Zacks Research Has Pessimistic Outlook of HP Q2 Earnings

Helmerich & Payne, Inc. (NYSE:HP) – Research analysts at Zacks Research lowered their Q2 2026 EPS estimates for Helmerich & Payne in a report released on Thursday, October 9th. Zacks Research analyst Team now expects that the oil and gas company will earn $0.13 per share for the quarter, down from their prior forecast of $0.14. Zacks Research 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 Q4 2026 earnings at $0.17 EPS, Q1 2027 earnings at $0.35 EPS, Q2 2027 earnings at $0.23 EPS, Q3 2027 earnings at $0.19 EPS, Q4 2027 earnings at $0.38 EPS and FY2027 earnings at $1.15 EPS.

Several other equities research analysts also recently weighed in on the stock. Susquehanna reduced their target price on shares of Helmerich & Payne from $24.00 to $23.00 and set a “positive” rating on the stock in a research note on Tuesday, July 1st. Weiss Ratings reissued a “sell (d+)” rating on shares of Helmerich & Payne in a research note on Wednesday, October 8th. Barclays set a $25.00 target price on shares of Helmerich & Payne and gave the company an “overweight” rating in a research note on Monday, September 22nd. Piper Sandler increased their target price on shares of Helmerich & Payne from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, August 14th. Finally, Royal Bank Of Canada increased their target price on shares of Helmerich & Payne from $23.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday, August 8th. Two research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $24.20.

Helmerich & Payne Trading Up 4.4%

Shares of HP opened at $22.82 on Monday. Helmerich & Payne has a twelve month low of $14.65 and a twelve month high of $37.46. The company has a market cap of $2.27 billion, a P/E ratio of -69.15 and a beta of 0.91. The company has a current ratio of 1.84, a quick ratio of 1.43 and a debt-to-equity ratio of 0.76. The company’s fifty day simple moving average is $20.32 and its 200-day simple moving average is $18.76.

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, beating analysts’ consensus estimates of $0.20 by $0.02. The company had revenue of $1.04 billion for 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 quarter in the prior year, the firm earned $0.92 earnings per share.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Balyasny Asset Management L.P. raised its stake in Helmerich & Payne by 174.1% in the second quarter. Balyasny Asset Management L.P. now owns 2,044,383 shares of the oil and gas company’s stock worth $30,993,000 after buying an additional 1,298,510 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Helmerich & Payne by 28.4% during the first quarter. Victory Capital Management Inc. now owns 3,553,181 shares of the oil and gas company’s stock worth $92,809,000 after buying an additional 786,250 shares during the period. Norges Bank bought a new stake in Helmerich & Payne during the 2nd quarter valued at $10,571,000. Invesco Ltd. increased its holdings in shares of Helmerich & Payne by 24.7% in the 1st quarter. Invesco Ltd. now owns 2,704,134 shares of the oil and gas company’s stock valued at $70,632,000 after acquiring an additional 535,808 shares during the period. Finally, Bridgeway Capital Management LLC bought a new position in shares of Helmerich & Payne in the 2nd quarter worth $7,841,000. 96.05% of the stock is currently owned by institutional investors.

Insider Activity at Helmerich & Payne

In other news, CAO Sara Marie Momper sold 6,700 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $17.83, for a total value of $119,461.00. Following the transaction, the chief accounting officer directly owned 21,908 shares in the company, valued at approximately $390,619.64. This represents a 23.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 4.51% of the company’s stock.

Helmerich & Payne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Tuesday, November 18th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, November 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.4%. Helmerich & Payne’s dividend payout ratio is presently -303.03%.

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.