Zacks Research Issues Optimistic Outlook for HP Earnings

Helmerich & Payne, Inc. (NYSE:HP) – Research analysts at Zacks Research increased their Q4 2026 earnings per share (EPS) estimates for Helmerich & Payne in a research report issued on Tuesday, July 21st. Zacks Research analyst Team now expects that the oil and gas company will post earnings per share of $0.17 for the quarter, up from their prior forecast of $0.15. The consensus estimate for Helmerich & Payne’s current full-year earnings is ($0.11) per share. Zacks Research also issued estimates for Helmerich & Payne’s Q1 2027 earnings at $0.16 EPS, Q2 2027 earnings at $0.15 EPS, Q3 2027 earnings at $0.47 EPS, Q4 2027 earnings at $0.43 EPS, FY2027 earnings at $1.22 EPS, Q1 2028 earnings at $0.92 EPS, Q3 2028 earnings at $0.32 EPS and FY2028 earnings at $2.15 EPS.

Helmerich & Payne (NYSE:HP) last issued its earnings results on Wednesday, May 6th. The oil and gas company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.32). The company had revenue of $932.36 million for the quarter, compared to analysts’ expectations of $945.60 million. Helmerich & Payne had a negative net margin of 9.38% and a negative return on equity of 1.16%. The firm’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.01 earnings per share.

Other equities research analysts have also recently issued reports about the stock. Barclays boosted their price objective on shares of Helmerich & Payne from $39.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. The Goldman Sachs Group raised their target price on shares of Helmerich & Payne from $35.00 to $41.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. Royal Bank Of Canada lifted their price target on shares of Helmerich & Payne from $38.00 to $40.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Citigroup lowered their price target on Helmerich & Payne from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, June 29th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Helmerich & Payne in a research note on Wednesday, June 24th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $39.80.

Helmerich & Payne Trading Down 0.6%

NYSE HP opened at $35.04 on Wednesday. The stock has a market cap of $3.50 billion, a PE ratio of -9.24 and a beta of 0.60. Helmerich & Payne has a 12 month low of $15.17 and a 12 month high of $41.82. The company’s 50-day moving average price is $36.10 and its 200-day moving average price is $35.40. The company has a current ratio of 1.71, a quick ratio of 1.32 and a debt-to-equity ratio of 0.71.

Helmerich & Payne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.00 dividend on an annualized basis and a yield of 2.9%. Helmerich & Payne’s dividend payout ratio (DPR) is -26.39%.

Institutional Investors Weigh In On Helmerich & Payne

Several large investors have recently modified their holdings of HP. Grant Private Wealth Management Inc lifted its position in shares of Helmerich & Payne by 39.6% in the 2nd quarter. Grant Private Wealth Management Inc now owns 9,925 shares of the oil and gas company’s stock worth $325,000 after purchasing an additional 2,815 shares during the period. Integrated Investment Consultants LLC bought a new position in shares of Helmerich & Payne during the first quarter valued at approximately $225,000. Cozad Asset Management Inc. increased its holdings in Helmerich & Payne by 19.8% during the first quarter. Cozad Asset Management Inc. now owns 59,435 shares of the oil and gas company’s stock valued at $2,141,000 after buying an additional 9,839 shares during the period. Bank of America Corp DE increased its holdings in Helmerich & Payne by 109.2% during the first quarter. Bank of America Corp DE now owns 1,676,169 shares of the oil and gas company’s stock valued at $60,392,000 after buying an additional 874,823 shares during the period. Finally, Kentucky Retirement Systems purchased a new position in Helmerich & Payne during the first quarter valued at approximately $319,000. Institutional investors own 96.05% of the company’s stock.

More Helmerich & Payne News

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

• Positive Sentiment: Zacks Research boosted longer-term earnings forecasts for Helmerich & Payne, including FY2027 EPS to $1.22 from $1.10 and FY2028 EPS to $2.15 from $1.98, signaling improving profitability expectations.
• Positive Sentiment: Analysts also raised several quarterly estimates, including Q4 2026, Q1 2027, Q2 2027, Q3 2027, and Q4 2027, which points to a more constructive outlook for operations over the next few years.
• Neutral Sentiment: Despite the upgraded forecasts, current full-year estimates remain negative at about ($0.11) per share, indicating Helmerich & Payne is still expected to be unprofitable in the near term.
• Negative Sentiment: Recent estimate changes were mixed, with Zacks also trimming its Q3 2026 EPS view to $0.09 from $0.12, which tempers the near-term optimism.

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.