Zacks Research Analysts Lower Earnings Estimates for HP

Helmerich & Payne, Inc. (NYSE:HP) – Zacks Research decreased their Q2 2026 earnings per share estimates for shares of Helmerich & Payne in a report released on Wednesday, February 19th. Zacks Research analyst N. Choudhury now forecasts that the oil and gas company will earn $0.66 per share for the quarter, down from their previous estimate of $0.88. 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 $0.72 EPS, FY2026 earnings at $2.80 EPS, Q1 2027 earnings at $0.96 EPS and FY2027 earnings at $3.59 EPS.

HP has been the subject of a number of other reports. Citigroup upgraded shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and upped their price target for the company from $33.00 to $40.00 in a report on Friday, January 10th. Benchmark restated a “hold” rating on shares of Helmerich & Payne in a research note on Thursday, November 21st. Royal Bank of Canada reduced 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. Barclays reduced their price objective on Helmerich & Payne from $36.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 19th. Finally, Evercore ISI reissued an “in-line” rating and issued a $39.00 price target (down from $48.00) on shares of Helmerich & Payne in a report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $37.25.

Helmerich & Payne Price Performance

NYSE HP opened at $26.23 on Monday. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.60. Helmerich & Payne has a 1 year low of $25.69 and a 1 year high of $44.11. The company has a fifty day simple moving average of $31.60 and a 200 day simple moving average of $32.90. The company has a market cap of $2.61 billion, a P/E ratio of 8.63, a P/E/G ratio of 3.52 and a beta of 1.37.

Helmerich & Payne (NYSE:HP) last announced its earnings results on Wednesday, February 5th. The oil and gas company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. Helmerich & Payne had a return on equity of 11.31% and a net margin of 11.02%.

Institutional Investors Weigh In On Helmerich & Payne

A number of hedge funds have recently made changes to their positions in the company. Kestra Investment Management LLC bought a new stake in Helmerich & Payne during the fourth quarter worth about $27,000. Covestor Ltd boosted its holdings in shares of Helmerich & Payne by 76.9% in the 3rd quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company’s stock worth $45,000 after acquiring an additional 643 shares in the last quarter. Blue Trust Inc. grew its position in Helmerich & Payne by 127.8% during the 3rd quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company’s stock worth $46,000 after acquiring an additional 854 shares during the last quarter. Quarry LP acquired a new stake in Helmerich & Payne during the 3rd quarter valued at $48,000. Finally, Steph & Co. acquired a new stake in Helmerich & Payne during the 4th quarter valued at $87,000. Institutional investors and hedge funds own 96.05% of the company’s stock.

Insider Transactions at Helmerich & Payne

In related news, CEO John W. Lindsay acquired 20,000 shares of the company’s stock in a transaction on Monday, February 10th. The stock was purchased at an average cost of $27.55 per share, for a total transaction of $551,000.00. Following the completion of the purchase, the chief executive officer now directly owns 691,214 shares of the company’s stock, valued at $19,042,945.70. The trade was a 2.98 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Belgacem Chariag acquired 37,356 shares of the business’s stock in a transaction on Monday, February 10th. The shares were bought at an average cost of $27.08 per share, with a total value of $1,011,600.48. Following the completion of the acquisition, the director now owns 54,606 shares of the company’s stock, valued at approximately $1,478,730.48. This trade represents a 216.56 % increase in their position. The disclosure for this purchase can be found here. 4.51% of the stock is owned by insiders.

Helmerich & Payne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend is Friday, February 14th. Helmerich & Payne’s dividend payout ratio is 32.89%.

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.