Zacks Research Analysts Decrease Earnings Estimates for HP

Helmerich & Payne, Inc. (NYSE:HP) – Zacks Research cut their Q2 2026 earnings per share (EPS) estimates for shares of Helmerich & Payne in a report issued on Tuesday, April 21st. Zacks Research analyst Team now expects that the oil and gas company will post earnings per share of ($0.10) for the quarter, down from their previous estimate of ($0.08). The consensus estimate for Helmerich & Payne’s current full-year earnings is $0.12 per share. Zacks Research also issued estimates for Helmerich & Payne’s FY2026 earnings at ($0.04) EPS, Q2 2027 earnings at $0.08 EPS, Q4 2027 earnings at $0.30 EPS, FY2027 earnings at $0.57 EPS, Q1 2028 earnings at $0.20 EPS, Q2 2028 earnings at $0.39 EPS and FY2028 earnings at $1.80 EPS.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings results on Wednesday, February 4th. The oil and gas company reported ($0.15) earnings per share 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 during the quarter, compared to analysts’ expectations of $990.16 million. During the same quarter in the prior year, the firm earned $0.71 EPS. The firm’s revenue for the quarter was up 50.2% compared to the same quarter last year.

Other analysts also recently issued research reports about the stock. Royal Bank Of Canada raised their price target on shares of Helmerich & Payne from $34.00 to $36.00 and gave the company a “sector perform” rating in a report on Friday, February 6th. Piper Sandler increased their price objective on shares of Helmerich & Payne from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. TD Cowen raised their target price on shares of Helmerich & Payne from $35.00 to $38.00 and gave the stock a “hold” rating in a report on Monday, February 9th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $32.00 target price on shares of Helmerich & Payne in a research report on Wednesday, January 14th. Finally, Susquehanna boosted their target price on shares of Helmerich & Payne from $40.00 to $42.00 and gave the company a “positive” rating in a research note on Tuesday, April 7th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $37.80.

Helmerich & Payne Price Performance

NYSE HP opened at $37.59 on Thursday. Helmerich & Payne has a one year low of $14.65 and a one year high of $37.87. The stock has a 50-day moving average of $35.11 and a 200 day moving average of $30.95. 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 market capitalization of $3.75 billion, a price-to-earnings ratio of -11.78 and a beta of 0.55.

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 paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, May 18th. Helmerich & Payne’s dividend payout ratio is -31.35%.

Insider Buying and Selling

In related news, SVP Cara M. Hair sold 58,771 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $36.62, for a total value of $2,152,194.02. Following the transaction, the senior vice president directly owned 175,589 shares of the company’s stock, valued at approximately $6,430,069.18. This trade represents a 25.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.40% of the company’s stock.

Institutional Trading of Helmerich & Payne

A number of hedge funds and other institutional investors have recently bought and sold shares of HP. EverSource Wealth Advisors LLC lifted its position in shares of Helmerich & Payne by 2,433.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,647 shares of the oil and gas company’s stock valued at $25,000 after buying an additional 1,582 shares in the last quarter. Leonteq Securities AG purchased a new stake in Helmerich & Payne in the 4th quarter worth approximately $26,000. Rothschild Investment LLC increased its holdings in Helmerich & Payne by 1,377.8% in the 3rd quarter. Rothschild Investment LLC now owns 1,330 shares of the oil and gas company’s stock worth $29,000 after acquiring an additional 1,240 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Helmerich & Payne by 46.5% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,745 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 554 shares during the period. Finally, Hantz Financial Services Inc. lifted its holdings in Helmerich & Payne by 184.3% during the third quarter. Hantz Financial Services Inc. now owns 1,831 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 1,187 shares in the last quarter. Hedge funds and other institutional investors 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 multiple mid‑term estimates — notably Q1 2028 to $0.20 (from -$0.01), Q2 2028 to $0.39 (from $0.27), Q4 2027 to $0.30 (from $0.25), and lifted FY2027 to $0.57 (from $0.55) — suggesting an improving earnings trajectory into 2027–2028.
• Neutral Sentiment: Analyst coverage remains conservative overall: the consensus recommendation is a “Hold,” indicating no broad upgrade in analyst stance despite the mix of revisions. Helmerich & Payne, Inc. (NYSE:HP) Given Consensus Recommendation of “Hold” by Analysts
• Negative Sentiment: Zacks cut several nearer‑term and long‑range forecasts — Q2 2026 to ($0.10) (from ($0.08)), Q2 2027 to $0.08 (from $0.09), FY2026 to ($0.04) (from ($0.03)), and lowered FY2028 to $1.80 (from $2.01) — reflecting caution about short‑term demand and trimming longer‑term upside.

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.