Zacks Research Cuts Earnings Estimates for Helmerich & Payne

Helmerich & Payne, Inc. (NYSE:HP) – Research analysts at Zacks Research dropped their Q2 2026 earnings per share (EPS) estimates for Helmerich & Payne in a report issued on Wednesday, April 15th. Zacks Research analyst Team now anticipates that the oil and gas company will post earnings per share of ($0.08) for the quarter, down from their previous forecast of ($0.06). 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 Q4 2026 earnings at $0.12 EPS, Q1 2027 earnings at $0.18 EPS, Q2 2027 earnings at $0.09 EPS, Q1 2028 earnings at ($0.01) EPS, Q2 2028 earnings at $0.27 EPS and FY2028 earnings at $2.01 EPS.

Helmerich & Payne (NYSE:HP) last announced 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). The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $990.16 million. Helmerich & Payne had a negative net margin of 7.71% and a positive return on equity of 0.28%. The firm’s revenue was up 50.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.71 earnings per share.

Several other analysts have also recently issued reports on HP. Barclays increased their price objective on Helmerich & Payne from $36.00 to $39.00 and gave the company an “overweight” rating in a research note on Tuesday, February 10th. Piper Sandler increased their price objective on Helmerich & Payne from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Wednesday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Helmerich & Payne in a research note on Friday, March 27th. Royal Bank Of Canada increased their price objective 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. Finally, Morgan Stanley raised their price target on Helmerich & Payne from $30.00 to $35.00 and gave the company an “underweight” rating in a research note on Wednesday. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Helmerich & Payne presently has a consensus rating of “Hold” and an average price target of $37.80.

Helmerich & Payne Stock Down 3.8%

Shares of NYSE HP opened at $33.61 on Friday. The stock has a market cap of $3.36 billion, a P/E ratio of -10.54 and a beta of 0.55. The company has a current ratio of 2.03, a quick ratio of 1.58 and a debt-to-equity ratio of 0.75. Helmerich & Payne has a 12-month low of $14.65 and a 12-month high of $37.87. The business’s fifty day simple moving average is $34.99 and its 200-day simple moving average is $30.59.

Institutional Trading of Helmerich & Payne

Hedge funds and other institutional investors have recently made changes to their positions in the company. Allianz Asset Management GmbH increased its position in shares of Helmerich & Payne by 234.7% during the third quarter. Allianz Asset Management GmbH now owns 383,437 shares of the oil and gas company’s stock worth $8,470,000 after purchasing an additional 268,882 shares in the last quarter. Fairfax Financial Holdings Ltd. Can increased its position in shares of Helmerich & Payne by 20.5% during the third quarter. Fairfax Financial Holdings Ltd. Can now owns 1,174,105 shares of the oil and gas company’s stock worth $25,948,000 after purchasing an additional 200,000 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Helmerich & Payne by 61.5% during the third quarter. Advisors Asset Management Inc. now owns 117,958 shares of the oil and gas company’s stock worth $2,606,000 after purchasing an additional 44,906 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Helmerich & Payne by 398.3% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 47,073 shares of the oil and gas company’s stock worth $1,040,000 after purchasing an additional 37,626 shares in the last quarter. Finally, Deprince Race & Zollo Inc. purchased a new position in shares of Helmerich & Payne during the fourth quarter worth about $23,120,000. Institutional investors and hedge funds own 96.05% of the company’s stock.

Insider Activity 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 sale, the senior vice president owned 175,589 shares in the company, valued at approximately $6,430,069.18. The trade was a 25.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.40% of the company’s stock.

Helmerich & Payne Dividend Announcement

The company also recently announced 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. The ex-dividend date is Monday, May 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.0%. Helmerich & Payne’s payout ratio is -31.35%.

Key Helmerich & Payne News

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

• Positive Sentiment: Zacks raised its FY2028 EPS view to $2.01 (from $1.51), signaling a stronger longer‑term earnings outlook that could support the stock if the company meets improving 2028 dynamics. MarketBeat HP
• Positive Sentiment: Q2 2028 EPS was nudged up to $0.27 from $0.24, indicating slightly better expected performance for that quarter. MarketBeat HP
• Positive Sentiment: Minor upward revisions for Q2 2027 and Q4 2026 (to $0.09 and $0.12, respectively) suggest pockets of expected improvement across upcoming quarters. MarketBeat HP
• Negative Sentiment: Zacks slashed Q1 2028 EPS from $0.17 to ($0.01), a meaningful near‑term cut that raises concerns about seasonality, pricing or cadence of contract work and likely pressures sentiment. MarketBeat HP
• Negative Sentiment: Other near‑term downgrades include Q1 2027 (to $0.18 from $0.20), Q2 2026 (to ($0.08) from ($0.06)), and a small trim to FY2027 (to $0.55), which together signal uneven near‑term demand/profitability expectations. MarketBeat HP

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.