Systematic Financial Management LP Lowers Position in Helmerich & Payne, Inc. $HP

Systematic Financial Management LP cut its stake in Helmerich & Payne, Inc. (NYSE:HP) by 2.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 610,264 shares of the oil and gas company’s stock after selling 14,140 shares during the quarter. Systematic Financial Management LP’s holdings in Helmerich & Payne were worth $17,502,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of HP. Royal Bank of Canada increased its stake in shares of Helmerich & Payne by 4.4% during the first quarter. Royal Bank of Canada now owns 104,180 shares of the oil and gas company’s stock valued at $2,721,000 after purchasing an additional 4,394 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Helmerich & Payne by 6.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,630 shares of the oil and gas company’s stock valued at $1,531,000 after purchasing an additional 3,611 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Helmerich & Payne by 39,685.1% during the first quarter. NewEdge Advisors LLC now owns 34,613 shares of the oil and gas company’s stock valued at $904,000 after purchasing an additional 34,526 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Helmerich & Payne by 9.9% during the first quarter. Empowered Funds LLC now owns 9,459 shares of the oil and gas company’s stock valued at $247,000 after purchasing an additional 852 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake 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 purchasing an additional 54,758 shares in the last quarter. 96.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on HP. Barclays raised their target price on shares of Helmerich & Payne from $39.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Citigroup raised their target price on shares of Helmerich & Payne from $33.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, February 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Helmerich & Payne in a research note on Friday, March 27th. Piper Sandler raised their target price on shares of Helmerich & Payne from $41.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. Finally, Evercore raised shares of Helmerich & Payne from an “in-line” rating to an “outperform” rating and set a $43.00 target price for the company in a research note on Friday, March 20th. 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 stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $39.70.

Helmerich & Payne Price Performance

Shares of HP opened at $39.88 on Friday. The company has a market capitalization of $3.98 billion, a P/E ratio of -10.52 and a beta of 0.62. The company has a quick ratio of 1.32, a current ratio of 1.71 and a debt-to-equity ratio of 0.71. The firm has a 50 day moving average of $37.04 and a 200 day moving average of $33.05. Helmerich & Payne, Inc. has a twelve month low of $15.03 and a twelve month high of $41.82.

Helmerich & Payne (NYSE:HP) last announced its quarterly earnings results on Wednesday, May 6th. The oil and gas company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.32). The firm had revenue of $932.36 million for the quarter, compared to the consensus estimate of $945.60 million. Helmerich & Payne had a negative net margin of 9.38% and a negative return on equity of 1.16%. Helmerich & Payne’s revenue was down 8.2% on a year-over-year basis. During the same period last year, the business earned $0.01 EPS. As a group, equities research analysts anticipate that Helmerich & Payne, Inc. will post 0.02 earnings per share for the current fiscal year.

Helmerich & Payne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $1.00 annualized dividend and a dividend yield of 2.5%. Helmerich & Payne’s dividend payout ratio (DPR) is -26.39%.

Helmerich & Payne News Summary

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

• Positive Sentiment: Zacks Research sharply raised its FY2027 EPS estimate to $1.00 from $0.57, suggesting a stronger earnings rebound ahead.
• Positive Sentiment: The firm lifted its Q1 2028 EPS forecast to $0.86 from $0.20, pointing to better longer-term profitability expectations.
• Positive Sentiment: FY2028 EPS estimates were increased to $1.91 from $1.80, and Q3 2027/Q4 2027 estimates were also nudged higher, reinforcing a more optimistic outlook for Helmerich & Payne. Helmerich & Payne stock page
• Neutral Sentiment: Near-term estimates were mixed: FY2026 was cut to a loss, and Q2 2028 was reduced, showing the recovery may not be smooth.
• Neutral Sentiment: Current-year consensus remains very modest at $0.06 per share, so investors are still looking for proof that operational improvement is actually taking hold.

Insider Buying and Selling at Helmerich & Payne

In related news, SVP Cara M. Hair sold 58,771 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $36.62, for a total transaction of $2,152,194.02. Following the completion of the sale, the senior vice president owned 175,589 shares of the company’s stock, valued at $6,430,069.18. This trade represents a 25.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.40% of the stock is owned by company insiders.

Helmerich & Payne 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.