Zacks Research Issues Optimistic Forecast for HP Earnings

Posted by George Bondi on Jun 23rd, 2026

Helmerich & Payne, Inc. (NYSE:HP – Free Report) – Stock analysts at Zacks Research increased their Q3 2026 earnings estimates for Helmerich & Payne in a research report issued on Friday, June 19th. Zacks Research analyst Team now forecasts that the oil and gas company will post earnings per share of $0.12 for the quarter, up from their previous forecast of $0.10. The consensus estimate for Helmerich & Payne’s current full-year earnings is ($0.02) per share. Zacks Research also issued estimates for Helmerich & Payne’s Q4 2026 earnings at $0.15 EPS, Q2 2027 earnings at $0.13 EPS, Q3 2027 earnings at $0.42 EPS, FY2027 earnings at $1.10 EPS and FY2028 earnings at $1.98 EPS.

Helmerich & Payne (NYSE:HP – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The oil and gas company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.32). The company had revenue of $932.36 million during the quarter, compared to analyst estimates of $945.60 million. Helmerich & Payne had a negative return on equity of 1.16% and a negative net margin of 9.38%.The business’s revenue was down 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.01 earnings per share.

HP has been the topic of a number of other reports. Susquehanna upped their price target on Helmerich & Payne from $42.00 to $43.00 and gave the stock a “positive” rating in a research note on Friday, May 8th. 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 report on Wednesday, June 3rd. Barclays increased their target price on Helmerich & Payne from $39.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Morgan Stanley raised their target price on Helmerich & Payne from $35.00 to $39.00 and gave the company an “underweight” rating in a report on Thursday, May 14th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Helmerich & Payne in a research note on Friday, March 27th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Helmerich & Payne presently has a consensus rating of “Hold” and an average price target of $40.60.

View Our Latest Analysis on Helmerich & Payne

Helmerich & Payne Stock Up 1.3%

Helmerich & Payne stock opened at $35.42 on Tuesday. The company has a market capitalization of $3.54 billion, a PE ratio of -9.35 and a beta of 0.59. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.32 and a current ratio of 1.71. Helmerich & Payne has a fifty-two week low of $15.08 and a fifty-two week high of $41.82. The firm has a 50 day moving average price of $38.01 and a 200 day moving average price of $34.69.

Hedge Funds Weigh In On Helmerich & Payne

Institutional investors and hedge funds have recently made changes to their positions in the stock. Aventail Capital Group LP purchased a new position in Helmerich & Payne during the fourth quarter worth $5,464,000. Fairfax Financial Holdings Ltd. Can lifted its position in shares of Helmerich & Payne by 20.5% in the third quarter. Fairfax Financial Holdings Ltd. Can now owns 1,174,105 shares of the oil and gas company’s stock valued at $25,948,000 after acquiring an additional 200,000 shares in the last quarter. UBS Group AG boosted its stake in shares of Helmerich & Payne by 17.5% during the fourth quarter. UBS Group AG now owns 1,215,192 shares of the oil and gas company’s stock valued at $34,852,000 after acquiring an additional 180,638 shares during the last quarter. Tcfg Wealth Management LLC boosted its stake in shares of Helmerich & Payne by 85.9% during the third quarter. Tcfg Wealth Management LLC now owns 93,948 shares of the oil and gas company’s stock valued at $2,075,000 after acquiring an additional 43,412 shares during the last quarter. Finally, Deprince Race & Zollo Inc. purchased a new stake in Helmerich & Payne during the 4th quarter worth about $23,120,000. 96.05% of the stock is owned by institutional investors and hedge funds.

Helmerich & Payne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Tuesday, August 18th. Helmerich & Payne’s dividend payout ratio (DPR) is presently -26.39%.

About Helmerich & Payne

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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.