Helmerich & Payne (NYSE:HP) Sets New 52-Week High – What’s Next?

Shares of Helmerich & Payne, Inc. (NYSE:HP) hit a new 52-week high during trading on Thursday . The stock traded as high as $36.91 and last traded at $36.8450, with a volume of 145996 shares. The stock had previously closed at $36.17.

Trending Headlines about Helmerich & Payne

Here are the key news stories impacting Helmerich & Payne this week:

• Positive Sentiment: Evercore upgraded HP from “in-line” to “outperform” and set a $43 price target (about ~18% above current levels), which supports upside expectations and may attract buyers. Finviz
• Positive Sentiment: Zacks raised a couple of forward estimates: Q1 2027 EPS was nudged higher (to $0.20 from $0.17) and FY2028 EPS was slightly increased (to $1.51 from $1.47). These upgrades provide some offset to near-term cuts and suggest Zacks sees improvement later in the planning horizon. MarketBeat
• Negative Sentiment: Zacks issued multiple downward revisions that are likely weighing on sentiment: FY2026 EPS was cut to ($0.03) from $0.10, FY2027 to $0.56 from $0.82, and several quarterly forecasts (Q2–Q4 2026 and parts of 2027) were lowered — including Q2 2026 to ($0.06). Those cuts reduce near-term earnings visibility and could pressure the stock if results or guidance miss expectations. MarketBeat

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Piper Sandler lifted their price target on Helmerich & Payne from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, February 9th. Barclays raised their price objective on shares of Helmerich & Payne from $36.00 to $39.00 and gave the company an “overweight” rating in a research report on Tuesday, February 10th. JPMorgan Chase & Co. upgraded shares of Helmerich & Payne from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $24.00 to $34.00 in a research report on Wednesday, December 10th. Wall Street Zen cut shares of Helmerich & Payne from a “hold” rating to a “sell” rating in a research note on Sunday, November 23rd. Finally, Royal Bank Of Canada raised their price target on shares of Helmerich & Payne from $34.00 to $36.00 and gave the company a “sector perform” rating in a report on Friday, February 6th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $36.80.

Helmerich & Payne Stock Performance

The company has a debt-to-equity ratio of 0.75, a current ratio of 2.03 and a quick ratio of 1.58. The company has a market cap of $3.64 billion, a price-to-earnings ratio of -11.42 and a beta of 0.54. The stock has a 50-day moving average price of $34.11 and a 200 day moving average price of $28.61.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings data on Wednesday, February 4th. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $990.16 million. During the same quarter in the prior year, the firm posted $0.71 earnings per share. Helmerich & Payne’s revenue for the quarter was up 50.2% compared to the same quarter last year. As a group, analysts anticipate that Helmerich & Payne, Inc. will post 2.93 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 18th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, May 18th. Helmerich & Payne’s dividend payout ratio is -31.35%.

Institutional Investors Weigh In On Helmerich & Payne

Hedge funds and other institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted 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 worth $25,000 after purchasing an additional 1,582 shares during the period. Leonteq Securities AG acquired a new stake in shares of Helmerich & Payne in the 4th quarter valued at about $26,000. Rothschild Investment LLC lifted its holdings in shares of Helmerich & Payne by 1,377.8% in the third quarter. Rothschild Investment LLC now owns 1,330 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 1,240 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Helmerich & Payne by 46.5% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,745 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 554 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its position in shares of Helmerich & Payne by 184.3% during the third quarter. Hantz Financial Services Inc. now owns 1,831 shares of the oil and gas company’s stock worth $40,000 after buying an additional 1,187 shares during the period. 96.05% of the stock is currently owned by institutional investors and hedge funds.

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.