Brokers Offer Predictions for HP Q2 Earnings

Helmerich & Payne, Inc. (NYSE:HP) – Investment analysts at Zacks Research issued their Q2 2026 earnings per share estimates for Helmerich & Payne in a research report issued to clients and investors on Wednesday, February 18th. Zacks Research analyst Team forecasts that the oil and gas company will post earnings per share of $0.01 for the quarter. 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 Q3 2026 earnings at $0.08 EPS, Q4 2026 earnings at $0.16 EPS, Q2 2027 earnings at $0.21 EPS, Q3 2027 earnings at $0.14 EPS, FY2027 earnings at $0.82 EPS, Q1 2028 earnings at $0.38 EPS and FY2028 earnings at $1.47 EPS.

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

Other equities analysts also recently issued research reports about the stock. Evercore set a $37.00 price objective on shares of Helmerich & Payne in a research note on Friday, February 6th. Susquehanna restated a “positive” rating and set a $40.00 target price on shares of Helmerich & Payne in a research report on Friday, February 6th. Piper Sandler lifted their target price on shares of Helmerich & Payne from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, February 9th. Morgan Stanley reiterated an “underweight” rating and set a $28.00 price target on shares of Helmerich & Payne in a research note on Wednesday, January 21st. Finally, TD Cowen upped their target price on shares of Helmerich & Payne from $35.00 to $38.00 and gave the company a “hold” rating in a report on Monday, February 9th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Helmerich & Payne currently has a consensus rating of “Hold” and a consensus price target of $36.20.

Helmerich & Payne Stock Performance

Shares of HP opened at $35.63 on Friday. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of -11.17 and a beta of 0.57. Helmerich & Payne has a 52-week low of $14.65 and a 52-week high of $36.73. The company has a quick ratio of 1.58, a current ratio of 2.03 and a debt-to-equity ratio of 0.75. The stock has a 50 day moving average price of $31.74 and a 200 day moving average price of $26.28.

Helmerich & Payne Dividend Announcement

The company also recently announced 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. The ex-dividend date is Friday, February 13th. This represents a $1.00 dividend on an annualized basis and a yield of 2.8%. Helmerich & Payne’s dividend payout ratio (DPR) is presently -31.35%.

Insider Transactions at Helmerich & Payne

In other Helmerich & Payne news, Director Hans Helmerich sold 75,000 shares of the 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 completion of the sale, the director directly owned 496,735 shares of the company’s stock, valued at $13,968,188.20. This represents a 13.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 4.40% of the company’s stock.

Institutional Investors Weigh In On Helmerich & Payne

Hedge funds have recently made changes to their positions in the company. Dean Capital Management raised its holdings in shares of Helmerich & Payne by 7.5% in the fourth quarter. Dean Capital Management now owns 144,195 shares of the oil and gas company’s stock valued at $4,136,000 after buying an additional 10,036 shares during the last quarter. Invesco Ltd. raised its stake in shares of Helmerich & Payne by 15.5% in the fourth quarter. Invesco Ltd. now owns 3,468,526 shares of the oil and gas company’s stock worth $99,477,000 after acquiring an additional 465,440 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Helmerich & Payne by 20.9% during the fourth quarter. Empowered Funds LLC now owns 447,310 shares of the oil and gas company’s stock worth $12,829,000 after purchasing an additional 77,399 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Helmerich & Payne during the fourth quarter worth approximately $791,000. Finally, nVerses Capital LLC bought a new stake in shares of Helmerich & Payne during the fourth quarter valued at approximately $237,000. Institutional investors and hedge funds own 96.05% of the company’s stock.

Key Helmerich & Payne News

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

• Positive Sentiment: Zacks raised FY2028 EPS notably (to $1.47 from $1.27) and lifted several later-quarter estimates, implying improving medium‑term margin/revenue expectations for HP. (These upgrades can support a higher valuation if execution follows.)
• Positive Sentiment: Helmerich & Payne’s joint venture won a major offshore operations & maintenance contract in the Caspian Sea — a revenue/backlog positive that diversifies activity beyond U.S. land drilling and could boost utilization. Article Title
• Neutral Sentiment: Zacks published a slate of quarter-level forecasts (Q2–Q4 2026, Q2–Q3 2027, Q1 2028) that provide more detail on expected seasonality; several short-term quarters are modestly positive but the revisions are small and mixed overall.
• Negative Sentiment: Zacks cut FY2026 EPS (to $0.10) and lowered Q1‑2027 and Q4‑2027 estimates — weakening near‑term profitability expectations and likely contributing to selling pressure.
• Negative Sentiment: A Seeking Alpha piece argued it’s “not time to dive in quite yet,” highlighting caution around valuation, cycle timing, and near‑term earnings uncertainty; such published bearish views can influence retail/institutional sentiment. Article Title
• Negative Sentiment: Recent reported quarterly results (Feb. 4) included an EPS miss and a negative net margin, reminders of execution/earnings volatility that keep investor caution elevated despite revenue growth year‑over‑year.

Helmerich & Payne Company Profile

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.