Zacks Research Issues Optimistic Forecast for HP Earnings

Helmerich & Payne, Inc. (NYSE:HP) – Equities researchers at Zacks Research lifted their Q4 2026 earnings per share estimates for shares of Helmerich & Payne in a research report issued on Tuesday, July 21st. Zacks Research analyst Team now expects that the oil and gas company will post earnings per share of $0.17 for the quarter, up from their previous estimate of $0.15. The consensus estimate for Helmerich & Payne’s current full-year earnings is ($0.11) per share. Zacks Research also issued estimates for Helmerich & Payne’s Q1 2027 earnings at $0.16 EPS, Q2 2027 earnings at $0.15 EPS, Q3 2027 earnings at $0.47 EPS, Q4 2027 earnings at $0.43 EPS, FY2027 earnings at $1.22 EPS, Q1 2028 earnings at $0.92 EPS, Q3 2028 earnings at $0.32 EPS and FY2028 earnings at $2.15 EPS.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings results on Wednesday, May 6th. The oil and gas company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.32). The firm had revenue of $932.36 million for the quarter, compared to analyst estimates of $945.60 million. Helmerich & Payne had a negative net margin of 9.38% and a negative return on equity of 1.16%. The business’s revenue was down 8.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.01 earnings per share.

Other research analysts also recently issued reports about the stock. Piper Sandler raised their price target on shares of Helmerich & Payne from $41.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. The Goldman Sachs Group boosted their price objective on shares of Helmerich & Payne from $35.00 to $41.00 and gave the company a “neutral” rating in a research report on Wednesday, June 3rd. Citigroup dropped their price objective on shares of Helmerich & Payne from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, June 29th. Susquehanna cut their target price on shares of Helmerich & Payne from $43.00 to $40.00 and set a “positive” rating on the stock in a report on Wednesday, July 8th. Finally, Morgan Stanley restated an “underweight” rating and issued a $36.00 target price on shares of Helmerich & Payne in a research note on Wednesday, July 15th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $39.80.

Helmerich & Payne Stock Up 2.0%

HP stock opened at $35.29 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 1.32. Helmerich & Payne has a 1-year low of $15.17 and a 1-year high of $41.82. The firm has a fifty day moving average price of $36.19 and a two-hundred day moving average price of $35.36. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of -9.31 and a beta of 0.60.

Helmerich & Payne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Tuesday, August 18th. Helmerich & Payne’s dividend payout ratio (DPR) is presently -26.39%.

Hedge Funds Weigh In On Helmerich & Payne

Institutional investors have recently modified their holdings of the company. Balyasny Asset Management L.P. lifted its position in Helmerich & Payne by 174.1% in the 2nd quarter. Balyasny Asset Management L.P. now owns 2,044,383 shares of the oil and gas company’s stock valued at $30,993,000 after purchasing an additional 1,298,510 shares during the last quarter. Encompass Capital Advisors LLC grew its position in Helmerich & Payne by 165.1% in the 4th quarter. Encompass Capital Advisors LLC now owns 2,081,644 shares of the oil and gas company’s stock worth $59,702,000 after purchasing an additional 1,296,537 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Helmerich & Payne by 316.9% in the third quarter. Ameriprise Financial Inc. now owns 1,218,057 shares of the oil and gas company’s stock valued at $26,907,000 after purchasing an additional 925,921 shares during the period. Canoe Financial LP acquired a new stake in shares of Helmerich & Payne in the first quarter valued at approximately $33,130,000. Finally, Bank of America Corp DE raised its holdings in shares of Helmerich & Payne by 109.2% during the first quarter. Bank of America Corp DE now owns 1,676,169 shares of the oil and gas company’s stock valued at $60,392,000 after buying an additional 874,823 shares during the last quarter. Institutional investors own 96.05% of the company’s stock.

More Helmerich & Payne News

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

• Positive Sentiment: Zacks Research lifted its FY2027 EPS estimate for Helmerich & Payne to $1.22 from $1.10, suggesting better earnings power next year.
• Positive Sentiment: The firm also increased its FY2028 EPS forecast to $2.15 from $1.98, reinforcing a more optimistic longer-term outlook.
• Positive Sentiment: Analysts raised near- and mid-term estimates for Q4 2026, Q1 2027, Q2 2027, Q3 2027, and Q4 2027, which may indicate improving expectations for the company’s drilling activity and earnings trajectory.
• Neutral Sentiment: Omega Oil & Gas began mobilizing Helmerich & Payne’s FlexRig 648 for a drilling program, which highlights ongoing rig demand but does not yet provide financial details. Article Title
• Neutral Sentiment: Omega Oil & Gas also noted the start of a separate Taroom Trough drilling program using Helmerich & Payne equipment, another sign of operational activity without immediate earnings impact. Article Title

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.