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

Evercore upgraded shares of Helmerich & Payne (NYSE:HP) from an in-line rating to an outperform rating in a research note issued to investors on Friday, MarketBeat.com reports. They currently have $43.00 price objective on the oil and gas company’s stock.

Other equities research analysts also recently issued reports about the company. Citigroup lifted their target price on Helmerich & Payne from $33.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 11th. JPMorgan Chase & Co. raised Helmerich & Payne from a “neutral” rating to an “overweight” rating and upped their price target for the company from $24.00 to $34.00 in a report on Wednesday, December 10th. Barclays raised their price objective on Helmerich & Payne from $36.00 to $39.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 10th. Wall Street Zen lowered Helmerich & Payne from a “hold” rating to a “sell” rating in a report on Sunday, November 23rd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Helmerich & Payne in a research report on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $36.80.

Helmerich & Payne Price Performance

Shares of Helmerich & Payne stock opened at $36.42 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.03 and a quick ratio of 1.58. The company has a market cap of $3.64 billion, a PE ratio of -11.42 and a beta of 0.54. The firm has a fifty day moving average price of $34.11 and a two-hundred day moving average price of $28.61. Helmerich & Payne has a fifty-two week low of $14.65 and a fifty-two week high of $37.00.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $990.16 million. Helmerich & Payne had a positive return on equity of 0.28% and a negative net margin of 7.71%.The business’s revenue for the quarter was up 50.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.71 EPS. Analysts expect that Helmerich & Payne will post 2.93 EPS for the current year.

Helmerich & Payne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders 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 yield of 2.7%. Helmerich & Payne’s dividend payout ratio (DPR) is currently -31.35%.

Institutional Investors Weigh In On Helmerich & Payne

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

Key Stories Impacting Helmerich & Payne

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

• Positive Sentiment: Evercore upgraded HP from “in-line” to “outperform” and set a $43 price target (about ~18% above current levels), which supports upside expectations and may attract buyers. Finviz
• Positive Sentiment: Zacks raised a couple of forward estimates: Q1 2027 EPS was nudged higher (to $0.20 from $0.17) and FY2028 EPS was slightly increased (to $1.51 from $1.47). These upgrades provide some offset to near-term cuts and suggest Zacks sees improvement later in the planning horizon. MarketBeat
• Negative Sentiment: Zacks issued multiple downward revisions that are likely weighing on sentiment: FY2026 EPS was cut to ($0.03) from $0.10, FY2027 to $0.56 from $0.82, and several quarterly forecasts (Q2–Q4 2026 and parts of 2027) were lowered — including Q2 2026 to ($0.06). Those cuts reduce near-term earnings visibility and could pressure the stock if results or guidance miss expectations. MarketBeat

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.