Zacks Research Issues Negative Estimate for HP Earnings

Helmerich & Payne, Inc. (NYSE:HP) – Investment analysts at Zacks Research reduced their Q1 2025 earnings estimates for shares of Helmerich & Payne in a research report issued to clients and investors on Wednesday, November 27th. Zacks Research analyst N. Choudhury now forecasts that the oil and gas company will post earnings of $0.65 per share for the quarter, down from their previous forecast of $0.74. The consensus estimate for Helmerich & Payne’s current full-year earnings is $3.12 per share. Zacks Research also issued estimates for Helmerich & Payne’s Q2 2026 earnings at $0.87 EPS and FY2027 earnings at $3.62 EPS.

Several other equities research analysts have also weighed in on the stock. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a report on Thursday, November 21st. Barclays decreased their price objective on shares of Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 20th. Citigroup decreased their price objective on shares of Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, September 13th. Royal Bank of Canada decreased their price objective on shares of Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating on the stock in a report on Friday, November 15th. Finally, The Goldman Sachs Group decreased their price objective on shares of Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating on the stock in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $38.57.

Helmerich & Payne Stock Up 0.2 %

HP opened at $35.26 on Monday. The firm’s 50-day simple moving average is $34.20 and its 200-day simple moving average is $34.81. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.40 and a current ratio of 2.67. Helmerich & Payne has a twelve month low of $29.46 and a twelve month high of $44.11. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 10.25, a PEG ratio of 4.30 and a beta of 1.39.

Helmerich & Payne (NYSE:HP) last posted its earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share for the quarter, hitting the consensus estimate of $0.76. Helmerich & Payne had a net margin of 12.48% and a return on equity of 12.44%. The business had revenue of $693.79 million for the quarter, compared to analyst estimates of $695.99 million. During the same quarter in the prior year, the firm earned $0.69 EPS. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year.

Helmerich & Payne Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were given a dividend of $0.25 per share. The ex-dividend date was Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 2.84%. Helmerich & Payne’s payout ratio is presently 29.07%.

Institutional Trading of Helmerich & Payne

A number of hedge funds have recently modified their holdings of HP. Public Employees Retirement System of Ohio acquired a new stake in shares of Helmerich & Payne in the 1st quarter valued at approximately $102,000. Janus Henderson Group PLC increased its stake in Helmerich & Payne by 18.9% during the 1st quarter. Janus Henderson Group PLC now owns 57,870 shares of the oil and gas company’s stock worth $2,432,000 after purchasing an additional 9,190 shares in the last quarter. Tidal Investments LLC increased its stake in Helmerich & Payne by 29.7% during the 1st quarter. Tidal Investments LLC now owns 34,958 shares of the oil and gas company’s stock worth $1,470,000 after purchasing an additional 8,002 shares in the last quarter. Mather Group LLC. increased its stake in Helmerich & Payne by 13.5% during the 2nd quarter. Mather Group LLC. now owns 13,143 shares of the oil and gas company’s stock worth $475,000 after purchasing an additional 1,568 shares in the last quarter. Finally, CWM LLC increased its stake in Helmerich & Payne by 66.7% during the 2nd quarter. CWM LLC now owns 4,972 shares of the oil and gas company’s stock worth $180,000 after purchasing an additional 1,990 shares in the last quarter. 96.05% of the stock is currently owned by institutional investors and hedge funds.

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.