Zacks Research Has Pessimistic View of HP FY2026 Earnings

Helmerich & Payne, Inc. (NYSE:HP) – Investment analysts at Zacks Research lowered their FY2026 earnings per share estimates for shares of Helmerich & Payne in a note issued to investors on Wednesday, February 18th. Zacks Research analyst Team now forecasts that the oil and gas company will earn $0.10 per share for the year, down from their previous forecast of $0.19. The consensus estimate for Helmerich & Payne’s current full-year earnings is $2.93 per share. Zacks Research also issued estimates for Helmerich & Payne’s Q1 2027 earnings at $0.17 EPS and Q4 2027 earnings at $0.31 EPS.

Several other equities research analysts also recently weighed in on HP. Evercore set a $37.00 target price on shares of Helmerich & Payne in a research note on Friday, February 6th. Citigroup increased their price target on Helmerich & Payne from $33.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, February 11th. Royal Bank Of Canada boosted their price target on Helmerich & Payne from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Friday, February 6th. Wall Street Zen lowered shares of Helmerich & Payne from a “hold” rating to a “sell” rating in a research report on Sunday, November 23rd. Finally, Piper Sandler lifted their target price on shares of Helmerich & Payne from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $36.20.

Helmerich & Payne Stock Performance

Shares of Helmerich & Payne stock opened at $35.95 on Thursday. Helmerich & Payne has a one year low of $14.65 and a one year high of $36.73. The company has a market capitalization of $3.59 billion, a PE ratio of -11.27 and a beta of 0.57. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.58 and a current ratio of 2.03. The company has a 50-day simple moving average of $31.62 and a two-hundred day simple moving average of $26.14.

Helmerich & Payne (NYSE:HP) last announced its quarterly earnings results on Wednesday, February 4th. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.27). The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $990.16 million. Helmerich & Payne had a negative net margin of 7.71% and a positive return on equity of 0.28%. The company’s revenue was up 50.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.71 earnings per share.

Institutional Trading of Helmerich & Payne

A number of hedge funds have recently bought and sold shares of HP. Royal Bank of Canada grew its position in shares of Helmerich & Payne by 4.4% in the first quarter. Royal Bank of Canada now owns 104,180 shares of the oil and gas company’s stock valued at $2,721,000 after purchasing an additional 4,394 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Helmerich & Payne by 6.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,630 shares of the oil and gas company’s stock worth $1,531,000 after buying an additional 3,611 shares during the last quarter. NewEdge Advisors LLC boosted its stake in Helmerich & Payne by 39,685.1% during the first quarter. NewEdge Advisors LLC now owns 34,613 shares of the oil and gas company’s stock worth $904,000 after buying an additional 34,526 shares during the last quarter. Empowered Funds LLC grew its holdings in Helmerich & Payne by 9.9% in the 1st quarter. Empowered Funds LLC now owns 9,459 shares of the oil and gas company’s stock valued at $247,000 after buying an additional 852 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Helmerich & Payne by 34.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 213,445 shares of the oil and gas company’s stock worth $5,575,000 after acquiring an additional 54,758 shares during the last quarter. Institutional investors and hedge funds own 96.05% of the company’s stock.

Insider Activity at Helmerich & Payne

In related news, Director Hans Helmerich sold 75,000 shares of Helmerich & Payne stock in a transaction on Friday, December 19th. The shares were sold at an average price of $28.12, for a total value of $2,109,000.00. Following the sale, the director owned 496,735 shares of the company’s stock, valued at approximately $13,968,188.20. This trade represents a 13.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.40% of the stock is owned by company insiders.

Helmerich & Payne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, February 13th. Helmerich & Payne’s payout ratio is currently -31.35%.

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.