Helmerich & Payne (NYSE:HP) Upgraded at Evercore

Evercore upgraded shares of Helmerich & Payne (NYSE:HP) from an in-line rating to an outperform rating in a research report report published on Friday, MarketBeat Ratings reports. They currently have $43.00 price target on the oil and gas company’s stock.

Other equities research analysts also recently issued research reports about the company. 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. Barclays raised their price objective on Helmerich & Payne from $36.00 to $39.00 and gave the company an “overweight” rating in a research note on Tuesday, February 10th. TD Cowen lifted their price objective on shares of Helmerich & Payne from $35.00 to $38.00 and gave the stock a “hold” rating in a report on Monday, February 9th. Piper Sandler upped their target price on shares of Helmerich & Payne from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. Finally, Citigroup raised their price target on shares of Helmerich & Payne from $33.00 to $38.00 and gave the company a “neutral” rating in a research report on Wednesday, February 11th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $36.80.

Helmerich & Payne Price Performance

Shares of NYSE HP opened at $36.42 on Friday. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of -11.42 and a beta of 0.54. 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 fifty-two week low of $14.65 and a fifty-two week high of $37.00. The firm’s 50-day simple moving average is $34.11 and its 200 day simple moving average is $28.72.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings data 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 for 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%.The business’s revenue for the quarter was up 50.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.71 earnings per share. As a group, research analysts anticipate that Helmerich & Payne will post 2.93 earnings per share for the current fiscal year.

Helmerich & Payne Announces Dividend

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

Institutional Investors Weigh In On Helmerich & Payne

Several large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its holdings in shares of Helmerich & Payne by 3.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,165,265 shares of the oil and gas company’s stock worth $148,141,000 after buying an additional 194,935 shares during the last quarter. State Street Corp increased its holdings in Helmerich & Payne by 0.8% during the fourth quarter. State Street Corp now owns 4,222,536 shares of the oil and gas company’s stock worth $121,102,000 after buying an additional 33,193 shares during the last quarter. American Century Companies Inc. raised its position in Helmerich & Payne by 7.7% in the third quarter. American Century Companies Inc. now owns 3,474,036 shares of the oil and gas company’s stock worth $76,741,000 after acquiring an additional 249,425 shares during the period. Invesco Ltd. raised its position in Helmerich & Payne by 15.5% in the fourth quarter. Invesco Ltd. now owns 3,468,526 shares of the oil and gas company’s stock worth $99,477,000 after acquiring an additional 465,440 shares during the period. Finally, Balyasny Asset Management L.P. boosted its stake in Helmerich & Payne by 4.3% in the third quarter. Balyasny Asset Management L.P. now owns 2,132,265 shares of the oil and gas company’s stock valued at $47,102,000 after acquiring an additional 87,882 shares during the last quarter. 96.05% of the stock is owned by hedge funds and other institutional investors.

Key Helmerich & Payne News

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

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.