FY2026 Earnings Forecast for HP Issued By Atb Cap Markets

Helmerich & Payne, Inc. (NYSE:HP - Free Report) - Investment analysts at Atb Cap Markets lowered their FY2026 EPS estimates for Helmerich & Payne in a research note issued on Wednesday, June 11th. Atb Cap Markets analyst W. Syed now expects that the oil and gas company will post earnings of $0.65 per share for the year, down from their previous forecast 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.

Other analysts have also recently issued reports about the stock. JPMorgan Chase & Co. lowered their price target on shares of Helmerich & Payne from $25.00 to $17.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. TD Cowen reduced their price target on Helmerich & Payne from $28.00 to $26.00 and set a "hold" rating for the company in a report on Friday, May 9th. Citigroup reiterated a "neutral" rating and set a $19.00 price target (down from $25.00) on shares of Helmerich & Payne in a research report on Monday, May 19th. Susquehanna lowered their price target on shares of Helmerich & Payne from $43.00 to $28.00 and set a "positive" rating on the stock in a research report on Monday, April 14th. Finally, Morgan Stanley decreased their target price 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. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Helmerich & Payne currently has a consensus rating of "Hold" and an average target price of $27.73.

Helmerich & Payne Trading Down 3.9%

Shares of HP traded down $0.70 during trading hours on Monday, reaching $17.39. 1,678,784 shares of the company traded hands, compared to its average volume of 1,710,348. The company has a current ratio of 1.68, a quick ratio of 1.32 and a debt-to-equity ratio of 0.73. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 7.94 and a beta of 0.83. The stock's fifty day moving average price is $18.11 and its 200 day moving average price is $25.46. Helmerich & Payne has a 12-month low of $14.65 and a 12-month high of $42.60.

Helmerich & Payne (NYSE:HP - Get Free Report) last announced its earnings results on Wednesday, May 7th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.63). Helmerich & Payne had a net margin of 7.15% and a return on equity of 8.25%. The business had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $961.03 million. During the same quarter in the prior year, the company posted $0.84 earnings per share. The firm's quarterly revenue was up 47.7% compared to the same quarter last year.

Helmerich & Payne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.75%. The ex-dividend date of this dividend is Friday, August 15th. Helmerich & Payne's dividend payout ratio is presently 45.66%.

Institutional Investors Weigh In On Helmerich & Payne

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

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.