Q3 EPS Forecast for Helmerich & Payne Decreased by Analyst

Key Points

• Analysts at Zacks Research have reduced Helmerich & Payne's Q3 2026 earnings per share forecast from $0.20 to $0.19, maintaining a "Hold" rating on the stock.
• The Goldman Sachs Group lowered its target price for Helmerich & Payne from $25.00 to $17.00, categorizing it with a "sell" rating.
• The company declared a quarterly dividend of $0.25 per share, which will be paid on December 2nd, indicating a 4.7% yield for shareholders.

Helmerich & Payne, Inc. (NYSE:HP - Free Report) - Analysts at Zacks Research decreased their Q3 2026 earnings per share estimates for shares of Helmerich & Payne in a report issued on Thursday, September 11th. Zacks Research analyst Team now expects that the oil and gas company will post earnings of $0.19 per share for the quarter, down from their prior forecast of $0.20. Zacks Research has a "Hold" rating on the stock. The consensus estimate for Helmerich & Payne's current full-year earnings is $2.93 per share. Zacks Research also issued estimates for Helmerich & Payne's FY2026 earnings at $0.69 EPS, Q2 2027 earnings at $0.25 EPS and Q3 2027 earnings at $0.21 EPS.

Several other equities research analysts have also recently weighed in on the company. The Goldman Sachs Group decreased their target price on Helmerich & Payne from $25.00 to $17.00 and set a "sell" rating for the company in a research note on Tuesday, June 24th. Wall Street Zen lowered Helmerich & Payne from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Susquehanna cut their price objective on Helmerich & Payne from $24.00 to $23.00 and set a "positive" rating for the company in a research report on Tuesday, July 1st. Piper Sandler increased their target price on shares of Helmerich & Payne from $20.00 to $21.00 and gave the stock a "neutral" rating in a research report on Thursday, August 14th. Finally, Citigroup restated a "neutral" rating and set a $17.00 price target (down previously from $19.00) on shares of Helmerich & Payne in a research note on Thursday, June 26th. One equities research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $22.20.

Helmerich & Payne Stock Performance

NYSE HP opened at $21.11 on Monday. Helmerich & Payne has a 1-year low of $14.65 and a 1-year high of $37.46. The company has a market cap of $2.10 billion, a PE ratio of -63.97 and a beta of 0.95. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.84 and a quick ratio of 1.43. The stock's 50 day simple moving average is $17.85 and its 200-day simple moving average is $19.22.

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

Institutional Investors Weigh In On Helmerich & Payne

Several institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its position in shares of Helmerich & Payne by 542.9% in the 4th quarter. Bank of America Corp DE now owns 523,047 shares of the oil and gas company's stock worth $16,748,000 after acquiring an additional 441,688 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Helmerich & Payne by 32.5% in the fourth quarter. Cetera Investment Advisers now owns 19,114 shares of the oil and gas company's stock valued at $612,000 after purchasing an additional 4,692 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in Helmerich & Payne in the fourth quarter worth approximately $211,000. Janus Henderson Group PLC boosted its position in shares of Helmerich & Payne by 25.6% during the fourth quarter. Janus Henderson Group PLC now owns 93,720 shares of the oil and gas company's stock worth $3,001,000 after buying an additional 19,130 shares during the period. Finally, Quantinno Capital Management LP purchased a new stake in Helmerich & Payne during the 4th quarter worth about $210,000. 96.05% of the stock is owned by institutional investors.

Insider Activity

In other news, CAO Sara Marie Momper sold 6,700 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $17.83, for a total value of $119,461.00. Following the sale, the chief accounting officer directly owned 21,908 shares of the company's stock, valued at approximately $390,619.64. This represents a 23.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 4.51% of the company's stock.

Helmerich & Payne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Tuesday, November 18th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Tuesday, November 18th. Helmerich & Payne's dividend payout ratio (DPR) is -303.03%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.