Zacks Research Issues Negative Estimate for HP Earnings

Helmerich & Payne, Inc. (NYSE:HP) – Research analysts at Zacks Research reduced their Q3 2026 earnings estimates for Helmerich & Payne in a research note issued to investors on Tuesday, July 21st. Zacks Research analyst Team now forecasts that the oil and gas company will earn $0.09 per share for the quarter, down from their previous forecast 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 issued 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). Helmerich & Payne had a negative return on equity of 1.16% and a negative net margin of 9.38%.The company had revenue of $932.36 million for the quarter, compared to analyst estimates of $945.60 million. During the same quarter in the previous year, the business earned $0.01 earnings per share. The company’s revenue was down 8.2% on a year-over-year basis.

Several other equities research analysts have also issued reports on HP. Piper Sandler lifted their price target on shares of Helmerich & Payne from $41.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. Weiss Ratings restated a “sell (d+)” rating on shares of Helmerich & Payne in a research note on Wednesday, June 24th. Susquehanna dropped their price objective on Helmerich & Payne from $43.00 to $40.00 and set a “positive” rating on the stock in a research note on Wednesday, July 8th. Morgan Stanley reissued an “underweight” rating and issued a $36.00 target price on shares of Helmerich & Payne in a research note on Wednesday, July 15th. Finally, Citigroup lowered their target price on shares of Helmerich & Payne from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, June 29th. 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $39.80.

Helmerich & Payne Trading Up 2.0%

NYSE HP opened at $35.29 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.32 and a current ratio of 1.71. Helmerich & Payne has a 52 week low of $15.17 and a 52 week high of $41.82. The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of -9.31 and a beta of 0.60. The stock’s 50 day moving average price is $36.19 and its two-hundred day moving average price is $35.36.

Institutional Trading of Helmerich & Payne

Hedge funds and other institutional investors have recently bought and sold shares of the business. William B. Walkup & Associates Inc. lifted its position in shares of 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 valued at $1,270,000 after acquiring an additional 355 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in shares of 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 purchasing an additional 400 shares in the last quarter. Hantz Financial Services Inc. boosted its position in Helmerich & Payne by 24.3% in the fourth 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 in the last quarter. Cerity Partners LLC boosted its position in Helmerich & Payne by 2.6% in the fourth quarter. Cerity Partners LLC now owns 19,339 shares of the oil and gas company’s stock valued at $555,000 after buying 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 worth $303,000 after buying an additional 550 shares during the last quarter. Institutional investors and hedge funds own 96.05% of the company’s stock.

Helmerich & Payne Announces Dividend

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

Helmerich & Payne News Roundup

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

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.