Helmerich & Payne (NYSE:HP) Upgraded to “Outperform” at Evercore

Helmerich & Payne (NYSE:HP) was upgraded by stock analysts at Evercore from an “in-line” rating to an “outperform” rating in a research report issued on Friday, MarketBeat.com reports. The firm currently has a $43.00 target price on the oil and gas company’s stock. Evercore’s price objective indicates a potential upside of 19.73% from the stock’s current price.

A number of other equities research analysts have also recently commented on HP. Morgan Stanley restated an “underweight” rating and set a $28.00 target price on shares of Helmerich & Payne in a research note on Wednesday, January 21st. Piper Sandler lifted their price target on shares of Helmerich & Payne from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, February 9th. Barclays upped their price objective on Helmerich & Payne from $36.00 to $39.00 and gave the company an “overweight” rating in a research report on Tuesday, February 10th. Citigroup boosted their price objective on shares of Helmerich & Payne from $33.00 to $38.00 and gave the company a “neutral” rating in a research report on Wednesday, February 11th. Finally, Wall Street Zen lowered shares of Helmerich & Payne from a “hold” rating to a “sell” rating in a research report on Sunday, November 23rd. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $36.80.

Helmerich & Payne Price Performance

Shares of NYSE:HP opened at $35.91 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.58 and a current ratio of 2.03. The business has a 50-day simple moving average of $33.99 and a two-hundred day simple moving average of $28.50. Helmerich & Payne has a fifty-two week low of $14.65 and a fifty-two week high of $36.96. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of -11.26 and a beta of 0.54.

Helmerich & Payne (NYSE:HP) last issued its earnings results on Wednesday, February 4th. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.27). The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $990.16 million. Helmerich & Payne had a positive return on equity of 0.28% and a negative net margin of 7.71%.The company’s revenue for the quarter was up 50.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.71 EPS. On average, analysts expect that Helmerich & Payne will post 2.93 earnings per share for the current year.

Institutional Trading of Helmerich & Payne

Several large investors have recently made changes to their positions in the business. Allianz Asset Management GmbH grew its holdings in shares of Helmerich & Payne by 234.7% during the third quarter. Allianz Asset Management GmbH now owns 383,437 shares of the oil and gas company’s stock worth $8,470,000 after buying an additional 268,882 shares in the last quarter. Fairfax Financial Holdings Ltd. Can raised its position in Helmerich & Payne by 20.5% in the third quarter. Fairfax Financial Holdings Ltd. Can now owns 1,174,105 shares of the oil and gas company’s stock valued at $25,948,000 after purchasing an additional 200,000 shares during the period. Advisors Asset Management Inc. lifted its position in Helmerich & Payne by 61.5% in the third quarter. Advisors Asset Management Inc. now owns 117,958 shares of the oil and gas company’s stock valued at $2,606,000 after buying an additional 44,906 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Helmerich & Payne by 398.3% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 47,073 shares of the oil and gas company’s stock worth $1,040,000 after purchasing an additional 37,626 shares during the period. Finally, Jefferies Financial Group Inc. purchased a new stake in Helmerich & Payne during the second quarter worth about $174,000. 96.05% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Helmerich & Payne

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

• Positive Sentiment: Q1 2027 EPS raised to $0.20 from $0.17 by Zacks, a slight beat to prior guidance that could support the early-2027 outlook.
• Positive Sentiment: FY2028 EPS nudged up to $1.51 from $1.47, signaling Zacks sees modest recovery longer term.
• Negative Sentiment: Material cuts to FY2027 and related quarters: Zacks trimmed FY2027 to $0.56 from $0.82 and lowered Q2–Q4 2027 quarterlies (Q2 to $0.08 from $0.21; Q3 to $0.03 from $0.14; Q4 to $0.25 from $0.31). These reductions suggest weaker activity or margin expectations through 2027.
• Negative Sentiment: Near-term and FY2026 downgrades: multiple Q2–Q4 2026 cuts (Q2 2026 to ($0.06) from $0.01; Q3 2026 to $0.07 from $0.08; Q4 2026 to $0.11 from $0.16) and FY2026 to ($0.03) from $0.10 — indicating Zacks now expects a loss for FY2026.
• Negative Sentiment: Q1 2028 estimate was reduced to $0.17 from $0.38 in Zacks’ schedule shown, highlighting persistent near-term volatility in quarterly pacing.

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.