Helmerich & Payne (HP) Stock Forecast, Price Target & Predictions
HP Stock Forecast
Helmerich & Payne stock forecast is as follows: an average price target of $49.55 (represents a 42.14% upside from HP’s last price of $34.86) 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 42.14% upside from HP's last price of $34.86.
HP Analyst Ratings
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% | 43.43% |
| Jul 25, 2024 | Stewart Glickman | CFRA | $47.00 | $40.57 | 15.85% | 34.83% |
| May 06, 2024 | Luke Lemoine | Piper Sandler | $39.00 | $38.47 | 1.38% | 11.88% |
| Feb 01, 2023 | - | Susquehanna | $72.00 | $45.12 | 59.59% | 106.54% |
| Nov 21, 2022 | - | Morgan Stanley | $60.00 | $51.05 | 17.53% | 72.12% |
| Nov 18, 2022 | Charles Minervino | Susquehanna | $65.00 | $52.06 | 24.86% | 86.46% |
| Aug 01, 2022 | - | Morgan Stanley | $48.00 | $44.77 | 7.23% | 37.69% |
| Aug 01, 2022 | - | Barclays | $58.00 | $46.30 | 25.27% | 66.38% |
| Jul 13, 2022 | - | Morgan Stanley | $45.00 | $39.04 | 15.27% | 29.09% |
| Jul 13, 2022 | - | Goldman Sachs | $38.00 | $39.10 | -2.81% | 9.01% |
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 43.43% increase from HP last price ($34.86).
Helmerich & Payne Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 3 |
| Avg Price Target | - | $48.50 | $45.33 |
| Last Closing Price | $34.86 | $34.86 | $34.86 |
| Upside/Downside | -100.00% | 39.13% | 30.03% |
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 $34.86. This month's average price target is down -100.00% 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 |
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 | $966.32M | $946.68M | $926.90M | $1.04B | $975.49M | $870.63M | $854.76M | $746.67M | $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 | $1.17B | $1.17B | $1.16B | $1.15B | $1.15B | $1.17B | $1.16B | $1.14B | $1.15B | $966.32M | $946.68M | $926.90M | $1.04B | $975.49M | $870.63M | $854.76M | $746.67M | $713.18M | $670.78M | $682.51M | $661.81M | $680.19M | $705.71M | $749.66M | $698.87M | $599.62M | $520.53M | $444.98M | $389.89M | $350.02M |
| Low Forecast | $1.17B | $1.17B | $1.16B | $1.15B | $1.15B | $1.17B | $1.16B | $1.14B | $1.15B | $966.32M | $946.68M | $926.90M | $1.04B | $975.49M | $870.63M | $854.76M | $746.67M | $668.11M | $670.78M | $682.51M | $661.81M | $641.27M | $705.71M | $749.66M | $698.87M | $599.62M | $520.53M | $444.98M | $389.89M | $350.02M |
| # Analysts | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 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 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 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 | $256.54M | $257.74M | $254.38M | $252.07M | $253.07M | $257.47M | $254.11M | $249.66M | $252.80M | $212.21M | $207.89M | $203.55M | $229.20M | $214.22M | $191.19M | $187.71M | $163.97M | $152.84M | $147.31M | $141.12M | $145.33M | $145.42M | $154.98M | $150.93M | $153.47M | $131.68M | $114.31M | $137.21M | $85.62M | $76.87M |
| High Forecast | $256.54M | $257.74M | $254.38M | $252.07M | $253.07M | $257.47M | $254.11M | $249.66M | $252.80M | $212.21M | $207.89M | $203.55M | $229.20M | $214.22M | $191.19M | $187.71M | $163.97M | $156.62M | $147.31M | $169.34M | $145.33M | $149.37M | $154.98M | $181.11M | $153.47M | $131.68M | $114.31M | $164.65M | $85.62M | $76.87M |
| Low Forecast | $256.54M | $257.74M | $254.38M | $252.07M | $253.07M | $257.47M | $254.11M | $249.66M | $252.80M | $212.21M | $207.89M | $203.55M | $229.20M | $214.22M | $191.19M | $187.71M | $163.97M | $146.72M | $147.30M | $112.89M | $145.33M | $140.82M | $154.98M | $120.74M | $153.47M | $131.68M | $114.31M | $109.77M | $85.62M | $76.87M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.48% | 1.41% | 1.46% | 1.73% | 1.56% | 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 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 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 | $94.63M | $101.78M | $98.22M | $92.30M | $103.04M | $98.80M | $91.90M | $84.13M | $81.12M | $79.27M | $75.97M | $-6.69M | $72.49M | $71.27M | $88.94M | $-7.15M | $81.33M | $46.15M | $7.11M | $-6.50M | $-49.47M | $-49.79M |
| High Forecast | $80.28M | $81.86M | $77.22M | $75.87M | $77.62M | $89.42M | $84.55M | $78.28M | $94.63M | $101.78M | $98.22M | $92.30M | $103.04M | $98.80M | $91.90M | $84.13M | $81.12M | $91.31M | $75.98M | $-5.35M | $72.49M | $72.21M | $88.94M | $-5.72M | $81.33M | $46.15M | $7.11M | $-5.20M | $-49.47M | $-49.79M |
| Low Forecast | $80.28M | $81.86M | $77.22M | $75.87M | $77.62M | $89.42M | $84.55M | $78.28M | $94.63M | $101.78M | $98.22M | $92.30M | $103.04M | $98.80M | $91.90M | $84.13M | $81.12M | $74.26M | $75.95M | $-8.02M | $72.49M | $56.26M | $88.94M | $-8.58M | $81.33M | $46.15M | $7.11M | $-7.80M | $-49.47M | $-49.79M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.31% | 1.09% | 1.07% | -22.94% | 1.19% | 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 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 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 | $108.81M | $109.32M | $107.90M | $106.92M | $107.34M | $109.21M | $107.78M | $105.89M | $107.23M | $90.01M | $88.18M | $86.34M | $97.21M | $90.86M | $81.10M | $79.62M | $69.55M | $64.83M | $62.48M | $63.22M | $61.64M | $61.68M | $65.73M | $67.62M | $65.10M | $55.85M | $48.49M | $61.47M | $36.32M | $32.60M |
| High Forecast | $108.81M | $109.32M | $107.90M | $106.92M | $107.34M | $109.21M | $107.78M | $105.89M | $107.23M | $90.01M | $88.18M | $86.34M | $97.21M | $90.86M | $81.10M | $79.62M | $69.55M | $66.43M | $62.48M | $75.87M | $61.64M | $63.36M | $65.73M | $81.14M | $65.10M | $55.85M | $48.49M | $73.76M | $36.32M | $32.60M |
| Low Forecast | $108.81M | $109.32M | $107.90M | $106.92M | $107.34M | $109.21M | $107.78M | $105.89M | $107.23M | $90.01M | $88.18M | $86.34M | $97.21M | $90.86M | $81.10M | $79.62M | $69.55M | $62.23M | $62.48M | $50.58M | $61.64M | $59.73M | $65.73M | $54.09M | $65.10M | $55.85M | $48.49M | $49.18M | $36.32M | $32.60M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.92% | 0.91% | 0.75% | 0.78% | 0.74% | 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 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 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 | $0.96 | $1.03 | $0.99 | $0.93 | $1.04 | $1.00 | $0.93 | $0.85 | $0.82 | $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 | $0.81 | $0.83 | $0.78 | $0.77 | $0.78 | $0.90 | $0.85 | $0.79 | $0.96 | $1.03 | $0.99 | $0.93 | $1.04 | $1.00 | $0.93 | $0.85 | $0.82 | $0.92 | $0.77 | $0.85 | $0.73 | $0.73 | $0.90 | $1.06 | $0.82 | $0.47 | $0.07 | $-0.29 | $-0.50 | $-0.50 |
| Low Forecast | $0.81 | $0.83 | $0.78 | $0.77 | $0.78 | $0.90 | $0.85 | $0.79 | $0.96 | $1.03 | $0.99 | $0.93 | $1.04 | $1.00 | $0.93 | $0.85 | $0.82 | $0.75 | $0.77 | $0.85 | $0.73 | $0.57 | $0.90 | $1.06 | $0.82 | $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 |
|---|---|---|---|---|---|
| PTEN | Patterson-UTI Energy | $7.97 | $16.81 | 110.92% | Buy |
| NE | Noble | $33.48 | $61.00 | 82.20% | Buy |
| NBR | Nabors Industries | $74.36 | $131.67 | 77.07% | Buy |
| BORR | Borr Drilling | $5.21 | $9.00 | 72.74% | Buy |
| DO | Diamond Offshore Drilling | $13.99 | $22.00 | 57.26% | Buy |
| RIG | Transocean | $4.26 | $6.12 | 43.66% | Buy |
| HP | Helmerich & Payne | $34.85 | $49.55 | 42.18% | Hold |
| PDS | Precision Drilling | $60.46 | $71.33 | 17.98% | 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 42.14% from its last price of $34.86. 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 42.14% (from the last price of $34.86 to the average price target of $49.55), up by 106.54% based on the highest stock price target, and down by -16.81% 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 $4.62B, low $4.62B), average EBITDA is $1.01B (high $1.01B, low $1.01B), average net income is $346.89M (high $346.89M, low $346.89M), average SG&A $430.11M (high $430.11M, low $430.11M), and average EPS is $3.5 (high $3.5, low $3.5). HP's analysts financial forecasts for the fiscal year (Sep 2028) are as follows: average revenue is $4.63B (high $4.63B, low $4.63B), average EBITDA is $1.02B (high $1.02B, low $1.02B), average net income is $312.57M (high $312.57M, low $312.57M), average SG&A $431.48M (high $431.48M, low $431.48M), and average EPS is $3.16 (high $3.16, low $3.16).
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 $604.79M by 58.47%. The company's net income was $434.1M, beating the average estimation of $234.38M by 85.21%. Apple's SG&A was $206.66M, missing the average forecast of $260.13M by -20.56%. 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 $145.33M by 47.85%. 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 $61.64M by -8.22%. Lastly, the company's EPS was $0.96, beating the average prediction of $0.732 by 31.12%