Helmerich & Payne, Inc. (NYSE:HP) Given Average Rating of "Hold" by Brokerages

Key Points

• Analysts give Helmerich & Payne an average recommendation of "Hold" across 12 brokerages (2 sell, 5 hold, 5 buy) with a 12‑month consensus target of $37.80.
• The company missed the latest quarter (EPS -$0.15 vs. $0.12 expected) despite revenue rising 50.2% year‑over‑year, while forecasts are mixed — Zacks raised FY2028 EPS to $2.01 but cut near‑term Q1 2028 to ($0.01), indicating longer‑term optimism amid near‑term pressure.
• Institutional investors own about 96.05% of the stock, insiders 4.40% (SVP Cara M. Hair sold 58,771 shares at $36.62), and the company pays a quarterly dividend of $0.25 (annualized yield ~3.0%).

Shares of Helmerich & Payne, Inc. (NYSE:HP - Get Free Report) have received an average recommendation of "Hold" from the twelve brokerages that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $37.80.

Several equities analysts recently issued reports on HP shares. Weiss Ratings restated a "sell (d+)" rating on shares of Helmerich & Payne in a research report on Friday, March 27th. Royal Bank Of Canada boosted their price target on Helmerich & Payne from $34.00 to $36.00 and gave the company a "sector perform" rating in a research report on Friday, February 6th. Citigroup boosted their price target on Helmerich & Payne from $33.00 to $38.00 and gave the company a "neutral" rating in a research report on Wednesday, February 11th. Susquehanna boosted their target price on Helmerich & Payne from $40.00 to $42.00 and gave the stock a "positive" rating in a research report on Tuesday, April 7th. Finally, TD Cowen boosted their target price on Helmerich & Payne from $35.00 to $38.00 and gave the stock a "hold" rating in a research report on Monday, February 9th.

Helmerich & Payne News Summary

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

• Positive Sentiment: Zacks raised its FY2028 EPS view to $2.01 (from $1.51), signaling a stronger longer‑term earnings outlook that could support the stock if the company meets improving 2028 dynamics. MarketBeat HP
• Positive Sentiment: Q2 2028 EPS was nudged up to $0.27 from $0.24, indicating slightly better expected performance for that quarter. MarketBeat HP
• Positive Sentiment: Minor upward revisions for Q2 2027 and Q4 2026 (to $0.09 and $0.12, respectively) suggest pockets of expected improvement across upcoming quarters. MarketBeat HP
• Negative Sentiment: Zacks slashed Q1 2028 EPS from $0.17 to ($0.01), a meaningful near‑term cut that raises concerns about seasonality, pricing or cadence of contract work and likely pressures sentiment. MarketBeat HP
• Negative Sentiment: Other near‑term downgrades include Q1 2027 (to $0.18 from $0.20), Q2 2026 (to ($0.08) from ($0.06)), and a small trim to FY2027 (to $0.55), which together signal uneven near‑term demand/profitability expectations. MarketBeat HP

Insider Transactions at Helmerich & Payne

In other Helmerich & Payne news, SVP Cara M. Hair sold 58,771 shares of the business's stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $36.62, for a total transaction of $2,152,194.02. Following the transaction, the senior vice president owned 175,589 shares in the company, valued at approximately $6,430,069.18. The trade was a 25.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 4.40% of the company's stock.

Hedge Funds Weigh In On Helmerich & Payne

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its position in Helmerich & Payne by 3.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,165,265 shares of the oil and gas company's stock worth $148,141,000 after purchasing an additional 194,935 shares during the period. State Street Corp increased its position in Helmerich & Payne by 0.8% during the 4th quarter. State Street Corp now owns 4,222,536 shares of the oil and gas company's stock worth $121,102,000 after purchasing an additional 33,193 shares during the period. American Century Companies Inc. increased its position in Helmerich & Payne by 7.7% during the 3rd quarter. American Century Companies Inc. now owns 3,474,036 shares of the oil and gas company's stock worth $76,741,000 after purchasing an additional 249,425 shares during the period. Invesco Ltd. increased its position in Helmerich & Payne by 15.5% during the 4th quarter. Invesco Ltd. now owns 3,468,526 shares of the oil and gas company's stock worth $99,477,000 after purchasing an additional 465,440 shares during the period. Finally, Balyasny Asset Management L.P. increased its position in Helmerich & Payne by 4.3% during the 3rd quarter. Balyasny Asset Management L.P. now owns 2,132,265 shares of the oil and gas company's stock worth $47,102,000 after purchasing an additional 87,882 shares during the period. Institutional investors and hedge funds own 96.05% of the company's stock.

Helmerich & Payne Stock Performance

Shares of HP stock opened at $33.61 on Friday. The stock has a market capitalization of $3.36 billion, a PE ratio of -10.54 and a beta of 0.55. Helmerich & Payne has a 52-week low of $14.65 and a 52-week high of $37.87. The stock's 50-day moving average price is $34.99 and its 200 day moving average price is $30.59. The company has a quick ratio of 1.58, a current ratio of 2.03 and a debt-to-equity ratio of 0.75.

Helmerich & Payne (NYSE:HP - Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.27). The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $990.16 million. Helmerich & Payne had a negative net margin of 7.71% and a positive return on equity of 0.28%. The business's revenue was up 50.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 EPS. As a group, equities research analysts forecast that Helmerich & Payne will post 2.93 EPS for the current year.

Helmerich & Payne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, May 18th. This represents a $1.00 annualized dividend and a yield of 3.0%. Helmerich & Payne's payout ratio is presently -31.35%.

About Helmerich & Payne

Helmerich & Payne, Inc is a leading provider of contract drilling services to the oil and gas industry, specializing primarily in onshore drilling operations. The company designs, engineers and operates a fleet of advanced drilling rigs, including its proprietary FlexRigs, which are engineered for high efficiency, safety and rapid mobilization. Alongside core drilling services, Helmerich & Payne offers well intervention, workover and coiled tubing services, positioning itself as a comprehensive drilling solutions partner for exploration and production companies worldwide.

Founded in 1920 and headquartered in Tulsa, Oklahoma, Helmerich & Payne has grown through innovation and strategic expansion to serve diverse hydrocarbon basins.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.