Helmerich & Payne (HP) Stock Forecast, Price Target & Predictions

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HP Stock Forecast

Helmerich & Payne stock forecast is as follows: an average price target of $49.55 (represents a 48.35% upside from HP’s last price of $33.40) and a rating consensus of 'Hold', based on 16 wall street analysts offering a 1-year stock forecast.

HP Price Target

The average price target for Helmerich & Payne (HP) is $49.55 based on 1-year price targets from 16 Wall Street analysts in the past 3 months, with a price target range of $72.00 to $29.00. This represents a potential 48.35% upside from HP's last price of $33.40.

HP Analyst Ratings

Hold

According to 16 Wall Street analysts, Helmerich & Payne's rating consensus is 'Hold'. The analyst rating breakdown for HP stock is 0 'Strong Buy' (0.00%), 4 'Buy' (25.00%), 10 'Hold' (62.50%), 2 'Sell' (12.50%), and 0 'Strong Sell' (0.00%).

Helmerich & Payne Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Jul 26, 2024	Keith Mackey	RBC Capital	$50.00	$41.40	20.77%	49.70%
Jul 25, 2024	Stewart Glickman	CFRA	$47.00	$40.57	15.85%	40.72%
May 06, 2024	Luke Lemoine	Piper Sandler	$39.00	$38.47	1.38%	16.77%
Feb 01, 2023	-	Susquehanna	$72.00	$45.12	59.59%	115.57%
Nov 21, 2022	-	Morgan Stanley	$60.00	$51.05	17.53%	79.64%
Nov 18, 2022	Charles Minervino	Susquehanna	$65.00	$52.06	24.86%	94.61%
Aug 01, 2022	-	Morgan Stanley	$48.00	$44.77	7.23%	43.71%
Aug 01, 2022	-	Barclays	$58.00	$46.30	25.27%	73.65%
Jul 13, 2022	-	Morgan Stanley	$45.00	$39.04	15.27%	34.73%
Jul 13, 2022	-	Goldman Sachs	$38.00	$39.10	-2.81%	13.77%

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The latest Helmerich & Payne stock forecast, released on Jul 26, 2024 by Keith Mackey from RBC Capital, set a price target of $50.00, which represents a 20.77% increase from the stock price at the time of the forecast ($41.40), and a 49.70% increase from HP last price ($33.40).

Helmerich & Payne Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	3
Avg Price Target	-	-	$45.33
Last Closing Price	$33.40	$33.40	$33.40
Upside/Downside	-100.00%	-100.00%	35.72%

In the current month, the average price target of Helmerich & Payne stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Helmerich & Payne's last price of $33.40. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Jul 26, 2024	RBC Capital	Sector Perform	Sector Perform	Hold
May 06, 2024	Piper Sandler	Neutral	Neutral	Hold
Apr 25, 2024	RBC Capital	Underperform	Underperform	Hold
Apr 25, 2024	Susquehanna	Sector Perform	Sector Perform	Hold
Apr 16, 2024	Citigroup	Neutral	Neutral	Hold
Apr 01, 2024	Susquehanna	Sector Perform	Sector Perform	Hold
Apr 01, 2024	Sandler O'Neill	Underperform	Underperform	Hold
Feb 20, 2024	Susquehanna	Sector Perform	Sector Perform	Hold
Feb 20, 2024	Sandler O'Neill	Underperform	Underperform	Hold
Jan 12, 2024	Goldman Sachs	Sell	Sell	Hold

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Helmerich & Payne's last stock rating was published by RBC Capital on Jul 26, 2024. The company gave HP a "Sector Perform" rating, the same as its previous rate.

Helmerich & Payne Financial Forecast

Helmerich & Payne Revenue Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$677.15M	$659.61M	$723.96M	$769.22M	$719.64M	$631.33M	$550.23M	$467.60M	$409.78M	$343.81M
Avg Forecast	$1.17B	$1.17B	$1.16B	$1.15B	$1.15B	$1.17B	$1.16B	$1.14B	$1.15B	$961.08M	$942.53M	$922.81M	$1.03B	$726.70M	$714.63M	$702.74M	$695.46M	$695.99M	$670.78M	$682.51M	$661.81M	$662.17M	$705.71M	$749.66M	$698.87M	$599.62M	$520.53M	$444.98M	$389.89M	$350.02M
High Forecast	$1.28B	$1.29B	$1.27B	$1.26B	$1.26B	$1.28B	$1.27B	$1.25B	$1.26B	$1.05B	$1.03B	$1.01B	$1.13B	$796.27M	$783.05M	$754.31M	$720.31M	$702.17M	$670.78M	$682.51M	$725.16M	$680.19M	$773.27M	$821.43M	$765.77M	$599.62M	$520.53M	$444.98M	$389.89M	$350.02M
Low Forecast	$1.12B	$1.13B	$1.12B	$1.11B	$1.11B	$1.13B	$1.11B	$1.09B	$1.11B	$925.23M	$907.38M	$888.39M	$990.10M	$699.60M	$687.98M	$683.39M	$677.83M	$689.81M	$670.78M	$682.51M	$637.12M	$641.27M	$679.39M	$721.70M	$672.80M	$599.62M	$520.53M	$444.98M	$389.89M	$350.02M
# Analysts	3	3	3	3	4	4	4	4	4	4	4	4	3	3	3	5	5	4	4	9	9	10	9	9	8	8	8	8	9	9
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.02%	1.00%	1.03%	1.03%	1.03%	1.05%	1.06%	1.05%	1.05%	0.98%

Helmerich & Payne's average Quarter revenue forecast for Mar 24 based on 9 analysts is $682.51M, with a low forecast of $682.51M, and a high forecast of $682.51M. HP's average Quarter revenue forecast represents a 0.79% increase compared to the company's last Quarter revenue of $677.15M (Dec 23).

Helmerich & Payne EBITDA Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	3	3	3	3	4	4	4	4	4	4	4	4	3	3	3	5	5	4	4	9	9	10	9	9	8	8	8	8	9	9
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$214.87M	$205.54M	$226.44M	$261.68M	$238.92M	$64.12M	$125.69M	$76.14M	$47.62M	$3.56M
Avg Forecast	$184.20M	$185.07M	$182.65M	$180.99M	$181.71M	$184.87M	$182.46M	$179.26M	$181.52M	$151.54M	$148.62M	$145.51M	$162.17M	$114.59M	$112.68M	$110.81M	$109.66M	$109.75M	$105.77M	$141.12M	$104.35M	$104.41M	$111.28M	$150.93M	$56.66M	$131.68M	$114.31M	$137.21M	$85.62M	$76.87M
High Forecast	$201.84M	$202.78M	$200.14M	$198.32M	$199.11M	$202.57M	$199.92M	$196.42M	$198.90M	$166.05M	$162.85M	$159.44M	$177.69M	$125.56M	$123.47M	$118.94M	$113.58M	$110.72M	$105.77M	$169.34M	$114.35M	$107.25M	$121.93M	$181.11M	$67.99M	$131.68M	$114.31M	$164.65M	$85.62M	$76.87M
Low Forecast	$177.33M	$178.17M	$175.84M	$174.24M	$174.93M	$177.97M	$175.65M	$172.58M	$174.75M	$145.89M	$143.08M	$140.08M	$156.12M	$110.31M	$108.48M	$107.76M	$106.88M	$108.77M	$105.77M	$112.89M	$100.46M	$101.12M	$107.13M	$120.74M	$45.33M	$131.68M	$114.31M	$109.77M	$85.62M	$76.87M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.06%	1.97%	2.03%	1.73%	4.22%	0.49%	1.10%	0.55%	0.56%	0.05%

9 analysts predict HP's average Quarter EBITDA for Mar 24 to be $141.12M, with a high of $169.34M and a low of $112.89M. This is -34.32% lower than Helmerich & Payne's previous annual EBITDA (Dec 23) of $214.87M.

Helmerich & Payne Net Income Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	3	3	3	3	4	4	4	4	4	4	4	4	3	3	3	5	5	4	4	9	9	10	9	9	8	8	8	8	9	9
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$95.17M	$77.62M	$95.28M	$164.04M	$97.14M	$45.54M	$17.75M	$-4.62M	$-51.33M	$-79.16M
Avg Forecast	$80.28M	$81.86M	$77.22M	$75.87M	$77.62M	$89.42M	$84.55M	$78.28M	$100.99M	$103.59M	$98.89M	$92.44M	$103.18M	$93.87M	$85.70M	$79.35M	$75.27M	$79.27M	$75.97M	$-6.69M	$72.49M	$71.27M	$88.94M	$-7.15M	$-61.11M	$46.15M	$7.11M	$-6.50M	$-49.47M	$-49.79M
High Forecast	$90.28M	$92.05M	$86.83M	$85.31M	$87.28M	$100.55M	$95.08M	$88.03M	$113.56M	$116.49M	$111.20M	$103.94M	$116.02M	$105.55M	$96.37M	$98.96M	$109.85M	$80.69M	$75.98M	$-5.35M	$81.51M	$72.21M	$100.00M	$-5.72M	$-48.89M	$46.15M	$7.11M	$-5.20M	$-49.47M	$-49.79M
Low Forecast	$76.39M	$77.89M	$73.47M	$72.19M	$73.86M	$85.09M	$80.45M	$74.49M	$96.09M	$98.57M	$94.10M	$87.96M	$98.17M	$89.32M	$81.55M	$62.55M	$42.72M	$77.85M	$75.95M	$-8.02M	$68.98M	$56.26M	$84.62M	$-8.58M	$-73.33M	$46.15M	$7.11M	$-7.80M	$-49.47M	$-49.79M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.31%	1.09%	1.07%	-22.94%	-1.59%	0.99%	2.50%	0.71%	1.04%	1.59%

Helmerich & Payne's average Quarter net income forecast for Mar 24 is $-6.69M, with a range of $-8.02M to $-5.35M. HP's average Quarter net income forecast represents a -107.03% decrease compared to the company's last Quarter net income of $95.17M (Dec 23).

Helmerich & Payne SG&A Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	3	3	3	3	4	4	4	4	4	4	4	4	3	3	3	5	5	4	4	9	9	10	9	9	8	8	8	8	9	9
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$56.58M	$56.08M	$49.27M	$52.85M	$48.45M	$46.67M	$44.93M	$47.05M	$43.72M	$51.82M
Avg Forecast	$113.34M	$113.87M	$112.38M	$111.36M	$111.80M	$113.75M	$112.26M	$110.30M	$111.68M	$93.24M	$91.44M	$89.53M	$99.78M	$70.50M	$69.33M	$68.18M	$67.47M	$67.52M	$65.08M	$63.22M	$64.21M	$64.24M	$68.47M	$67.62M	$52.01M	$55.85M	$48.49M	$61.47M	$36.32M	$32.60M
High Forecast	$124.19M	$124.77M	$123.14M	$122.02M	$122.50M	$124.64M	$123.01M	$120.86M	$122.38M	$102.17M	$100.20M	$98.10M	$109.33M	$77.25M	$75.97M	$73.18M	$69.88M	$68.12M	$65.08M	$75.87M	$70.35M	$65.99M	$75.02M	$81.14M	$62.41M	$55.85M	$48.49M	$73.76M	$36.32M	$32.60M
Low Forecast	$109.11M	$109.62M	$108.19M	$107.21M	$107.63M	$109.50M	$108.07M	$106.18M	$107.52M	$89.76M	$88.03M	$86.19M	$96.06M	$67.87M	$66.75M	$66.30M	$65.76M	$66.92M	$65.08M	$50.58M	$61.81M	$62.21M	$65.91M	$54.09M	$41.61M	$55.85M	$48.49M	$49.18M	$36.32M	$32.60M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.88%	0.87%	0.72%	0.78%	0.93%	0.84%	0.93%	0.77%	1.20%	1.59%

Helmerich & Payne's average Quarter SG&A projection for Mar 24 is $63.22M, based on 9 Wall Street analysts, with a range of $50.58M to $75.87M. The forecast indicates a 11.74% rise compared to HP last annual SG&A of $56.58M (Dec 23).

Helmerich & Payne EPS Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	3	3	3	3	4	4	4	4	4	4	4	4	3	3	3	5	5	4	4	9	9	10	9	9	8	8	8	8	9	9
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$0.96	$0.78	$0.94	$1.55	$0.92	$0.42	$0.16	$-0.04	$-0.48	$-0.74
Avg Forecast	$0.81	$0.83	$0.78	$0.77	$0.78	$0.90	$0.85	$0.79	$1.02	$1.05	$1.00	$0.93	$1.04	$0.95	$0.87	$0.80	$0.76	$0.80	$0.77	$0.85	$0.73	$0.72	$0.90	$1.06	$0.82	$0.47	$0.07	$-0.29	$-0.50	$-0.50
High Forecast	$0.91	$0.93	$0.88	$0.86	$0.88	$1.02	$0.96	$0.89	$1.15	$1.18	$1.12	$1.05	$1.17	$1.07	$0.97	$1.00	$1.11	$0.82	$0.77	$0.85	$0.82	$0.73	$1.01	$1.19	$0.92	$0.47	$0.07	$-0.29	$-0.50	$-0.50
Low Forecast	$0.77	$0.79	$0.74	$0.73	$0.75	$0.86	$0.81	$0.75	$0.97	$1.00	$0.95	$0.89	$0.99	$0.90	$0.82	$0.63	$0.43	$0.79	$0.77	$0.85	$0.70	$0.57	$0.85	$1.01	$0.78	$0.47	$0.07	$-0.29	$-0.50	$-0.50
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.31%	1.08%	1.05%	1.46%	1.12%	0.90%	2.23%	0.15%	0.96%	1.47%

According to 9 Wall Street analysts, Helmerich & Payne's projected average Quarter EPS for Mar 24 is $0.85, with a low estimate of $0.85 and a high estimate of $0.85. This represents a -11.57% decrease compared to HP previous annual EPS of $0.96 (Dec 23).

Helmerich & Payne Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
BORR	Borr Drilling	$3.94	$9.00	128.43%	Buy
PTEN	Patterson-UTI Energy	$8.11	$16.81	107.27%	Buy
NBR	Nabors Industries	$72.84	$131.67	80.77%	Buy
NE	Noble	$33.43	$57.50	72.00%	Buy
DO	Diamond Offshore Drilling	$13.99	$22.00	57.26%	Buy
HP	Helmerich & Payne	$33.40	$49.55	48.35%	Hold
RIG	Transocean	$4.20	$6.12	45.71%	Buy
PDS	Precision Drilling	$62.77	$71.33	13.64%	Buy

HP Forecast FAQ

Is Helmerich & Payne a good buy?

No, according to 16 Wall Street analysts, Helmerich & Payne (HP) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 25.00% of HP's total ratings.

What is HP's price target?

Helmerich & Payne (HP) average price target is $49.55 with a range of $29 to $72, implying a 48.35% from its last price of $33.4. The data is based on 16 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Helmerich & Payne stock go up soon?

According to Wall Street analysts' prediction for HP stock, the company can go up by 48.35% (from the last price of $33.4 to the average price target of $49.55), up by 115.57% based on the highest stock price target, and down by -13.17% based on the lowest stock price target.

Can Helmerich & Payne stock reach $50?

HP's highest twelve months analyst stock price target of $72 supports the claim that Helmerich & Payne can reach $50 in the near future.

What are Helmerich & Payne's analysts' financial forecasts?

Helmerich & Payne's analysts financial forecasts for the fiscal year (Sep 2027) are as follows: average revenue is $4.62B (high $5.06B, low $4.45B), average EBITDA is $728.11M (high $797.81M, low $700.95M), average net income is $353.25M (high $397.21M, low $336.12M), average SG&A $447.99M (high $490.88M, low $431.28M), and average EPS is $3.57 (high $4.01, low $3.39). HP's analysts financial forecasts for the fiscal year (Sep 2028) are as follows: average revenue is $4.63B (high $5.08B, low $4.46B), average EBITDA is $730.42M (high $800.35M, low $703.18M), average net income is $312.57M (high $351.46M, low $297.41M), average SG&A $449.41M (high $492.44M, low $432.65M), and average EPS is $3.16 (high $3.55, low $3).

Did the HP's actual financial results beat the analysts' financial forecasts?

Based on Helmerich & Payne's last annual report (Sep 2023), the company's revenue was $2.87B, beating the average analysts forecast of $2.82B by 1.99%. Apple's EBITDA was $958.41M, beating the average prediction of $423.28M by 126.43%. The company's net income was $434.1M, beating the average estimation of $91.94M by 372.15%. Apple's SG&A was $206.66M, missing the average forecast of $252.34M by -18.10%. Lastly, the company's EPS was $4.24, beating the average prediction of $3.5 by 21.18%. In terms of the last quarterly report (Dec 2023), Helmerich & Payne's revenue was $677.15M, beating the average analysts' forecast of $661.81M by 2.32%. The company's EBITDA was $214.87M, beating the average prediction of $104.35M by 105.91%. Helmerich & Payne's net income was $95.17M, beating the average estimation of $72.49M by 31.29%. The company's SG&A was $56.58M, missing the average forecast of $64.21M by -11.88%. Lastly, the company's EPS was $0.96, beating the average prediction of $0.732 by 31.12%