Caxton Associates LLP Takes Position in Helmerich & Payne, Inc. $HP

Caxton Associates LLP purchased a new stake in shares of Helmerich & Payne, Inc. (NYSE:HP) during the first quarter, Holdings Channel reports. The institutional investor purchased 92,951 shares of the oil and gas company’s stock, valued at approximately $3,349,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake in Helmerich & Payne by 2,433.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,647 shares of the oil and gas company’s stock valued at $25,000 after buying an additional 1,582 shares in the last quarter. Leonteq Securities AG purchased a new stake in shares of Helmerich & Payne during the fourth quarter worth $26,000. Parallel Advisors LLC boosted its holdings in shares of Helmerich & Payne by 407.1% in the third quarter. Parallel Advisors LLC now owns 2,226 shares of the oil and gas company’s stock worth $49,000 after acquiring an additional 1,787 shares during the period. Hantz Financial Services Inc. boosted its holdings in shares of 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 worth $65,000 after acquiring an additional 445 shares during the period. Finally, Strs Ohio purchased a new position in shares of Helmerich & Payne in the first quarter valued at $101,000. 96.05% of the stock is owned by institutional investors.

Helmerich & Payne Stock Performance

NYSE:HP opened at $35.04 on Friday. The stock has a market cap of $3.50 billion, a P/E ratio of -9.24 and a beta of 0.60. 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 business’s 50-day moving average price is $36.10 and its two-hundred day moving average price is $35.40. Helmerich & Payne, Inc. has a twelve month low of $15.17 and a twelve month high of $41.82.

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 the consensus estimate 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 business had revenue of $932.36 million for the quarter, compared to analysts’ expectations of $945.60 million. During the same period in the previous year, the firm posted $0.01 EPS. The firm’s revenue for the quarter was down 8.2% compared to the same quarter last year. As a group, equities analysts predict that Helmerich & Payne, Inc. will post -0.11 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.9%. The ex-dividend date is Tuesday, August 18th. Helmerich & Payne’s dividend payout ratio is presently -26.39%.

Helmerich & Payne News Summary

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.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. The Goldman Sachs Group increased their price objective on Helmerich & Payne from $35.00 to $41.00 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. Citigroup decreased 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. Morgan Stanley reiterated an “underweight” rating and issued a $36.00 target price on shares of Helmerich & Payne in a research note on Wednesday, July 15th. Barclays raised their price target on shares of Helmerich & Payne from $39.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Finally, Susquehanna reduced their price target on shares of Helmerich & Payne from $43.00 to $40.00 and set a “positive” rating for the company in a research report on Wednesday, July 8th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $39.80.

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.