Q4 EPS Estimate for Helmerich & Payne Lowered by Analyst

Helmerich & Payne, Inc. (NYSE:HP) – Equities researchers at Zacks Research lowered their Q4 2027 earnings per share estimates for shares of Helmerich & Payne in a research report issued on Wednesday, March 18th. Zacks Research analyst Team now forecasts that the oil and gas company will earn $0.25 per share for the quarter, down from their prior estimate of $0.31. 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 FY2028 earnings at $1.51 EPS.

Helmerich & Payne (NYSE:HP) last issued 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 analysts’ expectations 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 quarterly revenue was up 50.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 earnings per share.

Several other brokerages have also commented on HP. Royal Bank Of Canada upped their price objective on shares of Helmerich & Payne from $34.00 to $36.00 and gave the stock a “sector perform” rating in a report on Friday, February 6th. Evercore set a $37.00 target price on Helmerich & Payne in a research report on Friday, February 6th. The Goldman Sachs Group restated a “neutral” rating and set a $32.00 price target on shares of Helmerich & Payne in a research note on Wednesday, January 14th. Morgan Stanley restated an “underweight” rating and set a $28.00 price target on shares of Helmerich & Payne in a research report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. raised Helmerich & Payne from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $24.00 to $34.00 in a research note on Wednesday, December 10th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $36.20.

Helmerich & Payne Price Performance

Shares of HP opened at $35.91 on Thursday. The firm has a 50-day simple moving average of $33.99 and a two-hundred day simple moving average of $28.50. The stock has a market cap of $3.59 billion, a PE ratio of -11.26 and a beta of 0.54. Helmerich & Payne has a 1-year low of $14.65 and a 1-year high of $36.96. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.03 and a quick ratio of 1.58.

Helmerich & Payne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be paid 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 2.8%. Helmerich & Payne’s payout ratio is presently -31.35%.

Hedge Funds Weigh In On Helmerich & Payne

Several large investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its holdings in Helmerich & Payne by 4.4% during the 1st quarter. Royal Bank of Canada now owns 104,180 shares of the oil and gas company’s stock worth $2,721,000 after buying an additional 4,394 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Helmerich & Payne by 6.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,630 shares of the oil and gas company’s stock valued at $1,531,000 after acquiring an additional 3,611 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Helmerich & Payne by 39,685.1% in the 1st quarter. NewEdge Advisors LLC now owns 34,613 shares of the oil and gas company’s stock valued at $904,000 after acquiring an additional 34,526 shares during the last quarter. Empowered Funds LLC raised its position in shares of Helmerich & Payne by 9.9% during the 1st quarter. Empowered Funds LLC now owns 9,459 shares of the oil and gas company’s stock worth $247,000 after acquiring an additional 852 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Helmerich & Payne by 34.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 213,445 shares of the oil and gas company’s stock worth $5,575,000 after acquiring an additional 54,758 shares in the last quarter. Hedge funds and other institutional investors own 96.05% of the company’s stock.

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.