Zacks Research Issues Pessimistic Outlook for HP Earnings

Key Points

• Zacks Research lowered its Q3 2027 EPS estimate for Helmerich & Payne to $0.02 (from $0.03) and projects FY2027 EPS of $0.55, while the consensus full‑year estimate stands at $2.93.
• In the most recent quarter (reported Feb. 4) the company missed EPS, reporting a ($0.15) loss versus $0.12 expected, but revenue beat at $1.02 billion, up 50.2% year‑over‑year.
• Analysts' average rating is "Hold" with a $37.80 price target; the stock trades near $34.49 (market cap $3.44B) and the company declared a $0.25 quarterly dividend (about a 2.9% yield).

Helmerich & Payne, Inc. (NYSE:HP - Free Report) - Equities researchers at Zacks Research lowered their Q3 2027 earnings per share estimates for Helmerich & Payne in a research report issued on Wednesday, April 15th. Zacks Research analyst Team now forecasts that the oil and gas company will earn $0.02 per share for the quarter, down from their prior estimate of $0.03. 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 FY2027 earnings at $0.55 EPS.

Other analysts have also issued research reports about the company. Royal Bank Of Canada boosted their price target on Helmerich & Payne from $34.00 to $36.00 and gave the company a "sector perform" rating in a report on Friday, February 6th. Morgan Stanley boosted their price target on Helmerich & Payne from $30.00 to $35.00 and gave the company an "underweight" rating in a report on Wednesday. TD Cowen boosted their price target on Helmerich & Payne from $35.00 to $38.00 and gave the company a "hold" rating in a report on Monday, February 9th. Susquehanna boosted their price target on Helmerich & Payne from $40.00 to $42.00 and gave the company a "positive" rating in a report on Tuesday, April 7th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Helmerich & Payne in a report on Friday, March 27th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given 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 $37.80.

Helmerich & Payne Stock Up 1.1%

Helmerich & Payne stock opened at $34.49 on Thursday. The stock has a market cap of $3.44 billion, a PE ratio of -10.81 and a beta of 0.55. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.58 and a current ratio of 2.03. Helmerich & Payne has a one year low of $14.65 and a one year high of $37.87. The stock has a fifty day moving average of $35.03 and a 200 day moving average of $30.48.

Helmerich & Payne (NYSE:HP - Get Free Report) last posted its quarterly earnings data on Wednesday, February 4th. The oil and gas company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.27). The firm had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $990.16 million. Helmerich & Payne had a negative net margin of 7.71% and a positive return on equity of 0.28%. The firm's revenue was up 50.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.71 EPS.

Institutional Trading of Helmerich & Payne

Institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC grew its position in shares of 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 purchasing an additional 1,582 shares in the last quarter. Leonteq Securities AG purchased a new stake in shares of Helmerich & Payne during the fourth quarter worth about $26,000. Rothschild Investment LLC grew its position in shares of Helmerich & Payne by 1,377.8% during the third quarter. Rothschild Investment LLC now owns 1,330 shares of the oil and gas company's stock worth $29,000 after purchasing an additional 1,240 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of Helmerich & Payne by 46.5% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,745 shares of the oil and gas company's stock worth $39,000 after purchasing an additional 554 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its position in shares of Helmerich & Payne by 184.3% during the third quarter. Hantz Financial Services Inc. now owns 1,831 shares of the oil and gas company's stock worth $40,000 after purchasing an additional 1,187 shares in the last quarter. Hedge funds and other institutional investors own 96.05% of the company's stock.

Insider Transactions at Helmerich & Payne

In other Helmerich & Payne news, SVP Cara M. Hair sold 58,771 shares of the business's stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $36.62, for a total transaction of $2,152,194.02. Following the completion of the sale, the senior vice president owned 175,589 shares of the company's stock, valued at approximately $6,430,069.18. The trade was a 25.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 4.40% of the company's stock.

Helmerich & Payne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Monday, May 18th. Helmerich & Payne's payout ratio is currently -31.35%.

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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