Zacks Research Has Optimistic Outlook of HP Q2 Earnings

Helmerich & Payne, Inc. (NYSE:HP) – Investment analysts at Zacks Research lifted their Q2 2027 EPS estimates for Helmerich & Payne in a research report issued to clients and investors on Monday, September 14th. Zacks Research analyst Team now anticipates that the oil and gas company will post earnings per share of $0.19 for the quarter, up from their prior forecast of $0.18. The consensus estimate for Helmerich & Payne’s current full-year earnings is ($0.18) per share. Zacks Research also issued estimates for Helmerich & Payne’s Q4 2027 earnings at $0.45 EPS, FY2027 earnings at $1.27 EPS, Q2 2028 earnings at $1.43 EPS, Q3 2028 earnings at $1.14 EPS and FY2028 earnings at $2.46 EPS.

Helmerich & Payne (NYSE:HP) last announced its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.20). The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $987.70 million. Helmerich & Payne had a negative net margin of 3.43% and a negative return on equity of 2.35%. Helmerich & Payne’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the company posted $0.22 earnings per share.

Other analysts have also issued reports about the stock. Morgan Stanley upped their price target on shares of Helmerich & Payne from $36.00 to $41.00 and gave the company an “underweight” rating in a research report on Thursday, August 20th. Weiss Ratings lowered Helmerich & Payne from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, August 27th. Susquehanna increased their target price on Helmerich & Payne from $40.00 to $44.00 and gave the company a “positive” rating in a report on Friday, August 7th. Piper Sandler lifted their price target on Helmerich & Payne from $41.00 to $43.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Finally, The Goldman Sachs Group boosted their price objective on Helmerich & Payne from $35.00 to $41.00 and gave the company a “neutral” rating in a research report on Wednesday, June 3rd. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $43.10.

Helmerich & Payne Price Performance

Shares of NYSE:HP opened at $42.60 on Tuesday. The company has a quick ratio of 1.55, a current ratio of 1.96 and a debt-to-equity ratio of 0.69. The stock has a market cap of $4.26 billion, a PE ratio of -30.22 and a beta of 0.66. The company’s fifty day moving average is $39.08 and its 200 day moving average is $37.39. Helmerich & Payne has a 52 week low of $20.32 and a 52 week high of $48.17.

Insider Buying and Selling

In other news, CAO Sara Momper sold 5,054 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $44.28, for a total value of $223,791.12. Following the sale, the chief accounting officer directly owned 16,958 shares of the company’s stock, valued at approximately $750,900.24. This represents a 22.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Cara M. Hair sold 11,149 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $44.27, for a total transaction of $493,566.23. Following the sale, the senior vice president directly owned 136,095 shares in the company, valued at $6,024,925.65. This trade represents a 7.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 110,673 shares of company stock worth $4,864,590 in the last three months. 4.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Core Capital Management & Research inc. bought a new position in shares of Helmerich & Payne during the second quarter valued at $196,000. Engineers Gate Manager LP increased its holdings in Helmerich & Payne by 120.3% in the 2nd quarter. Engineers Gate Manager LP now owns 20,962 shares of the oil and gas company’s stock worth $686,000 after buying an additional 11,445 shares in the last quarter. Squarepoint Ops LLC raised its position in Helmerich & Payne by 10.6% in the 2nd quarter. Squarepoint Ops LLC now owns 137,145 shares of the oil and gas company’s stock worth $4,490,000 after buying an additional 13,160 shares during the last quarter. Nykredit A S purchased a new position in Helmerich & Payne in the 2nd quarter worth about $112,000. Finally, Corient Private Wealth LP lifted its stake in Helmerich & Payne by 24.9% during the 2nd quarter. Corient Private Wealth LP now owns 8,505 shares of the oil and gas company’s stock valued at $278,000 after acquiring an additional 1,698 shares during the period. Hedge funds and other institutional investors own 96.05% of the company’s stock.

Helmerich & Payne Company Profile

Helmerich & Payne, Inc is a contract drilling company that provides land and offshore drilling services to oil and gas exploration and production companies. The company operates drilling rigs and supplies related services used to drill, develop and maintain wells.

H&P’s offerings include its FlexRig fleet of high-performance land rigs, directional drilling, automated drilling technologies and rig management services. These capabilities are designed to support horizontal and other complex well programs, particularly in unconventional oil and natural gas basins.

Founded in 1920 by Walter Helmerich and William Payne, the company is headquartered in Tulsa, Oklahoma.