Zacks Research Expects Lower Earnings for Helmerich & Payne

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) - Equities researchers at Zacks Research dropped their Q3 2026 earnings estimates for shares of Helmerich & Payne in a note issued to investors on Thursday, September 11th. Zacks Research analyst Team now anticipates that the oil and gas company will post earnings per share of $0.19 for the quarter, down from their previous estimate 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.

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

Several other analysts also recently weighed in on HP. Susquehanna lowered their target price on shares of Helmerich & Payne from $24.00 to $23.00 and set a "positive" rating on the stock in a report on Tuesday, July 1st. TD Cowen lifted their target price on shares of Helmerich & Payne from $26.00 to $27.00 and gave the company a "hold" rating in a report on Tuesday, August 19th. JPMorgan Chase & Co. lowered their target price on shares of Helmerich & Payne from $25.00 to $17.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. Piper Sandler lifted their target price on shares of Helmerich & Payne from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Thursday, August 14th. Finally, Citigroup reaffirmed a "neutral" rating and issued a $17.00 target price (down previously from $19.00) on shares of Helmerich & Payne in a report on Thursday, June 26th. One equities research analyst has rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $22.20.

Helmerich & Payne Stock Performance

Helmerich & Payne stock traded down $0.66 during midday trading on Monday, hitting $20.57. 2,990,041 shares of the company's stock were exchanged, compared to its average volume of 1,677,090. Helmerich & Payne has a 12-month low of $14.65 and a 12-month high of $37.46. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.43 and a current ratio of 1.84. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of -62.33 and a beta of 0.95. The firm's 50 day simple moving average is $18.27 and its 200 day simple moving average is $19.15.

Helmerich & Payne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Tuesday, November 18th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 4.9%. Helmerich & Payne's payout ratio is currently -303.03%.

Insider Buying and Selling

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

Institutional Trading of Helmerich & Payne

Institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its holdings in Helmerich & Payne by 2,433.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,647 shares of the oil and gas company's stock worth $25,000 after buying an additional 1,582 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of 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 purchasing an additional 867 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Helmerich & Payne by 29.2% in the second quarter. GAMMA Investing LLC now owns 4,092 shares of the oil and gas company's stock valued at $62,000 after purchasing an additional 925 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Helmerich & Payne in the second quarter valued at about $64,000. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of Helmerich & Payne by 27.4% in the second quarter. SBI Securities Co. Ltd. now owns 4,940 shares of the oil and gas company's stock valued at $75,000 after purchasing an additional 1,063 shares in the last quarter. Hedge funds and other institutional investors own 96.05% of the company's stock.

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.