What is Zacks Research’s Estimate for HP Q2 Earnings?

Helmerich & Payne, Inc. (NYSE:HP) – Equities research analysts at Zacks Research decreased their Q2 2026 EPS estimates for Helmerich & Payne in a research report issued on Wednesday, April 15th. Zacks Research analyst Team now expects that the oil and gas company will earn ($0.08) per share for the quarter, down from their prior estimate of ($0.06). 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 $0.12 EPS, Q1 2027 earnings at $0.18 EPS, Q2 2027 earnings at $0.09 EPS, Q1 2028 earnings at ($0.01) EPS, Q2 2028 earnings at $0.27 EPS and FY2028 earnings at $2.01 EPS.

Helmerich & Payne (NYSE:HP) last announced its quarterly earnings data on Wednesday, February 4th. The oil and gas company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.27). Helmerich & Payne had a positive return on equity of 0.28% and a negative net margin of 7.71%.The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $990.16 million. During the same period in the prior year, the firm posted $0.71 earnings per share. The business’s revenue for the quarter was up 50.2% compared to the same quarter last year.

Several other equities analysts have also recently weighed in on HP. The Goldman Sachs Group reiterated a “neutral” rating and set a $32.00 price objective on shares of Helmerich & Payne in a report on Wednesday, January 14th. Weiss Ratings reissued a “sell (d+)” rating on shares of Helmerich & Payne in a research report on Friday, March 27th. Piper Sandler boosted their price objective on shares of Helmerich & Payne from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Wednesday. Royal Bank Of Canada upped their target price on shares of Helmerich & Payne from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Friday, February 6th. Finally, Citigroup increased their price objective on Helmerich & Payne from $33.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday, February 11th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $37.80.

Helmerich & Payne Trading Up 1.3%

NYSE:HP opened at $34.96 on Friday. The company has a current ratio of 2.03, a quick ratio of 1.58 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of -10.96 and a beta of 0.55. The business’s 50-day moving average price is $35.04 and its two-hundred day moving average price is $30.51. Helmerich & Payne has a 1-year low of $14.65 and a 1-year high of $37.87.

Helmerich & Payne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 18th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, May 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.9%. Helmerich & Payne’s dividend payout ratio (DPR) is -31.35%.

Insiders Place Their Bets

In related news, SVP Cara M. Hair sold 58,771 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $36.62, for a total value of $2,152,194.02. Following the completion of the sale, the senior vice president directly owned 175,589 shares in the company, valued at $6,430,069.18. The trade was a 25.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 4.40% of the company’s stock.

Institutional Investors Weigh In On Helmerich & Payne

A number of large investors have recently added to or reduced their stakes in the stock. New York State Teachers Retirement System increased its position in shares of Helmerich & Payne by 0.4% in the third quarter. New York State Teachers Retirement System now owns 99,710 shares of the oil and gas company’s stock worth $2,203,000 after purchasing an additional 400 shares during the period. Oregon Public Employees Retirement Fund lifted its position in Helmerich & Payne by 1.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 22,761 shares of the oil and gas company’s stock worth $653,000 after purchasing an additional 400 shares during the period. Arizona State Retirement System grew its stake in Helmerich & Payne by 1.4% during the third quarter. Arizona State Retirement System now owns 29,418 shares of the oil and gas company’s stock worth $650,000 after buying an additional 416 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Helmerich & Payne by 21.3% during the third quarter. Smartleaf Asset Management LLC now owns 2,487 shares of the oil and gas company’s stock worth $55,000 after buying an additional 437 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in Helmerich & Payne by 24.3% in the 4th quarter. Hantz Financial Services Inc. now owns 2,276 shares of the oil and gas company’s stock valued at $65,000 after buying an additional 445 shares during the period. Institutional investors and hedge funds own 96.05% of the company’s stock.

Trending Headlines about Helmerich & Payne

Here are the key news stories impacting Helmerich & Payne this week:

• Positive Sentiment: Zacks raised its FY2028 EPS forecast to $2.01 from $1.51, a material bump to the firm’s longer‑term view that suggests improving fundamentals or margin expectations into 2028. Zacks estimate changes
• Positive Sentiment: Q2 2028 EPS was increased to $0.27 from $0.24, supporting a stronger outlook for that quarter. Zacks estimate changes
• Positive Sentiment: Minor upward revisions: Q2 2027 to $0.09 (from $0.08) and Q4 2026 to $0.12 (from $0.11), indicating small improvements in mid‑term cadence. Zacks estimate changes
• Neutral Sentiment: Despite Zacks’ FY2028 raise, the broader consensus cited in the report remains higher (~$2.93), leaving some divergence between Zacks’ estimates and the street. That keeps analyst visibility mixed. Zacks estimate changes
• Negative Sentiment: Significant cut to Q1 2028: Zacks lowered the quarterly EPS forecast to ($0.01) from $0.17, pointing to near‑term softness or seasonality concerns that could pressure short‑term results. Zacks estimate changes
• Negative Sentiment: Earlier‑horizon downgrades include Q2 2026 to ($0.08) (from ($0.06)), Q1 2027 to $0.18 (from $0.20), Q3 2027 to $0.02 (from $0.03) and a slight FY2027 trim to $0.55 (from $0.56) — signaling uneven near‑term demand/earnings assumptions. Zacks estimate changes

Helmerich & Payne Company Profile

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.