Q2 EPS Estimate for Helmerich & Payne Reduced by Analyst

Helmerich & Payne, Inc. (NYSE:HP - Free Report) - Equities researchers at Zacks Research cut their Q2 2026 earnings per share estimates for Helmerich & Payne in a research note issued to investors on Wednesday, February 19th. Zacks Research analyst N. Choudhury now anticipates that the oil and gas company will post earnings per share of $0.66 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.

Helmerich & Payne (NYSE:HP - Get Free Report) last issued its quarterly 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%.

HP has been the subject of several other reports. Citigroup raised Helmerich & Payne from a "neutral" rating to a "buy" rating and raised their price objective for the company from $33.00 to $40.00 in a research note on Friday, January 10th. Benchmark reaffirmed a "hold" rating on shares of Helmerich & Payne in a research report on Thursday, November 21st. Barclays dropped their price target on Helmerich & Payne from $36.00 to $24.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 19th. Evercore ISI restated an "in-line" rating and set a $39.00 price target (down previously from $48.00) on shares of Helmerich & Payne in a report on Wednesday, January 15th. Finally, Royal Bank of Canada decreased their price objective on Helmerich & Payne from $41.00 to $35.00 and set a "sector perform" rating on the stock in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Helmerich & Payne currently has an average rating of "Hold" and an average price target of $37.25.

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Helmerich & Payne Stock Up 1.0 %

Helmerich & Payne stock traded up $0.27 during trading on Monday, reaching $26.36. The stock had a trading volume of 1,465,208 shares, compared to its average volume of 1,710,255. The business has a 50 day moving average price of $31.28 and a 200 day moving average price of $32.75. Helmerich & Payne has a 52-week low of $25.69 and a 52-week high of $44.11. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.60. The stock has a market cap of $2.62 billion, a PE ratio of 8.67, a P/E/G ratio of 3.52 and a beta of 1.37.

Hedge Funds Weigh In On Helmerich & Payne

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kestra Investment Management LLC purchased a new stake in Helmerich & Payne during the 4th quarter valued at approximately $27,000. Covestor Ltd raised its stake in Helmerich & Payne by 76.9% during the third quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company's stock worth $45,000 after purchasing an additional 643 shares during the period. Blue Trust Inc. grew its stake in Helmerich & Payne by 127.8% during the third quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company's stock worth $46,000 after buying an additional 854 shares during the period. Quarry LP acquired a new stake in Helmerich & Payne in the third quarter valued at approximately $48,000. Finally, Steph & Co. purchased a new stake in Helmerich & Payne during the 4th quarter worth approximately $87,000. Hedge funds and other institutional investors own 96.05% of the company's stock.

Insider Buying and Selling

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

Helmerich & Payne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date is Friday, February 14th. Helmerich & Payne's dividend payout ratio (DPR) is 32.89%.

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.