Zacks Research Has Bullish Forecast for HP FY2026 Earnings

Helmerich & Payne, Inc. (NYSE:HP) – Equities researchers at Zacks Research boosted their FY2026 earnings estimates for shares of Helmerich & Payne in a research note issued to investors on Friday, October 9th. Zacks Research analyst Team now anticipates that the oil and gas company will post earnings per share of ($0.43) for the year, up from their previous forecast of ($0.46). 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 Q3 2027 earnings at $0.38 EPS, Q1 2028 earnings at ($0.34) EPS and Q2 2028 earnings at $1.37 EPS.

A number of other analysts have also commented on HP. UBS Group lifted their price target on Helmerich & Payne from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Monday. Barclays boosted their price objective on Helmerich & Payne from $50.00 to $51.00 and gave the stock an “overweight” rating in a research report on Monday. Citigroup upped their price objective on Helmerich & Payne from $36.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, September 4th. Royal Bank Of Canada raised their target price on Helmerich & Payne from $44.00 to $49.00 and gave the company a “sector perform” rating in a research report on Thursday, September 10th. Finally, Bank of America reaffirmed a “buy” rating on shares of Helmerich & Payne in a research report on Monday. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $44.36.

Helmerich & Payne Stock Performance

Shares of HP opened at $38.66 on Tuesday. 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 capitalization of $3.86 billion, a price-to-earnings ratio of -27.42, a PEG ratio of 1.13 and a beta of 0.69. The stock has a 50 day moving average of $41.40 and a 200 day moving average of $38.02. Helmerich & Payne has a 12 month low of $21.76 and a 12 month high of $48.17.

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

Hedge Funds Weigh In On Helmerich & Payne

Institutional investors and hedge funds have recently bought and sold shares of the company. Strs Ohio purchased a new stake in Helmerich & Payne in the first quarter worth $101,000. Nykredit A S bought a new stake in shares of Helmerich & Payne in the second quarter valued at $112,000. Core Capital Management & Research inc. bought a new stake in shares of Helmerich & Payne in the second quarter valued at $196,000. Avantax Planning Partners Inc. purchased a new position in shares of Helmerich & Payne during the 1st quarter valued at $210,000. Finally, CacheTech Inc. purchased a new position in shares of Helmerich & Payne during the 1st quarter valued at $213,000. 96.05% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Hans Helmerich sold 94,470 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $43.90, for a total transaction of $4,147,233.00. Following the completion of the transaction, the director directly owned 20,000 shares of the company’s stock, valued at $878,000. This represents a 82.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Sara Momper sold 5,054 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $44.28, for a total transaction of $223,791.12. Following the sale, the chief accounting officer owned 16,958 shares of the company’s stock, valued at approximately $750,900.24. The trade was a 22.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 110,673 shares of company stock valued at $4,864,590 in the last three months. Company insiders own 4.40% of the company’s stock.

Helmerich & Payne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Wednesday, November 18th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Wednesday, November 18th. Helmerich & Payne’s payout ratio is presently -70.92%.

Helmerich & Payne Company Profile

Helmerich & Payne, Inc is a contract drilling company that provides land and offshore drilling services to oil and natural gas exploration and production companies. Founded in 1920 and headquartered in Tulsa, Oklahoma, the company operates and manages drilling rigs used to develop unconventional and conventional energy resources.

Its services include drilling-rig contracting, rig management, operational support, and technology solutions designed to improve drilling efficiency, safety, and well performance.