Helmerich & Payne (NYSE:HP) Raised to Outperform at Evercore

Helmerich & Payne (NYSE:HP) was upgraded by research analysts at Evercore from an “in-line” rating to an “outperform” rating in a report issued on Friday, Marketbeat.com reports. The firm presently has a $43.00 price objective on the oil and gas company’s stock. Evercore’s price target would suggest a potential upside of 18.06% from the company’s current price.

A number of other brokerages also recently commented on HP. Susquehanna reaffirmed a “positive” rating and issued a $40.00 price target on shares of Helmerich & Payne in a report on Friday, February 6th. Morgan Stanley reissued an “underweight” rating and set a $28.00 price objective on shares of Helmerich & Payne in a research note on Wednesday, January 21st. JPMorgan Chase & Co. upgraded Helmerich & Payne from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $24.00 to $34.00 in a research report on Wednesday, December 10th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Helmerich & Payne in a research note on Monday, December 29th. Finally, Wall Street Zen cut Helmerich & Payne from a “hold” rating to a “sell” rating in a report on Sunday, November 23rd. 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’s stock. According to data from MarketBeat.com, Helmerich & Payne presently has a consensus rating of “Hold” and an average target price of $36.80.

Helmerich & Payne Trading Up 1.3%

Shares of HP opened at $36.42 on Friday. The stock has a market capitalization of $3.64 billion, a PE ratio of -11.42 and a beta of 0.54. The company’s fifty day moving average is $34.11 and its 200 day moving average is $28.66. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.58 and a current ratio of 2.03. Helmerich & Payne has a fifty-two week low of $14.65 and a fifty-two week high of $37.00.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings data on Wednesday, February 4th. The oil and gas company reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.27). Helmerich & Payne had a negative net margin of 7.71% and a positive return on equity of 0.28%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $990.16 million. During the same quarter last year, the business earned $0.71 EPS. Helmerich & Payne’s revenue for the quarter was up 50.2% compared to the same quarter last year. Sell-side analysts expect that Helmerich & Payne will post 2.93 earnings per share for the current fiscal year.

Institutional Trading of Helmerich & Payne

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in shares of Helmerich & Payne by 4.4% during the first quarter. Royal Bank of Canada now owns 104,180 shares of the oil and gas company’s stock valued at $2,721,000 after buying an additional 4,394 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Helmerich & Payne by 6.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,630 shares of the oil and gas company’s stock worth $1,531,000 after buying an additional 3,611 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Helmerich & Payne by 39,685.1% during the 1st quarter. NewEdge Advisors LLC now owns 34,613 shares of the oil and gas company’s stock worth $904,000 after acquiring an additional 34,526 shares during the last quarter. Empowered Funds LLC lifted its stake 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 during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in 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 valued at $5,575,000 after acquiring an additional 54,758 shares during the period. Institutional investors own 96.05% of the company’s stock.

Helmerich & Payne News Roundup

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

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.