Atb Cap Markets Analysts Increase Earnings Estimates for HP

Helmerich & Payne, Inc. (NYSE:HP - Free Report) - Analysts at Atb Cap Markets boosted their Q3 2026 earnings per share (EPS) estimates for shares of Helmerich & Payne in a research report issued to clients and investors on Tuesday, July 1st. Atb Cap Markets analyst W. Syed now anticipates that the oil and gas company will earn $0.17 per share for the quarter, up from their prior forecast of $0.16. 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 Q4 2026 earnings at $0.20 EPS.

Other equities research analysts have also recently issued research reports about the company. Wall Street Zen cut Helmerich & Payne from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. The Goldman Sachs Group lowered their price objective on Helmerich & Payne from $25.00 to $17.00 and set a "sell" rating on the stock in a research report on Tuesday, June 24th. Barclays lowered their price objective on Helmerich & Payne from $20.00 to $17.00 and set an "equal weight" rating on the stock in a research report on Friday, June 20th. Susquehanna lowered their price objective on Helmerich & Payne from $24.00 to $23.00 and set a "positive" rating on the stock in a research report on Tuesday, July 1st. Finally, TD Cowen lowered their price objective on Helmerich & Payne from $28.00 to $26.00 and set a "hold" rating on the stock in a research report on Friday, May 9th. Three equities research 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.com, the company presently has a consensus rating of "Hold" and a consensus price target of $26.09.

Helmerich & Payne Stock Performance

HP traded down $0.31 during trading hours on Friday, reaching $16.11. The company's stock had a trading volume of 2,163,569 shares, compared to its average volume of 1,754,312. Helmerich & Payne has a 52 week low of $14.65 and a 52 week high of $42.60. The company's 50-day moving average is $17.17 and its 200-day moving average is $23.79. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.32 and a current ratio of 1.68. The firm has a market cap of $1.60 billion, a PE ratio of 7.36 and a beta of 0.82.

Helmerich & Payne (NYSE:HP - Get Free Report) last posted 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). 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 during the quarter, compared to the consensus estimate of $961.03 million. During the same quarter last year, the company posted $0.84 EPS. The firm's revenue was up 47.7% on a year-over-year basis.

Helmerich & Payne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 6.21%. The ex-dividend date is Friday, August 15th. Helmerich & Payne's dividend payout ratio (DPR) is presently 45.66%.

Institutional Trading of Helmerich & Payne

Several large investors have recently bought and sold shares of HP. Versant Capital Management Inc boosted its stake in Helmerich & Payne by 104.2% in the first quarter. Versant Capital Management Inc now owns 1,699 shares of the oil and gas company's stock valued at $44,000 after buying an additional 867 shares in the last quarter. Covestor Ltd boosted its stake in shares of Helmerich & Payne by 61.3% during the fourth quarter. Covestor Ltd now owns 2,386 shares of the oil and gas company's stock valued at $76,000 after purchasing an additional 907 shares in the last quarter. Quarry LP acquired a new stake in shares of Helmerich & Payne during the first quarter valued at about $81,000. GAMMA Investing LLC boosted its stake in shares of Helmerich & Payne by 85.4% during the first quarter. GAMMA Investing LLC now owns 3,167 shares of the oil and gas company's stock valued at $83,000 after purchasing an additional 1,459 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Helmerich & Payne by 82.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,805 shares of the oil and gas company's stock valued at $88,000 after purchasing an additional 1,268 shares in the last quarter. 96.05% of the stock is owned by institutional investors and hedge funds.

Helmerich & Payne Company Profile

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.