Helmerich & Payne (NYSE:HP) Reaches New 52-Week High – Here’s What Happened

Posted by Brian Himes on Aug 19th, 2026

Shares of Helmerich & Payne, Inc. (NYSE:HP – Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $44.72 and last traded at $44.4140, with a volume of 130242 shares trading hands. The stock had previously closed at $44.20.

Analysts Set New Price Targets

Several brokerages have issued reports on HP. Piper Sandler increased their target price on shares of Helmerich & Payne from $41.00 to $43.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Wall Street Zen raised shares of Helmerich & Payne from a “sell” rating to a “hold” rating in a research report on Saturday. Morgan Stanley reiterated an “underweight” rating and set a $36.00 price objective on shares of Helmerich & Payne in a research note on Wednesday, July 15th. Royal Bank Of Canada lifted their price objective on shares of Helmerich & Payne from $38.00 to $40.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. Finally, Weiss Ratings raised Helmerich & Payne from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 12th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $40.50.

View Our Latest Report on HP

Helmerich & Payne Stock Down 1.1%

The company’s 50 day moving average price is $35.60 and its 200 day moving average price is $36.16. The company has a quick ratio of 1.55, a current ratio of 1.96 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $4.42 billion, a price-to-earnings ratio of -31.36 and a beta of 0.61.

Helmerich & Payne (NYSE:HP – Get Free Report) last released its earnings results on Wednesday, August 5th. The oil and gas company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.20). The firm had revenue of $1.03 billion during 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%. Helmerich & Payne’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company earned $0.22 earnings per share. As a group, research analysts forecast that Helmerich & Payne, Inc. will post -0.12 earnings per share for the current fiscal year.

Helmerich & Payne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.3%. Helmerich & Payne’s dividend payout ratio is currently -70.92%.

Insider Activity

In other news, SVP Cara M. Hair sold 11,149 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $44.27, for a total value of $493,566.23. Following the completion of the transaction, the senior vice president directly owned 136,095 shares in the company, valued at $6,024,925.65. This trade represents a 7.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Sara Marie Momper sold 5,054 shares of Helmerich & Payne stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $44.28, for a total value of $223,791.12. Following the sale, the chief accounting officer directly owned 16,958 shares of the company’s stock, valued at $750,900.24. This trade represents a 22.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 4.40% of the company’s stock.

Institutional Trading of Helmerich & Payne

Institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its stake in shares of Helmerich & Payne by 2,433.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,647 shares of the oil and gas company’s stock worth $25,000 after acquiring an additional 1,582 shares during the period. Leonteq Securities AG acquired a new position in Helmerich & Payne during the fourth quarter valued at $26,000. Parallel Advisors LLC boosted its holdings in Helmerich & Payne by 407.1% in the third quarter. Parallel Advisors LLC now owns 2,226 shares of the oil and gas company’s stock valued at $49,000 after purchasing an additional 1,787 shares during the last quarter. Hantz Financial Services Inc. boosted 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 purchasing an additional 445 shares during the last quarter. Finally, Strs Ohio acquired a new stake in Helmerich & Payne during the 1st quarter worth about $101,000. 96.05% of the stock is currently owned by institutional investors and hedge funds.

About Helmerich & Payne

(Get Free Report)

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.