Capital One Financial Analysts Cut Earnings Estimates for HP

Key Points

• Capital One Financial has downgraded its Q3 2026 earnings per share estimate for Helmerich & Payne to $0.11, reduced from a previous estimate of $0.21.
• Helmerich & Payne reported a 49.2% increase in revenue year-over-year, reaching $1.04 billion, while earning $0.22 EPS for the last quarter, surpassing analyst expectations.
• The stock has received mixed ratings from analysts, with one "Buy," ten "Hold," and two "Sell" ratings, currently holding a consensus rating of "Reduce" and a target price of $22.20.

Helmerich & Payne, Inc. (NYSE:HP - Free Report) - Stock analysts at Capital One Financial cut their Q3 2026 EPS estimates for shares of Helmerich & Payne in a report released on Monday, September 15th. Capital One Financial analyst D. Becker now anticipates that the oil and gas company will post earnings of $0.11 per share for the quarter, down from their previous estimate of $0.21. The consensus estimate for Helmerich & Payne's current full-year earnings is $2.93 per share. Capital One Financial also issued estimates for Helmerich & Payne's Q4 2026 earnings at $0.16 EPS, FY2026 earnings at $0.49 EPS, Q2 2027 earnings at $0.19 EPS and FY2027 earnings at $1.05 EPS.

A number of other equities research analysts also recently issued reports on HP. Zacks Research upgraded shares of Helmerich & Payne to a "hold" rating in a research note on Monday, August 11th. The Goldman Sachs Group dropped their target price on shares of Helmerich & Payne from $25.00 to $17.00 and set a "sell" rating for the company in a report on Tuesday, June 24th. Barclays dropped their target price on shares of Helmerich & Payne from $20.00 to $17.00 and set an "equal weight" rating for the company in a report on Friday, June 20th. Royal Bank Of Canada raised their price objective on shares of Helmerich & Payne from $23.00 to $24.00 and gave the company a "sector perform" rating in a report on Friday, August 8th. Finally, TD Cowen boosted their price target on shares of Helmerich & Payne from $26.00 to $27.00 and gave the stock a "hold" rating in a research report on Tuesday, August 19th. One research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus target price of $22.20.

Helmerich & Payne Stock Performance

NYSE HP traded down $0.66 on Thursday, hitting $20.57. 2,990,041 shares of the stock were exchanged, compared to its average volume of 1,677,090. The company has a market capitalization of $2.05 billion, a PE ratio of -62.33 and a beta of 0.95. The business's fifty day moving average is $18.27 and its 200 day moving average is $19.11. Helmerich & Payne has a 52 week low of $14.65 and a 52 week high of $37.46. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.84 and a quick ratio of 1.43.

Helmerich & Payne (NYSE:HP - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The oil and gas company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.02. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1 billion. Helmerich & Payne had a negative net margin of 0.90% and a positive return on equity of 5.81%. Helmerich & Payne's revenue for the quarter was up 49.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.92 earnings per share.

Helmerich & Payne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Tuesday, November 18th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 4.9%. Helmerich & Payne's dividend payout ratio (DPR) is -303.03%.

Insider Activity

In related news, CAO Sara Marie Momper sold 6,700 shares of the firm's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $17.83, for a total transaction of $119,461.00. Following the sale, the chief accounting officer directly owned 21,908 shares of the company's stock, valued at $390,619.64. This trade represents a 23.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.51% of the stock is currently owned by insiders.

Institutional Trading of Helmerich & Payne

Several institutional investors have recently bought and sold shares of HP. Bank of America Corp DE lifted its position in Helmerich & Payne by 542.9% during the fourth quarter. Bank of America Corp DE now owns 523,047 shares of the oil and gas company's stock worth $16,748,000 after buying an additional 441,688 shares in the last quarter. Cetera Investment Advisers raised its stake in Helmerich & Payne by 32.5% during the 4th quarter. Cetera Investment Advisers now owns 19,114 shares of the oil and gas company's stock valued at $612,000 after acquiring an additional 4,692 shares during the last quarter. Janus Henderson Group PLC increased its position in Helmerich & Payne by 25.6% during the 4th quarter. Janus Henderson Group PLC now owns 93,720 shares of the oil and gas company's stock worth $3,001,000 after purchasing an additional 19,130 shares during the period. Quantinno Capital Management LP acquired a new stake in Helmerich & Payne during the 4th quarter valued at $210,000. Finally, ProShare Advisors LLC raised its position in shares of Helmerich & Payne by 44.4% in the 4th quarter. ProShare Advisors LLC now owns 29,174 shares of the oil and gas company's stock worth $934,000 after buying an additional 8,967 shares during the period. 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.