Atb Cap Markets Issues Pessimistic Estimate for HP Earnings

Helmerich & Payne, Inc. (NYSE:HP - Free Report) - Atb Cap Markets reduced their FY2026 EPS estimates for Helmerich & Payne in a research report issued to clients and investors on Wednesday, June 11th. Atb Cap Markets analyst W. Syed now anticipates that the oil and gas company will earn $0.65 per share for the year, down from their previous estimate of $0.86. The consensus estimate for Helmerich & Payne's current full-year earnings is $2.93 per share. Atb Cap Markets also issued estimates for Helmerich & Payne's Q1 2027 earnings at $0.24 EPS, Q2 2027 earnings at $0.24 EPS and FY2027 earnings at $1.09 EPS.

Several other equities research analysts have also commented on the stock. Morgan Stanley decreased their price objective on shares of Helmerich & Payne from $27.00 to $20.00 and set an "underweight" rating on the stock in a research report on Friday, May 16th. The Goldman Sachs Group dropped their price objective on shares of Helmerich & Payne from $32.00 to $25.00 and set a "sell" rating for the company in a research note on Thursday, April 10th. TD Cowen reduced their target price on Helmerich & Payne from $28.00 to $26.00 and set a "hold" rating on the stock in a research note on Friday, May 9th. Wall Street Zen downgraded Helmerich & Payne from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. cut their target price on shares of Helmerich & Payne from $25.00 to $17.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Helmerich & Payne presently has an average rating of "Hold" and a consensus target price of $27.73.

Helmerich & Payne Price Performance

HP traded down $0.25 during trading on Monday, reaching $18.04. 2,786,231 shares of the stock were exchanged, compared to its average volume of 1,705,775. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.81 and a quick ratio of 2.52. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 5.93, a P/E/G ratio of 3.52 and a beta of 0.83. Helmerich & Payne has a 1 year low of $14.65 and a 1 year high of $42.60. The business's 50 day moving average price is $18.28 and its two-hundred day moving average price is $25.69.

Helmerich & Payne (NYSE:HP - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.65 by ($0.63). The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $961.03 million. Helmerich & Payne had a return on equity of 11.31% and a net margin of 11.02%. The business's revenue was up 47.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 EPS.

Institutional Trading of Helmerich & Payne

Several institutional investors have recently made changes to their positions in HP. Summit Investment Advisors Inc. boosted its holdings in Helmerich & Payne by 4.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 10,113 shares of the oil and gas company's stock valued at $324,000 after acquiring an additional 395 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Helmerich & Payne by 1.9% during the 4th quarter. LPL Financial LLC now owns 21,763 shares of the oil and gas company's stock valued at $697,000 after acquiring an additional 408 shares in the last quarter. Napatree Capital LLC boosted its position in shares of Helmerich & Payne by 2.5% in the fourth quarter. Napatree Capital LLC now owns 20,847 shares of the oil and gas company's stock worth $668,000 after buying an additional 511 shares during the period. Ellis Investment Partners LLC grew its position in Helmerich & Payne by 4.5% in the first quarter. Ellis Investment Partners LLC now owns 12,999 shares of the oil and gas company's stock valued at $340,000 after acquiring an additional 558 shares in the last quarter. Finally, Ridgewood Investments LLC grew its holdings in Helmerich & Payne by 4.4% during the 1st quarter. Ridgewood Investments LLC now owns 13,385 shares of the oil and gas company's stock valued at $350,000 after purchasing an additional 569 shares in the last quarter. 96.05% of the stock is owned by hedge funds and other institutional investors.

Helmerich & Payne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.54%. Helmerich & Payne's dividend payout ratio (DPR) is presently 45.66%.

About Helmerich & Payne

Founded in 1920, Helmerich & Payne, Inc (H&P) NYSE: HP is committed to delivering industry leading levels of drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for its customers and returns for shareholders.