Zacks Research Analysts Reduce Earnings Estimates for HP

Helmerich & Payne, Inc. (NYSE:HP) – Stock analysts at Zacks Research cut their Q3 2026 earnings estimates for shares of Helmerich & Payne in a research note issued to investors on Tuesday, July 21st. Zacks Research analyst Team now anticipates that the oil and gas company will post earnings of $0.09 per share for the quarter, down from their previous estimate of $0.12. 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 Q2 2028 earnings at ($0.04) EPS.

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

A number of other brokerages also recently commented on HP. Citigroup reduced their price objective on shares of Helmerich & Payne from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, June 29th. Susquehanna dropped their target price on Helmerich & Payne from $43.00 to $40.00 and set a “positive” rating on the stock in a research report on Wednesday, July 8th. The Goldman Sachs Group raised their price target on Helmerich & Payne from $35.00 to $41.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. Royal Bank Of Canada lifted their price target on Helmerich & Payne from $38.00 to $40.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Helmerich & Payne in a report on Wednesday, June 24th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Helmerich & Payne presently has a consensus rating of “Hold” and a consensus price target of $39.80.

Helmerich & Payne Trading Down 0.6%

Shares of Helmerich & Payne stock opened at $35.04 on Thursday. Helmerich & Payne has a 52-week low of $15.17 and a 52-week high of $41.82. The company has a quick ratio of 1.32, a current ratio of 1.71 and a debt-to-equity ratio of 0.71. The company’s 50-day simple moving average is $36.10 and its 200-day simple moving average is $35.40. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of -9.24 and a beta of 0.60.

Institutional Investors Weigh In On Helmerich & Payne

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. William B. Walkup & Associates Inc. increased its stake in Helmerich & Payne by 1.0% during the 1st quarter. William B. Walkup & Associates Inc. now owns 35,241 shares of the oil and gas company’s stock worth $1,270,000 after buying an additional 355 shares during the period. Oregon Public Employees Retirement Fund boosted its position in Helmerich & Payne by 1.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 22,761 shares of the oil and gas company’s stock valued at $653,000 after buying an additional 400 shares during the last quarter. Hantz Financial Services Inc. boosted its position in Helmerich & Payne by 24.3% in the 4th quarter. Hantz Financial Services Inc. now owns 2,276 shares of the oil and gas company’s stock valued at $65,000 after buying an additional 445 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Helmerich & Payne by 2.6% during the fourth quarter. Cerity Partners LLC now owns 19,339 shares of the oil and gas company’s stock valued at $555,000 after acquiring an additional 498 shares in the last quarter. Finally, KLCM Advisors Inc. grew its stake in shares of Helmerich & Payne by 5.5% during the fourth quarter. KLCM Advisors Inc. now owns 10,550 shares of the oil and gas company’s stock valued at $303,000 after acquiring an additional 550 shares in the last quarter. 96.05% of the stock is currently owned by institutional investors and hedge funds.

Helmerich & Payne Announces Dividend

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 issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.00 dividend on an annualized basis and a yield of 2.9%. Helmerich & Payne’s dividend payout ratio (DPR) is -26.39%.

Trending Headlines about Helmerich & Payne

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

• Positive Sentiment: Zacks Research boosted longer-term earnings forecasts for Helmerich & Payne, including FY2027 EPS to $1.22 from $1.10 and FY2028 EPS to $2.15 from $1.98, signaling improving profitability expectations.
• Positive Sentiment: Analysts also raised several quarterly estimates, including Q4 2026, Q1 2027, Q2 2027, Q3 2027, and Q4 2027, which points to a more constructive outlook for operations over the next few years.
• Neutral Sentiment: Despite the upgraded forecasts, current full-year estimates remain negative at about ($0.11) per share, indicating Helmerich & Payne is still expected to be unprofitable in the near term.
• Negative Sentiment: Recent estimate changes were mixed, with Zacks also trimming its Q3 2026 EPS view to $0.09 from $0.12, which tempers the near-term optimism.

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.