Zacks Research Expects Lower Earnings for Helmerich & Payne

Key Points

• Zacks Research has reduced its Q2 2026 earnings per share (EPS) estimate for Helmerich & Payne to $0.13, down from $0.14, reflecting a cautious outlook for the oil and gas company.
• Analysts show a mix of sentiment, with Citigroup increasing their price target to $26.00 with a "neutral" rating, while Goldman Sachs downgraded their target to $20.00 and maintained a "sell" rating.
• Helmerich & Payne announced a quarterly dividend of $0.25 per share, which represents a 4.6% yield, although its dividend payout ratio is currently negative at -303.03%.

Helmerich & Payne, Inc. (NYSE:HP - Free Report) - Zacks Research reduced their Q2 2026 earnings per share (EPS) estimates for shares of Helmerich & Payne in a research note issued on Thursday, October 9th. Zacks Research analyst Team now anticipates that the oil and gas company will post earnings of $0.13 per share for the quarter, down from their previous estimate of $0.14. 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 Q4 2026 earnings at $0.17 EPS, Q1 2027 earnings at $0.35 EPS, Q2 2027 earnings at $0.23 EPS, Q3 2027 earnings at $0.19 EPS, Q4 2027 earnings at $0.38 EPS and FY2027 earnings at $1.15 EPS.

Several other analysts have also recently weighed in on HP. Weiss Ratings reissued a "sell (d+)" rating on shares of Helmerich & Payne in a report on Wednesday, October 8th. Citigroup upped their price target on Helmerich & Payne from $17.00 to $26.00 and gave the company a "neutral" rating in a research note on Wednesday. The Goldman Sachs Group upped their price target on Helmerich & Payne from $18.00 to $20.00 and gave the company a "sell" rating in a research note on Monday, October 6th. Susquehanna lowered their price target on Helmerich & Payne from $24.00 to $23.00 and set a "positive" rating for the company in a research note on Tuesday, July 1st. Finally, Royal Bank Of Canada upped their price target on Helmerich & Payne from $23.00 to $24.00 and gave the company a "sector perform" rating in a research note on Friday, August 8th. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus target price of $24.20.

Helmerich & Payne Stock Performance

Shares of NYSE:HP opened at $21.87 on Monday. The stock has a market capitalization of $2.17 billion, a P/E ratio of -66.27 and a beta of 0.91. Helmerich & Payne has a 1-year low of $14.65 and a 1-year high of $37.46. The company has a current ratio of 1.84, a quick ratio of 1.43 and a debt-to-equity ratio of 0.76. The business has a 50-day moving average price of $20.18 and a two-hundred day moving average price of $18.78.

Helmerich & Payne (NYSE:HP - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1 billion. Helmerich & Payne had a positive return on equity of 5.81% and a negative net margin of 0.90%.The company's quarterly revenue was up 49.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.92 EPS.

Helmerich & Payne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Tuesday, November 18th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Tuesday, November 18th. Helmerich & Payne's dividend payout ratio is presently -303.03%.

Insiders Place Their Bets

In other Helmerich & Payne news, CAO Sara Marie Momper sold 6,700 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $17.83, for a total transaction of $119,461.00. Following the completion of the transaction, the chief accounting officer owned 21,908 shares of the company's stock, valued at $390,619.64. This represents a 23.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 4.51% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Helmerich & Payne

Several large investors have recently made changes to their positions in HP. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Helmerich & Payne in the 4th quarter valued at approximately $248,000. Park Avenue Securities LLC boosted its holdings in shares of Helmerich & Payne by 21.5% in the 1st quarter. Park Avenue Securities LLC now owns 7,925 shares of the oil and gas company's stock valued at $207,000 after buying an additional 1,400 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Helmerich & Payne by 101.6% in the 1st quarter. Farther Finance Advisors LLC now owns 12,892 shares of the oil and gas company's stock valued at $342,000 after buying an additional 6,496 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in shares of Helmerich & Payne by 3.8% in the 1st quarter. Yousif Capital Management LLC now owns 38,786 shares of the oil and gas company's stock valued at $1,013,000 after buying an additional 1,413 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Helmerich & Payne by 85.4% in the 1st quarter. GAMMA Investing LLC now owns 3,167 shares of the oil and gas company's stock valued at $83,000 after buying an additional 1,459 shares during the last quarter. Institutional investors and hedge funds own 96.05% of the company's stock.

About Helmerich & Payne

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.

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