Evercore Upgrades Helmerich & Payne (NYSE:HP) to Outperform

Helmerich & Payne (NYSE:HP) was upgraded by stock analysts at Evercore from an “in-line” rating to an “outperform” rating in a research note issued on Friday, MarketBeat.com reports. The firm presently has a $43.00 target price on the oil and gas company’s stock. Evercore’s price objective indicates a potential upside of 19.73% from the company’s current price.

A number of other research analysts have also recently commented on HP. Wall Street Zen cut shares of Helmerich & Payne from a “hold” rating to a “sell” rating in a research report on Sunday, November 23rd. Piper Sandler increased 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. Weiss Ratings reissued a “sell (d+)” rating on shares of Helmerich & Payne in a research note on Monday, December 29th. The Goldman Sachs Group restated a “neutral” rating and set a $32.00 price target on shares of Helmerich & Payne in a research report on Wednesday, January 14th. Finally, TD Cowen raised their price objective on Helmerich & Payne from $35.00 to $38.00 and gave the company a “hold” rating in a research note on Monday, February 9th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Helmerich & Payne presently has a consensus rating of “Hold” and a consensus target price of $36.80.

Helmerich & Payne Trading Down 0.7%

Shares of Helmerich & Payne stock opened at $35.91 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.03 and a quick ratio of 1.58. Helmerich & Payne has a 1 year low of $14.65 and a 1 year high of $36.96. The firm has a market cap of $3.59 billion, a PE ratio of -11.26 and a beta of 0.54. The company has a 50 day simple moving average of $33.99 and a two-hundred day simple moving average of $28.50.

Helmerich & Payne (NYSE:HP) last issued its quarterly 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). The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $990.16 million. Helmerich & Payne had a positive return on equity of 0.28% and a negative net margin of 7.71%.Helmerich & Payne’s quarterly revenue was up 50.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 EPS. Analysts expect that Helmerich & Payne will post 2.93 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Helmerich & Payne

A number of institutional investors and hedge funds have recently made changes to their positions in HP. Royal Bank of Canada boosted its holdings in Helmerich & Payne by 4.4% in the first quarter. Royal Bank of Canada now owns 104,180 shares of the oil and gas company’s stock worth $2,721,000 after acquiring an additional 4,394 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Helmerich & Payne by 6.6% in the first 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 buying an additional 3,611 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Helmerich & Payne by 39,685.1% in the first quarter. NewEdge Advisors LLC now owns 34,613 shares of the oil and gas company’s stock worth $904,000 after buying an additional 34,526 shares during the last quarter. Empowered Funds LLC lifted 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 buying an additional 852 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Helmerich & Payne by 34.5% during 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 buying an additional 54,758 shares during the last quarter. Institutional investors own 96.05% of the company’s stock.

Helmerich & Payne News Summary

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

• Positive Sentiment: Q1 2027 EPS raised to $0.20 from $0.17 by Zacks, a slight beat to prior guidance that could support the early-2027 outlook.
• Positive Sentiment: FY2028 EPS nudged up to $1.51 from $1.47, signaling Zacks sees modest recovery longer term.
• Negative Sentiment: Material cuts to FY2027 and related quarters: Zacks trimmed FY2027 to $0.56 from $0.82 and lowered Q2–Q4 2027 quarterlies (Q2 to $0.08 from $0.21; Q3 to $0.03 from $0.14; Q4 to $0.25 from $0.31). These reductions suggest weaker activity or margin expectations through 2027.
• Negative Sentiment: Near-term and FY2026 downgrades: multiple Q2–Q4 2026 cuts (Q2 2026 to ($0.06) from $0.01; Q3 2026 to $0.07 from $0.08; Q4 2026 to $0.11 from $0.16) and FY2026 to ($0.03) from $0.10 — indicating Zacks now expects a loss for FY2026.
• Negative Sentiment: Q1 2028 estimate was reduced to $0.17 from $0.38 in Zacks’ schedule shown, highlighting persistent near-term volatility in quarterly pacing.

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.