Helmerich & Payne, Inc. (NYSE:HP – Free Report) – Research analysts at Zacks Research dropped their FY2026 earnings estimates for shares of Helmerich & Payne in a research note issued to investors on Thursday, August 27th. Zacks Research analyst Team now forecasts that the oil and gas company will earn ($0.46) per share for the year, down from their previous estimate of ($0.27). The consensus estimate for Helmerich & Payne’s current full-year earnings is ($0.18) per share. Zacks Research also issued estimates for Helmerich & Payne’s Q1 2027 earnings at $0.25 EPS, Q3 2027 earnings at $0.37 EPS, Q1 2028 earnings at ($0.39) EPS, Q2 2028 earnings at $1.42 EPS and Q3 2028 earnings at $1.13 EPS.
HP has been the subject of a number of other reports. Morgan Stanley boosted their target price on shares of Helmerich & Payne from $36.00 to $41.00 and gave the company an “underweight” rating in a research report on Thursday, August 20th. Barclays increased their price target on Helmerich & Payne from $47.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Citigroup reduced their price objective 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. Wall Street Zen upgraded Helmerich & Payne from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Finally, Royal Bank Of Canada raised their target price on Helmerich & Payne from $38.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Helmerich & Payne presently has a consensus rating of “Hold” and an average price target of $41.00.
Helmerich & Payne Stock Up 6.2%
NYSE:HP opened at $46.27 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.96 and a quick ratio of 1.55. The company’s fifty day moving average price is $36.88 and its 200-day moving average price is $36.75. Helmerich & Payne has a 1-year low of $19.50 and a 1-year high of $46.53. The firm has a market capitalization of $4.62 billion, a P/E ratio of -32.82 and a beta of 0.65.
Helmerich & Payne (NYSE:HP – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.20). The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $987.70 million. Helmerich & Payne had a negative net margin of 3.43% and a negative return on equity of 2.35%. The business’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.22 earnings per share.
Insider Buying and Selling at Helmerich & Payne
In other Helmerich & Payne news, Director Hans Helmerich sold 94,470 shares of Helmerich & Payne stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $43.90, for a total value of $4,147,233.00. Following the completion of the transaction, the director owned 20,000 shares of the company’s stock, valued at approximately $878,000. The trade was a 82.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Cara M. Hair sold 11,149 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $44.27, for a total transaction of $493,566.23. Following the completion of the transaction, the senior vice president owned 136,095 shares of the company’s stock, valued at approximately $6,024,925.65. This trade represents a 7.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 110,673 shares of company stock valued at $4,864,590. Corporate insiders own 4.40% of the company’s stock.
Hedge Funds Weigh In On Helmerich & Payne
A number of large investors have recently bought and sold shares of the business. Royal Bank of Canada increased its position in shares of Helmerich & Payne by 4.4% in the first quarter. Royal Bank of Canada now owns 104,180 shares of the oil and gas company’s stock valued at $2,721,000 after buying an additional 4,394 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Helmerich & Payne by 6.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,630 shares of the oil and gas company’s stock worth $1,531,000 after buying an additional 3,611 shares during the period. NewEdge Advisors LLC lifted its position in shares of Helmerich & Payne by 39,685.1% during the 1st quarter. NewEdge Advisors LLC now owns 34,613 shares of the oil and gas company’s stock valued at $904,000 after buying an additional 34,526 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Helmerich & Payne by 9.9% during the 1st quarter. Empowered Funds LLC now owns 9,459 shares of the oil and gas company’s stock valued at $247,000 after buying an additional 852 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Helmerich & Payne by 34.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 213,445 shares of the oil and gas company’s stock valued at $5,575,000 after buying an additional 54,758 shares in the last quarter. Institutional investors and hedge funds own 96.05% of the company’s stock.
About Helmerich & Payne
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.
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