Helmerich & Payne (NYSE:HP) Price Target Raised to $42.00

10 Apr 2026, 02:42 by Teresa Graham · The Cerbat Gem

Helmerich & Payne (NYSE:HP – Free Report) had its price objective lifted by Susquehanna from $40.00 to $42.00 in a research report report published on Tuesday morning,Benzinga reports. Susquehanna currently has a positive rating on the oil and gas company’s stock.

A number of other equities analysts also recently commented on HP. JPMorgan Chase & Co. raised shares of Helmerich & Payne from a “neutral” rating to an “overweight” rating and raised their target price for the company from $24.00 to $34.00 in a research note on Wednesday, December 10th. TD Cowen increased their price target on Helmerich & Payne from $35.00 to $38.00 and gave the company a “hold” rating in a report on Monday, February 9th. Evercore upgraded Helmerich & Payne from an “in-line” rating to an “outperform” rating and set a $43.00 price target for the company in a report on Friday, March 20th. Barclays increased their price target on Helmerich & Payne from $36.00 to $39.00 and gave the company an “overweight” rating in a report on Tuesday, February 10th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $32.00 price target on shares of Helmerich & Payne in a report on Wednesday, January 14th. 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $37.00.

Read Our Latest Analysis on Helmerich & Payne

Helmerich & Payne Trading Down 0.3%

Shares of HP opened at $35.24 on Tuesday. 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 $3.52 billion, a P/E ratio of -11.05 and a beta of 0.55. The stock’s fifty day simple moving average is $35.05 and its 200 day simple moving average is $30.07. Helmerich & Payne has a twelve month low of $14.65 and a twelve month high of $37.87.

Helmerich & Payne (NYSE:HP – Get Free Report) last issued its earnings results 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 during the quarter, compared to analysts’ expectations of $990.16 million. During the same period last year, the business posted $0.71 earnings per share. The company’s quarterly revenue was up 50.2% compared to the same quarter last year. On average, equities research analysts forecast that Helmerich & Payne will post 2.93 earnings per share for the current year.

Helmerich & Payne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.8%. The ex-dividend date is Monday, May 18th. Helmerich & Payne’s dividend payout ratio is currently -31.35%.

Insider Buying and Selling at Helmerich & Payne

In other news, SVP Cara M. Hair sold 58,771 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $36.62, for a total transaction 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. This trade represents a 25.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.40% of the stock is owned by corporate insiders.

Institutional Trading of Helmerich & Payne

Large investors have recently modified their holdings of the business. Leonteq Securities AG acquired a new stake in shares of Helmerich & Payne during the fourth quarter valued at about $26,000. Rothschild Investment LLC grew its stake in shares of Helmerich & Payne by 1,377.8% during the third quarter. Rothschild Investment LLC now owns 1,330 shares of the oil and gas company’s stock valued at $29,000 after acquiring an additional 1,240 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Helmerich & Payne by 2,433.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,647 shares of the oil and gas company’s stock valued at $25,000 after acquiring an additional 1,582 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Helmerich & Payne by 46.5% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,745 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 554 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its stake in shares of Helmerich & Payne by 184.3% during the third quarter. Hantz Financial Services Inc. now owns 1,831 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 1,187 shares in the last quarter. 96.05% of the stock is currently owned by institutional investors and hedge funds.

About Helmerich & Payne

(Get Free Report)

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.