Zacks Research Analysts Reduce Earnings Estimates for HP

Helmerich & Payne, Inc. (NYSE:HP) – Equities research analysts at Zacks Research lowered their Q2 2026 earnings estimates for shares of Helmerich & Payne in a research report issued to clients and investors on Wednesday, March 18th. Zacks Research analyst Team now forecasts that the oil and gas company will earn ($0.06) per share for the quarter, down from their previous forecast of $0.01. 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 Q3 2026 earnings at $0.07 EPS, Q4 2026 earnings at $0.11 EPS, FY2026 earnings at ($0.03) EPS, Q1 2027 earnings at $0.20 EPS, Q2 2027 earnings at $0.08 EPS, Q3 2027 earnings at $0.03 EPS, FY2027 earnings at $0.56 EPS and Q1 2028 earnings at $0.17 EPS.

HP has been the subject of several other research reports. Susquehanna reaffirmed a “positive” rating and set a $40.00 price objective on shares of Helmerich & Payne in a research note on Friday, February 6th. 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. Morgan Stanley reiterated an “underweight” rating and set a $28.00 price target on shares of Helmerich & Payne in a report on Wednesday, January 21st. The Goldman Sachs Group reissued a “neutral” rating and issued a $32.00 price objective on shares of Helmerich & Payne in a report on Wednesday, January 14th. Finally, Piper Sandler boosted their target price on shares of Helmerich & Payne from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, February 9th. Four 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $36.20.

Helmerich & Payne Price Performance

Helmerich & Payne stock opened at $35.91 on Friday. The company has a fifty day simple moving average of $33.99 and a 200-day simple moving average of $28.50. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of -11.26 and a beta of 0.54. The company has a quick ratio of 1.58, a current ratio of 2.03 and a debt-to-equity ratio of 0.75. Helmerich & Payne has a 52-week low of $14.65 and a 52-week high of $36.96.

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

Helmerich & Payne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 18th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Monday, May 18th. Helmerich & Payne’s dividend payout ratio (DPR) is currently -31.35%.

Hedge Funds Weigh In On Helmerich & Payne

Hedge funds have recently bought and sold shares of the company. Allianz Asset Management GmbH lifted its position in shares of Helmerich & Payne by 234.7% during the third quarter. Allianz Asset Management GmbH now owns 383,437 shares of the oil and gas company’s stock worth $8,470,000 after purchasing an additional 268,882 shares in the last quarter. Fairfax Financial Holdings Ltd. Can increased its stake in Helmerich & Payne by 20.5% during the 3rd quarter. Fairfax Financial Holdings Ltd. Can now owns 1,174,105 shares of the oil and gas company’s stock worth $25,948,000 after buying an additional 200,000 shares during the period. Advisors Asset Management Inc. lifted its holdings in Helmerich & Payne by 61.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 117,958 shares of the oil and gas company’s stock worth $2,606,000 after buying an additional 44,906 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in Helmerich & Payne by 398.3% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 47,073 shares of the oil and gas company’s stock valued at $1,040,000 after buying an additional 37,626 shares during the period. Finally, Jefferies Financial Group Inc. acquired a new position in shares of Helmerich & Payne in the second quarter worth $174,000. Institutional investors and hedge funds 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.