Helmerich & Payne (NYSE:HP) Sets New 52-Week High – What’s Next?

Helmerich & Payne, Inc. (NYSE:HP)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $38.54 and last traded at $38.5080, with a volume of 143734 shares. The stock had previously closed at $37.58.

Key Helmerich & Payne News

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

• Positive Sentiment: Zacks Research raised its Q1 2028 EPS forecast to $0.20 from ($0.01), signaling a better near-term earnings trajectory for HP and supporting optimism about improving operations.
• Positive Sentiment: Zacks Research raised its Q2 2028 EPS estimate to $0.39 (from $0.27), reflecting upward revisions to late‑2027/early‑2028 expectations that can boost investor sentiment.
• Positive Sentiment: Zacks lifted its Q4 2027 estimate to $0.30 from $0.25 and also nudged FY2027 higher to $0.57 (from $0.55), indicating analysts are increasingly encouraged by the company’s recovery trajectory.
• Positive Sentiment: An analyst raised a Q4 EPS estimate for Helmerich & Payne, a development that reinforces the recent string of upward revisions. Article Title
• Neutral Sentiment: Analysts’ consensus recommendation remains a “Hold,” which suggests the market may view the recent estimate changes as incremental rather than a clear buy signal. Article Title
• Negative Sentiment: Zacks trimmed its Q2 2027 estimate slightly to $0.08 from $0.09, a small downgrade that injects some caution into the mid‑term outlook.
• Negative Sentiment: Zacks cut its Q2 2026 forecast to ($0.10) from ($0.08) and reduced FY2026 to ($0.04) from ($0.03), reflecting near-term headwinds in the current fiscal year.
• Negative Sentiment: Zacks lowered its FY2028 estimate to $1.80 from $2.01, a notable downward revision for longer‑range expectations that could cap upside if sustained.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. The Goldman Sachs Group reissued a “neutral” rating and issued a $32.00 price objective on shares of Helmerich & Payne in a research note on Wednesday, January 14th. Piper Sandler boosted their price objective on Helmerich & Payne from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. Weiss Ratings reissued a “sell (d+)” rating on shares of Helmerich & Payne in a research note on Friday, March 27th. Evercore raised Helmerich & Payne from an “in-line” rating to an “outperform” rating and set a $43.00 price objective on the stock in a research note on Friday, March 20th. Finally, Barclays boosted their price objective on Helmerich & Payne from $36.00 to $39.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 10th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $37.80.

Helmerich & Payne Trading Up 1.9%

The company has a market cap of $3.82 billion, a P/E ratio of -12.00 and a beta of 0.55. 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 business has a 50-day moving average price of $35.22 and a two-hundred day moving average price of $31.11.

Helmerich & Payne (NYSE:HP) last released its earnings results on Wednesday, February 4th. The oil and gas company reported ($0.15) earnings per share 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 positive return on equity of 0.28% and a negative net margin of 7.71%.The company’s revenue was up 50.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 EPS. On average, analysts predict that Helmerich & Payne, Inc. will post 0.12 EPS for the current year.

Helmerich & Payne Announces Dividend

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 2.6%. Helmerich & Payne’s payout ratio is presently -31.35%.

Insider Buying and Selling at Helmerich & Payne

In other news, SVP Cara M. Hair sold 58,771 shares of the business’s stock in a transaction on 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 completion of the sale, the senior vice president owned 175,589 shares in the company, valued at $6,430,069.18. The trade was a 25.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 4.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Helmerich & Payne

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

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.