Zacks Research Cuts Earnings Estimates for Helmerich & Payne

Helmerich & Payne, Inc. (NYSE:HP) – Stock analysts at Zacks Research lowered their Q4 2027 earnings estimates for Helmerich & Payne in a research report issued on Wednesday, March 18th. Zacks Research analyst Team now forecasts that the oil and gas company will post earnings of $0.25 per share for the quarter, down from their prior forecast of $0.31. The consensus estimate for Helmerich & Payne’s current full-year earnings is $2.93 per share. Zacks Research also issued estimates for Helmerich & Payne’s FY2028 earnings at $1.51 EPS.

Helmerich & Payne (NYSE:HP) last issued its earnings results on Wednesday, February 4th. The oil and gas company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.27). Helmerich & Payne had a positive return on equity of 0.28% and a negative net margin of 7.71%.The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $990.16 million. During the same period last year, the company posted $0.71 earnings per share. The firm’s revenue for the quarter was up 50.2% on a year-over-year basis.

Several other equities research analysts have also weighed in on HP. Morgan Stanley reiterated an “underweight” rating and set a $28.00 price objective on shares of Helmerich & Payne in a research note on Wednesday, January 21st. Royal Bank Of Canada upped their target price on Helmerich & Payne from $34.00 to $36.00 and gave the company a “sector perform” rating in a report on Friday, February 6th. Piper Sandler increased their price target on Helmerich & Payne from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday, February 9th. Evercore set a $37.00 price target on Helmerich & Payne in a report on Friday, February 6th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $32.00 price objective on shares of Helmerich & Payne in a research report on Wednesday, January 14th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $36.20.

Helmerich & Payne Trading Up 1.8%

NYSE HP opened at $36.24 on Thursday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.58 and a current ratio of 2.03. Helmerich & Payne has a one year low of $14.65 and a one year high of $36.73. The company has a 50-day simple moving average of $33.90 and a 200-day simple moving average of $28.45. The firm has a market capitalization of $3.62 billion, a PE ratio of -11.36 and a beta of 0.54.

Helmerich & Payne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Monday, May 18th. Helmerich & Payne’s payout ratio is presently -31.35%.

Insider Buying and Selling

In other Helmerich & Payne news, Director Hans Helmerich sold 75,000 shares of the company’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $28.12, for a total value of $2,109,000.00. Following the completion of the transaction, the director owned 496,735 shares in the company, valued at approximately $13,968,188.20. This represents a 13.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.40% of the company’s stock.

Institutional Investors Weigh In On Helmerich & Payne

A number of hedge funds have recently made changes to their positions in the business. Royal Bank of Canada increased its position in Helmerich & Payne by 4.4% in 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position 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 period. NewEdge Advisors LLC boosted its position in Helmerich & Payne by 39,685.1% during 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 during the period. Empowered Funds LLC grew its stake in shares of Helmerich & Payne by 9.9% in the first quarter. Empowered Funds LLC now owns 9,459 shares of the oil and gas company’s stock worth $247,000 after purchasing an additional 852 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake 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 worth $5,575,000 after purchasing an additional 54,758 shares in the last quarter. Institutional investors own 96.05% of the company’s stock.

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.