Zacks Research Expects Lower Earnings for Helmerich & Payne

Helmerich & Payne, Inc. (NYSE:HP) – Equities researchers at Zacks Research reduced their Q3 2026 earnings estimates for shares of Helmerich & Payne in a research report issued on Thursday, September 11th. Zacks Research analyst Team now expects that the oil and gas company will post earnings per share of $0.19 for the quarter, down from their previous estimate of $0.20. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Helmerich & Payne’s current full-year earnings is $2.93 per share. Zacks Research also issued estimates for Helmerich & Payne’s FY2026 earnings at $0.69 EPS, Q2 2027 earnings at $0.25 EPS and Q3 2027 earnings at $0.21 EPS.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings results on Wednesday, August 6th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1 billion. Helmerich & Payne had a negative net margin of 0.90% and a positive return on equity of 5.81%. Helmerich & Payne’s revenue was up 49.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 earnings per share.

Several other brokerages have also recently weighed in on HP. Susquehanna reduced their price target on Helmerich & Payne from $24.00 to $23.00 and set a “positive” rating on the stock in a research note on Tuesday, July 1st. Citigroup restated a “neutral” rating and set a $17.00 target price (down previously from $19.00) on shares of Helmerich & Payne in a report on Thursday, June 26th. TD Cowen upped their target price on shares of Helmerich & Payne from $26.00 to $27.00 and gave the stock a “hold” rating in a research report on Tuesday, August 19th. JPMorgan Chase & Co. lowered their price target on shares of Helmerich & Payne from $25.00 to $17.00 and set a “neutral” rating for the company in a research report on Wednesday, May 28th. Finally, Piper Sandler boosted their price objective on shares of Helmerich & Payne from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, August 14th. One research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $22.20.

Helmerich & Payne Stock Up 4.4%

Shares of NYSE:HP opened at $21.82 on Monday. The firm has a market capitalization of $2.17 billion, a P/E ratio of -66.12 and a beta of 0.95. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.43 and a current ratio of 1.84. The stock has a 50 day moving average price of $18.04 and a 200-day moving average price of $19.20. Helmerich & Payne has a 52-week low of $14.65 and a 52-week high of $37.46.

Helmerich & Payne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Tuesday, November 18th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $1.00 annualized dividend and a dividend yield of 4.6%. Helmerich & Payne’s payout ratio is presently -303.03%.

Insider Buying and Selling

In other Helmerich & Payne news, CAO Sara Marie Momper sold 6,700 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $17.83, for a total value of $119,461.00. Following the transaction, the chief accounting officer owned 21,908 shares of the company’s stock, valued at approximately $390,619.64. This represents a 23.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.51% of the company’s stock.

Institutional Investors Weigh In On Helmerich & Payne

Large investors have recently made changes to their positions in the company. Orion Porfolio Solutions LLC increased its position in shares of Helmerich & Payne by 10.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 18,523 shares of the oil and gas company’s stock valued at $281,000 after purchasing an additional 1,792 shares during the last quarter. Caxton Associates LLP grew its position in Helmerich & Payne by 666.7% during the second quarter. Caxton Associates LLP now owns 195,313 shares of the oil and gas company’s stock valued at $2,961,000 after buying an additional 169,839 shares during the period. Rexford Capital Inc. bought a new stake in Helmerich & Payne during the second quarter valued at approximately $168,000. Public Sector Pension Investment Board increased its holdings in Helmerich & Payne by 7.4% during the second quarter. Public Sector Pension Investment Board now owns 338,405 shares of the oil and gas company’s stock valued at $5,130,000 after buying an additional 23,261 shares during the last quarter. Finally, FORA Capital LLC bought a new position in Helmerich & Payne in the second quarter worth approximately $500,000. 96.05% of the stock is currently owned by institutional investors.

About Helmerich & Payne

Founded in 1920, Helmerich & Payne, Inc (H&P) (NYSE: HP) is committed to delivering industry leading levels of drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for its customers and returns for shareholders.