research lifted their Q4 2026 earnings per share (EPS) estimates for Helmerich & Payne in a research report issued on Friday, October 9th. Zacks Research analyst Team now anticipates that the oil and gas company will post earnings of $0.21 per share for the quarter, up from their previous estimate 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 Q2 2027 earnings at $0.21 EPS, Q4 2027 earnings at $0.47 EPS, FY2027 earnings at $1.32 EPS, Q3 2028 earnings at $1.17 EPS, Q4 2028 earnings at $0.31 EPS and FY2028 earnings at $2.51 EPS.

Helmerich & Payne (NYSE:HP) last issued 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). 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 for the quarter, compared to analysts’ expectations of $987.70 million. During the same quarter in the prior year, the company earned $0.22 earnings per share. The company’s revenue was down .6% compared to the same quarter last year.

Several other brokerages also recently weighed in on HP. Barclays boosted 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. 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 note on Thursday, September 10th. Bank of America restated a “buy” rating on shares of Helmerich & Payne in a report on Monday. Weiss Ratings raised shares of Helmerich & Payne from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. Finally, Citigroup lifted their target price on shares of Helmerich & Payne from $36.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, September 4th. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Helmerich & Payne presently has an average rating of “Hold” and an average target price of $44.36.

Helmerich & Payne Price Performance

HP opened at $38.66 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.96 and a quick ratio of 1.55. The stock’s 50 day simple moving average is $41.40 and its 200 day simple moving average is $38.02. The firm has a market cap of $3.86 billion, a price-to-earnings ratio of -27.42, a PEG ratio of 1.13 and a beta of 0.69. Helmerich & Payne has a 1 year low of $21.76 and a 1 year high of $48.17.

Institutional Investors Weigh In On Helmerich & Payne

A number of large investors have recently made changes to their positions in the business. Aventail Capital Group LP purchased a new stake in shares of Helmerich & Payne in the 4th quarter worth approximately $5,464,000. Cadence Wealth Management LLC bought a new position in Helmerich & Payne during the 2nd quarter valued at approximately $1,416,000. Deutsche Bank AG purchased a new position in Helmerich & Payne during the second quarter valued at $5,970,000. Corigliano Investment Advisers LLC purchased a new position in Helmerich & Payne during the fourth quarter valued at $8,573,000. Finally, Energy Income Partners LLC purchased a new position in Helmerich & Payne during the second quarter valued at $4,268,000. 96.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Helmerich & Payne news, Director Hans Helmerich sold 94,470 shares of the company’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 completion of the transaction, the director owned 20,000 shares of the company’s stock, valued at $878,000. This represents a 82.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Cara M. Hair sold 11,149 shares of the company’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 value 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. The trade was a 7.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 110,673 shares of company stock valued at $4,864,590 over the last ninety days. 4.40% of the stock is owned by insiders.

Helmerich & Payne Announces Dividend

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

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.