HP Stock Gets Increased EPS Forecast from Zacks Research

Helmerich & Payne, Inc. (NYSE:HP) – Research analysts at Zacks Research increased their Q4 2026 EPS estimates for Helmerich & Payne in a report released on Friday, October 9th. Zacks Research analyst Team now expects that the oil and gas company will post earnings of $0.21 per share for the quarter, up from their previous estimate of $0.18. The consensus estimate for Helmerich & Payne’s current full-year earnings is ($0.16) per share. Zacks Research also issued estimates for Helmerich & Payne’s Q2 2027 earnings at $0.21 EPS, Q4 2027 earnings at $0.47 EPS, FY2027 earnings at $1.32 EPS, Q3 2028 earnings at $1.17 EPS, Q4 2028 earnings at $0.31 EPS and FY2028 earnings at $2.51 EPS.

Several other equities analysts also recently commented on HP. Wall Street Zen upgraded Helmerich & Payne from a “sell” rating to a “hold” rating in a research note on Saturday. Citigroup increased their price objective on Helmerich & Payne from $36.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, September 4th. Morgan Stanley raised their target price on Helmerich & Payne from $36.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday, August 20th. Susquehanna raised their target price on Helmerich & Payne from $44.00 to $50.00 and gave the stock a “positive” rating in a research report on Monday, October 5th. Finally, Bank of America restated a “buy” rating on shares of Helmerich & Payne in a research note on Monday. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $44.36.

Helmerich & Payne Trading Up 1.0%

Shares of HP stock opened at $39.12 on Monday. The company has a 50 day moving average of $41.49 and a 200-day moving average of $38.04. The company has a quick ratio of 1.55, a current ratio of 1.96 and a debt-to-equity ratio of 0.69. Helmerich & Payne has a 12-month low of $22.19 and a 12-month high of $48.17. The firm has a market cap of $3.91 billion, a P/E ratio of -27.75, a PEG ratio of 1.08 and a beta of 0.69.

Helmerich & Payne (NYSE:HP) last released its earnings results on Wednesday, August 5th. The oil and gas company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $987.70 million. During the same quarter in the previous year, the firm earned $0.22 earnings per share. The firm’s revenue was down .6% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of HP. BlackRock Inc. purchased a new stake in Helmerich & Payne during the 2nd quarter worth about $513,336,000. Bank of America Corp DE purchased a new position in Helmerich & Payne during the 2nd quarter valued at about $43,370,000. Encompass Capital Advisors LLC grew its holdings in Helmerich & Payne by 165.1% during the 4th quarter. Encompass Capital Advisors LLC now owns 2,081,644 shares of the oil and gas company’s stock valued at $59,702,000 after buying an additional 1,296,537 shares in the last quarter. Alyeska Investment Group L.P. grew its holdings in Helmerich & Payne by 217.4% during the 2nd quarter. Alyeska Investment Group L.P. now owns 1,526,707 shares of the oil and gas company’s stock valued at $49,984,000 after buying an additional 1,045,727 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Helmerich & Payne during the second quarter valued at about $30,606,000. 96.05% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Cara Hair sold 11,149 shares of Helmerich & Payne stock in a transaction dated Monday, August 17th. The shares were 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hans Helmerich sold 94,470 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $43.90, for a total transaction of $4,147,233.00. Following the completion of the sale, the director directly owned 20,000 shares in the company, valued at approximately $878,000. This trade represents a 82.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 110,673 shares of company stock worth $4,864,590 over the last quarter. 4.40% of the stock is currently owned by company insiders.

Helmerich & Payne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Wednesday, November 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 2.6%. The ex-dividend date is Wednesday, November 18th. Helmerich & Payne’s dividend payout ratio (DPR) is currently -70.92%.

More Helmerich & Payne News

Here are the key news stories impacting Helmerich & Payne this week:

• Positive Sentiment: Barclays raised its price target to $51 from $50 and maintained an “overweight” rating, implying substantial potential upside from the recent trading level. Analysts Have Conflicting Sentiments on These Energy Companies
• Positive Sentiment: UBS initiated or reiterated a “Buy” recommendation for HP, adding to the bullish analyst support surrounding the oilfield-services company. Helmerich & Payne Receives a Buy from UBS
• Positive Sentiment: Zacks Research raised several forward EPS estimates, including FY2026 earnings to a loss of $0.43 per share from a loss of $0.46, Q3 2027 EPS to $0.38 from $0.37, and Q1 2028 EPS to a loss of $0.34 from a loss of $0.38. These revisions suggest some improvement in the analysts’ outlook.
• Neutral Sentiment: A Zacks analysis is examining whether investors are undervaluing Helmerich & Payne based on value, growth and momentum factors. However, the provided report does not state a definitive valuation conclusion or rating. Are Investors Undervaluing Helmerich & Payne?
• Negative Sentiment: Zacks Research cut its Q2 2028 EPS forecast to $1.37 from $1.43. In addition, consensus still projects a full-year loss, indicating that profitability concerns remain despite the more favorable target prices and selected estimate increases.

About Helmerich & Payne

Helmerich & Payne, Inc is a contract drilling company that provides land and offshore drilling services to oil and natural gas exploration and production companies. Founded in 1920 and headquartered in Tulsa, Oklahoma, the company operates and manages drilling rigs used to develop unconventional and conventional energy resources.

Its services include drilling-rig contracting, rig management, operational support, and technology solutions designed to improve drilling efficiency, safety, and well performance.