Helmerich & Payne (NYSE:HP) Stock Price Up 12.4% – Here’s What Happened

Posted by Brenda Bartman on Aug 8th, 2026

Helmerich & Payne, Inc. (NYSE:HP – Get Free Report) shares shot up 12.4% on Thursday . The stock traded as high as $37.58 and last traded at $37.4020. Approximately 425,789 shares changed hands during trading, a decline of 69% from the average session volume of 1,383,403 shares. The stock had previously closed at $33.28.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Morgan Stanley reissued an “underweight” rating and issued a $36.00 price objective on shares of Helmerich & Payne in a research note on Wednesday, July 15th. Citigroup cut their target price on Helmerich & Payne from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, June 29th. Piper Sandler raised their target price on Helmerich & Payne from $41.00 to $43.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Royal Bank Of Canada lifted their price target on Helmerich & Payne from $38.00 to $40.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Helmerich & Payne in a report on Wednesday, June 24th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $40.20.

Get Our Latest Analysis on Helmerich & Payne

Helmerich & Payne Stock Performance

The company has a 50-day moving average of $34.96 and a 200-day moving average of $35.61. The firm has a market capitalization of $3.71 billion, a P/E ratio of -26.30 and a beta of 0.61. The company has a current ratio of 1.96, a quick ratio of 1.32 and a debt-to-equity ratio of 0.69.

Helmerich & Payne (NYSE:HP – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.20). Helmerich & Payne had a negative net margin of 3.43% and a negative return on equity of 2.35%. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $987.70 million. During the same period in the previous year, the company posted $0.22 EPS. The company’s quarterly revenue was down .6% on a year-over-year basis. On average, equities analysts anticipate that Helmerich & Payne, Inc. will post -0.11 earnings per share for the current fiscal year.

Helmerich & Payne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, August 18th. Helmerich & Payne’s dividend payout ratio is currently -70.92%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its stake in shares of Helmerich & Payne by 2,433.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,647 shares of the oil and gas company’s stock valued at $25,000 after purchasing an additional 1,582 shares during the last quarter. Leonteq Securities AG bought a new position in Helmerich & Payne during the fourth quarter worth $26,000. Parallel Advisors LLC raised its stake in Helmerich & Payne by 407.1% during the third quarter. Parallel Advisors LLC now owns 2,226 shares of the oil and gas company’s stock worth $49,000 after buying an additional 1,787 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in Helmerich & Payne by 24.3% in the fourth quarter. Hantz Financial Services Inc. now owns 2,276 shares of the oil and gas company’s stock valued at $65,000 after buying an additional 445 shares during the period. Finally, Strs Ohio acquired a new position in shares of Helmerich & Payne in the 1st quarter valued at about $101,000. Institutional investors own 96.05% of the company’s stock.

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.