Q2 EPS Estimate for Helmerich & Payne Lowered by Analyst

Helmerich & Payne, Inc. (NYSE:HP) – Investment analysts at Zacks Research dropped their Q2 2026 earnings estimates for shares of Helmerich & Payne in a report released on Wednesday, March 18th. Zacks Research analyst Team now anticipates that the oil and gas company will earn ($0.06) per share for the quarter, down from their prior forecast of $0.01. 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 Q3 2026 earnings at $0.07 EPS, Q4 2026 earnings at $0.11 EPS, FY2026 earnings at ($0.03) EPS, Q1 2027 earnings at $0.20 EPS, Q2 2027 earnings at $0.08 EPS, Q3 2027 earnings at $0.03 EPS, FY2027 earnings at $0.56 EPS and Q1 2028 earnings at $0.17 EPS.

Helmerich & Payne (NYSE:HP) last announced its quarterly earnings results on Wednesday, February 4th. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $990.16 million. During the same period last year, the business earned $0.71 EPS. Helmerich & Payne’s revenue was up 50.2% on a year-over-year basis.

A number of other research analysts also recently issued reports on the company. The Goldman Sachs Group restated a “neutral” rating and set a $32.00 price target on shares of Helmerich & Payne in a report on Wednesday, January 14th. Royal Bank Of Canada upped their price target on Helmerich & Payne from $34.00 to $36.00 and gave the company a “sector perform” rating in a research report on Friday, February 6th. Morgan Stanley reiterated an “underweight” rating and issued a $28.00 price objective on shares of Helmerich & Payne in a report on Wednesday, January 21st. Piper Sandler lifted their price objective on Helmerich & Payne from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday, February 9th. Finally, JPMorgan Chase & Co. raised Helmerich & Payne from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $24.00 to $34.00 in a research note on Wednesday, December 10th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Helmerich & Payne presently has an average rating of “Hold” and an average price target of $36.80.

Helmerich & Payne Stock Performance

Shares of NYSE:HP opened at $36.42 on Friday. The company has a current ratio of 2.03, a quick ratio of 1.58 and a debt-to-equity ratio of 0.75. The company has a 50-day moving average price of $34.11 and a 200-day moving average price of $28.61. The company has a market cap of $3.64 billion, a price-to-earnings ratio of -11.42 and a beta of 0.54. Helmerich & Payne has a 12 month low of $14.65 and a 12 month high of $37.00.

Helmerich & Payne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be issued a $0.25 dividend. The ex-dividend date is Monday, May 18th. This represents a $1.00 annualized dividend and a yield of 2.7%. Helmerich & Payne’s dividend payout ratio (DPR) is -31.35%.

Institutional Trading of Helmerich & Payne

Large investors have recently bought and sold shares of the company. Allianz Asset Management GmbH grew its stake in shares of 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 worth $8,470,000 after acquiring an additional 268,882 shares during the last quarter. Fairfax Financial Holdings Ltd. Can increased its holdings 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 valued at $25,948,000 after acquiring an additional 200,000 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Helmerich & Payne by 61.5% in the 3rd 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 during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Helmerich & Payne by 398.3% in the 3rd 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 during the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in Helmerich & Payne in the 2nd quarter worth about $174,000. 96.05% of the stock is owned by institutional investors.

More Helmerich & Payne News

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

• Positive Sentiment: Evercore upgraded HP from “in-line” to “outperform” and set a $43 price target (about ~18% above current levels), which supports upside expectations and may attract buyers. Finviz
• Positive Sentiment: Zacks raised a couple of forward estimates: Q1 2027 EPS was nudged higher (to $0.20 from $0.17) and FY2028 EPS was slightly increased (to $1.51 from $1.47). These upgrades provide some offset to near-term cuts and suggest Zacks sees improvement later in the planning horizon. MarketBeat
• Negative Sentiment: Zacks issued multiple downward revisions that are likely weighing on sentiment: FY2026 EPS was cut to ($0.03) from $0.10, FY2027 to $0.56 from $0.82, and several quarterly forecasts (Q2–Q4 2026 and parts of 2027) were lowered — including Q2 2026 to ($0.06). Those cuts reduce near-term earnings visibility and could pressure the stock if results or guidance miss expectations. MarketBeat

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.