Zacks Research Has Pessimistic Outlook of HP FY2026 Earnings

Helmerich & Payne, Inc. (NYSE:HP) – Stock analysts at Zacks Research lowered their FY2026 earnings estimates for shares of Helmerich & Payne in a report issued on Thursday, August 27th. Zacks Research analyst Team now anticipates that the oil and gas company will post earnings of ($0.46) per share for the year, down from their previous forecast of ($0.27). The consensus estimate for Helmerich & Payne’s current full-year earnings is ($0.18) per share. Zacks Research also issued estimates for Helmerich & Payne’s Q1 2027 earnings at $0.25 EPS, Q3 2027 earnings at $0.37 EPS, Q1 2028 earnings at ($0.39) EPS, Q2 2028 earnings at $1.42 EPS and Q3 2028 earnings at $1.13 EPS.

Other equities analysts have also recently issued research reports about the stock. Morgan Stanley increased their price objective on shares of Helmerich & Payne from $36.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday, August 20th. Citigroup decreased their target price on Helmerich & Payne from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, June 29th. Piper Sandler upped their price target on Helmerich & Payne from $41.00 to $43.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Barclays increased their price target on Helmerich & Payne from $47.00 to $50.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Finally, Royal Bank Of Canada raised their price objective 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. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $41.00.

Helmerich & Payne Trading Up 2.2%

HP opened at $43.50 on Monday. Helmerich & Payne has a 1-year low of $19.50 and a 1-year high of $45.00. The company has a current ratio of 1.96, a quick ratio of 1.55 and a debt-to-equity ratio of 0.69. The company has a market cap of $4.35 billion, a P/E ratio of -30.85 and a beta of 0.61. The company has a fifty day moving average price of $36.67 and a two-hundred day moving average price of $36.66.

Helmerich & Payne (NYSE:HP) last released its earnings results on Wednesday, August 5th. The oil and gas company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.20). The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $987.70 million. Helmerich & Payne had a negative net margin of 3.43% and a negative return on equity of 2.35%. The firm’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.22 EPS.

Helmerich & Payne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, August 18th. Helmerich & Payne’s dividend payout ratio is currently -70.92%.

Insider Buying and Selling

In other news, Director Hans Helmerich sold 94,470 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $43.90, for a total value of $4,147,233.00. Following the transaction, the director owned 20,000 shares in the company, valued at $878,000. This trade represents a 82.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Cara M. Hair sold 11,149 shares of Helmerich & Payne stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $44.27, for a total value of $493,566.23. Following the transaction, the senior vice president directly owned 136,095 shares in the company, valued at approximately $6,024,925.65. The trade was a 7.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 110,673 shares of company stock worth $4,864,590 in the last quarter. Insiders own 4.40% of the company’s stock.

Institutional Investors Weigh In On Helmerich & Payne

Institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada lifted its stake in Helmerich & Payne by 4.4% during the 1st quarter. Royal Bank of Canada now owns 104,180 shares of the oil and gas company’s stock valued at $2,721,000 after acquiring an additional 4,394 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Helmerich & Payne by 6.6% during the 1st 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 acquiring an additional 3,611 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Helmerich & Payne by 39,685.1% in 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 in the last quarter. Empowered Funds LLC grew its stake in shares of Helmerich & Payne by 9.9% in 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 in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Helmerich & Payne by 34.5% in the first 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 purchasing an additional 54,758 shares during the last quarter. Institutional investors own 96.05% of the company’s stock.

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.