Q3 EPS Forecast for Helmerich & Payne Decreased by Analyst

Helmerich & Payne, Inc. (NYSE:HP) – Research analysts at Zacks Research decreased their Q3 2027 earnings per share (EPS) estimates for shares of Helmerich & Payne in a note issued to investors on Wednesday, April 15th. Zacks Research analyst Team now anticipates that the oil and gas company will post earnings of $0.02 per share for the quarter, down from their prior forecast of $0.03. 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 FY2027 earnings at $0.55 EPS.

A number of other research firms also recently issued reports on HP. Royal Bank Of Canada boosted their price target on Helmerich & Payne from $34.00 to $36.00 and gave the company a “sector perform” rating in a research note on Friday, February 6th. Morgan Stanley lifted their price objective on Helmerich & Payne from $30.00 to $35.00 and gave the company an “underweight” rating in a research report on Wednesday. TD Cowen lifted their price objective on Helmerich & Payne from $35.00 to $38.00 and gave the company a “hold” rating in a research report on Monday, February 9th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $32.00 price objective on shares of Helmerich & Payne in a research report on Wednesday, January 14th. Finally, Piper Sandler lifted their price objective on Helmerich & Payne from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Wednesday. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $37.80.

Helmerich & Payne Trading Up 1.3%

Helmerich & Payne stock opened at $34.96 on Thursday. The business has a 50-day simple moving average of $35.04 and a two-hundred day simple moving average of $30.51. The company has a market cap of $3.49 billion, a P/E ratio of -10.96 and a beta of 0.55. Helmerich & Payne has a 52-week low of $14.65 and a 52-week high of $37.87. The company has a quick ratio of 1.58, a current ratio of 2.03 and a debt-to-equity ratio of 0.75.

Helmerich & Payne (NYSE:HP) last released 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 firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 50.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.71 earnings per share.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its holdings in Helmerich & Payne by 3.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,165,265 shares of the oil and gas company’s stock worth $148,141,000 after purchasing an additional 194,935 shares in the last quarter. State Street Corp lifted its holdings in Helmerich & Payne by 0.8% in the 4th quarter. State Street Corp now owns 4,222,536 shares of the oil and gas company’s stock worth $121,102,000 after purchasing an additional 33,193 shares in the last quarter. American Century Companies Inc. lifted its holdings in Helmerich & Payne by 7.7% in the 3rd quarter. American Century Companies Inc. now owns 3,474,036 shares of the oil and gas company’s stock worth $76,741,000 after purchasing an additional 249,425 shares in the last quarter. Invesco Ltd. lifted its holdings in Helmerich & Payne by 15.5% in the 4th quarter. Invesco Ltd. now owns 3,468,526 shares of the oil and gas company’s stock worth $99,477,000 after purchasing an additional 465,440 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its holdings in Helmerich & Payne by 4.3% in the 3rd 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 purchasing an additional 87,882 shares in the last quarter. 96.05% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Helmerich & Payne

In other news, SVP Cara M. Hair sold 58,771 shares of Helmerich & Payne stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $36.62, for a total transaction of $2,152,194.02. Following the transaction, the senior vice president directly owned 175,589 shares of the company’s stock, valued at $6,430,069.18. The trade was a 25.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.40% of the stock is currently owned by insiders.

Helmerich & Payne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 18th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, May 18th. Helmerich & Payne’s payout ratio is presently -31.35%.

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.