Zacks Research Expects Lower Earnings for Helmerich & Payne

Helmerich & Payne, Inc. (NYSE:HP - Free Report) - Research analysts at Zacks Research reduced their Q2 2027 earnings per share (EPS) estimates for Helmerich & Payne in a report issued on Wednesday, May 21st. Zacks Research analyst N. Choudhury now anticipates that the oil and gas company will post earnings of $0.62 per share for the quarter, down from their prior forecast of $0.77. The consensus estimate for Helmerich & Payne's current full-year earnings is $2.93 per share.

Helmerich & Payne (NYSE:HP - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.63). The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $961.03 million. Helmerich & Payne had a return on equity of 11.31% and a net margin of 11.02%. The business's revenue was up 47.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.84 EPS.

HP has been the subject of several other research reports. TD Cowen cut their price objective on Helmerich & Payne from $28.00 to $26.00 and set a "hold" rating for the company in a research report on Friday, May 9th. The Goldman Sachs Group cut their price objective on Helmerich & Payne from $32.00 to $25.00 and set a "sell" rating for the company in a research report on Thursday, April 10th. Morgan Stanley cut their price objective on Helmerich & Payne from $27.00 to $20.00 and set an "underweight" rating for the company in a research report on Friday, May 16th. Wall Street Zen cut Helmerich & Payne from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, Royal Bank of Canada cut their price objective on Helmerich & Payne from $41.00 to $35.00 and set a "sector perform" rating for the company in a research report on Friday, February 7th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $28.80.

Helmerich & Payne Stock Up 0.3%

Shares of HP traded up $0.05 during trading hours on Thursday, hitting $15.51. 902,328 shares of the company were exchanged, compared to its average volume of 1,611,315. The company has a market cap of $1.54 billion, a PE ratio of 5.11, a PEG ratio of 3.52 and a beta of 0.93. The firm's 50 day moving average is $20.38 and its 200-day moving average is $27.46. Helmerich & Payne has a 52 week low of $14.65 and a 52 week high of $42.60. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.52 and a current ratio of 2.81.

Helmerich & Payne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.45%. Helmerich & Payne's payout ratio is presently 45.66%.

Hedge Funds Weigh In On Helmerich & Payne

A number of hedge funds have recently modified their holdings of the stock. Summit Investment Advisors Inc. raised its holdings in shares of Helmerich & Payne by 4.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 10,113 shares of the oil and gas company's stock worth $324,000 after buying an additional 395 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Helmerich & Payne by 1.9% in the 4th quarter. LPL Financial LLC now owns 21,763 shares of the oil and gas company's stock worth $697,000 after buying an additional 408 shares in the last quarter. Napatree Capital LLC raised its holdings in shares of Helmerich & Payne by 2.5% in the 4th quarter. Napatree Capital LLC now owns 20,847 shares of the oil and gas company's stock worth $668,000 after buying an additional 511 shares in the last quarter. Ellis Investment Partners LLC raised its holdings in shares of Helmerich & Payne by 4.5% in the 1st quarter. Ellis Investment Partners LLC now owns 12,999 shares of the oil and gas company's stock worth $340,000 after buying an additional 558 shares in the last quarter. Finally, Ridgewood Investments LLC grew its position in Helmerich & Payne by 4.4% during the 1st quarter. Ridgewood Investments LLC now owns 13,385 shares of the oil and gas company's stock worth $350,000 after acquiring an additional 569 shares during the last quarter. 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.