Zacks Research Analysts Reduce Earnings Estimates for HP

Helmerich & Payne, Inc. (NYSE:HP) – Equities research analysts at Zacks Research reduced their Q2 2026 earnings per share estimates for shares of Helmerich & Payne in a report issued on Wednesday, February 19th. Zacks Research analyst N. Choudhury now forecasts that the oil and gas company will post earnings of $0.66 per share for the quarter, down from their previous estimate of $0.88. 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 Q4 2026 earnings at $0.72 EPS, FY2026 earnings at $2.80 EPS, Q1 2027 earnings at $0.96 EPS and FY2027 earnings at $3.59 EPS.

Several other analysts also recently issued reports on the company. Citigroup raised Helmerich & Payne from a “neutral” rating to a “buy” rating and lifted their price target for the company from $33.00 to $40.00 in a research note on Friday, January 10th. Evercore ISI reissued an “in-line” rating and issued a $39.00 target price (down previously from $48.00) on shares of Helmerich & Payne in a research report on Wednesday, January 15th. Barclays reduced their price target on Helmerich & Payne from $36.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 19th. Argus upgraded shares of Helmerich & Payne to a “hold” rating in a report on Tuesday, February 11th. Finally, Royal Bank of Canada reduced their target price on shares of Helmerich & Payne from $41.00 to $35.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Helmerich & Payne currently has a consensus rating of “Hold” and a consensus price target of $37.25.

Helmerich & Payne Trading Down 2.8 %

HP opened at $26.88 on Monday. The stock has a market capitalization of $2.67 billion, a P/E ratio of 8.84, a P/E/G ratio of 3.52 and a beta of 1.37. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.60. Helmerich & Payne has a 12 month low of $25.69 and a 12 month high of $44.11. The firm’s fifty day simple moving average is $31.37 and its 200 day simple moving average is $32.80.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings results on Wednesday, February 5th. The oil and gas company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.02. Helmerich & Payne had a net margin of 11.02% and a return on equity of 11.31%.

Institutional Investors Weigh In On Helmerich & Payne

Institutional investors have recently made changes to their positions in the company. State Street Corp lifted its holdings in Helmerich & Payne by 0.8% during the 3rd quarter. State Street Corp now owns 4,182,972 shares of the oil and gas company’s stock worth $127,246,000 after purchasing an additional 34,395 shares during the last quarter. Earnest Partners LLC lifted its holdings in shares of Helmerich & Payne by 1.0% during the fourth quarter. Earnest Partners LLC now owns 3,487,019 shares of the oil and gas company’s stock worth $111,654,000 after buying an additional 35,013 shares in the last quarter. ARGA Investment Management LP boosted its position in shares of Helmerich & Payne by 42.5% in the fourth quarter. ARGA Investment Management LP now owns 2,686,215 shares of the oil and gas company’s stock valued at $86,013,000 after acquiring an additional 801,000 shares during the period. American Century Companies Inc. grew its stake in shares of Helmerich & Payne by 14.0% in the fourth quarter. American Century Companies Inc. now owns 2,658,356 shares of the oil and gas company’s stock valued at $85,121,000 after acquiring an additional 327,374 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Helmerich & Payne by 1.0% during the third quarter. Geode Capital Management LLC now owns 2,247,214 shares of the oil and gas company’s stock worth $68,373,000 after acquiring an additional 22,875 shares during the period. Institutional investors own 96.05% of the company’s stock.

Insider Activity

In other Helmerich & Payne news, CEO John W. Lindsay purchased 20,000 shares of the business’s stock in a transaction on Monday, February 10th. The stock was acquired at an average price of $27.55 per share, with a total value of $551,000.00. Following the acquisition, the chief executive officer now directly owns 691,214 shares of the company’s stock, valued at $19,042,945.70. This trade represents a 2.98 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Belgacem Chariag acquired 37,356 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was bought at an average cost of $27.08 per share, for a total transaction of $1,011,600.48. Following the completion of the transaction, the director now directly owns 54,606 shares of the company’s stock, valued at approximately $1,478,730.48. This trade represents a 216.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 4.51% of the company’s stock.

Helmerich & Payne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend is Friday, February 14th. Helmerich & Payne’s dividend payout ratio is currently 32.89%.

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.