Q3 EPS Estimate for Helmerich & Payne Increased by Analyst

Key Points

• Zacks Research raised its Q3 2026 EPS estimate for Helmerich & Payne to $0.12 from $0.10, and also projected stronger earnings in later periods, including $1.10 EPS for FY2027 and $1.98 for FY2028.
• Analyst sentiment is mixed but leaning neutral: the stock has five Buy ratings, five Hold ratings, and two Sell ratings, with an average Wall Street price target of $40.60.
• Helmerich & Payne recently missed on results, posting a Q1 loss of $0.38 per share versus expectations for a smaller loss, while revenue also came in below estimates and fell 8.2% year over year.

Helmerich & Payne, Inc. (NYSE:HP - Free Report) - Equities researchers at Zacks Research increased their Q3 2026 earnings per share estimates for shares of Helmerich & Payne in a report released on Friday, June 19th. Zacks Research analyst Team now expects that the oil and gas company will earn $0.12 per share for the quarter, up from their previous forecast of $0.10. The consensus estimate for Helmerich & Payne's current full-year earnings is ($0.02) per share. Zacks Research also issued estimates for Helmerich & Payne's Q4 2026 earnings at $0.15 EPS, Q2 2027 earnings at $0.13 EPS, Q3 2027 earnings at $0.42 EPS, FY2027 earnings at $1.10 EPS and FY2028 earnings at $1.98 EPS.

Several other research firms also recently weighed in on HP. Evercore upgraded shares of Helmerich & Payne from an "in-line" rating to an "outperform" rating and set a $43.00 price target for the company in a research report on Friday, March 20th. Barclays raised their target price on Helmerich & Payne from $39.00 to $47.00 and gave the company an "overweight" rating in a research report on Friday, May 8th. The Goldman Sachs Group boosted their price target on Helmerich & Payne from $35.00 to $41.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 3rd. Susquehanna raised their price objective on Helmerich & Payne from $42.00 to $43.00 and gave the company a "positive" rating in a report on Friday, May 8th. Finally, Piper Sandler lifted their target price on shares of Helmerich & Payne from $41.00 to $43.00 and gave the stock an "overweight" rating in a research note on Monday, May 18th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $40.60.

Helmerich & Payne Stock Performance

HP opened at $35.42 on Tuesday. The firm's fifty day simple moving average is $38.01 and its two-hundred day simple moving average is $34.69. Helmerich & Payne has a 52-week low of $15.08 and a 52-week high of $41.82. The company has a market cap of $3.54 billion, a price-to-earnings ratio of -9.35 and a beta of 0.59. The company has a quick ratio of 1.32, a current ratio of 1.71 and a debt-to-equity ratio of 0.71.

Helmerich & Payne (NYSE:HP - Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The oil and gas company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.32). The company had revenue of $932.36 million during the quarter, compared to analyst estimates of $945.60 million. Helmerich & Payne had a negative net margin of 9.38% and a negative return on equity of 1.16%. Helmerich & Payne's revenue was down 8.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.01 EPS.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of HP. Dimensional Fund Advisors LP increased its position in Helmerich & Payne by 11.0% during the first quarter. Dimensional Fund Advisors LP now owns 5,735,765 shares of the oil and gas company's stock worth $206,660,000 after purchasing an additional 570,500 shares during the last quarter. State Street Corp increased its holdings in shares of 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 buying an additional 33,193 shares during the last quarter. American Century Companies Inc. raised its position in shares of 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 valued at $76,741,000 after buying an additional 249,425 shares during the period. Invesco Ltd. raised its position in shares of 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 valued at $99,477,000 after buying an additional 465,440 shares during the period. Finally, Balyasny Asset Management L.P. lifted its holdings in Helmerich & Payne by 4.3% in the third quarter. Balyasny Asset Management L.P. now owns 2,132,265 shares of the oil and gas company's stock valued at $47,102,000 after acquiring an additional 87,882 shares during the last quarter. Institutional investors and hedge funds own 96.05% of the company's stock.

Helmerich & Payne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.8%. Helmerich & Payne's dividend payout ratio (DPR) is -26.39%.

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.

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