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 $48.50 (represents a 59.28% upside from HP’s last price of $30.45) 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 $48.50 based on 1-year price targets from 16 Wall Street analysts in the past 3 months, with a price target range of $50.00 to $47.00. This represents a potential 59.28% upside from HP's last price of $30.45.

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


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jul 26, 2024Keith MackeyRBC Capital$50.00$41.4020.77%64.20%
Jul 25, 2024Stewart GlickmanCFRA$47.00$40.5715.85%54.35%
May 06, 2024Luke LemoinePiper Sandler$39.00$38.471.38%28.08%
Feb 01, 2023Susquehanna$72.00$45.1259.59%136.45%
Nov 21, 2022Morgan Stanley$60.00$51.0517.53%97.04%
Nov 18, 2022Charles MinervinoSusquehanna$65.00$52.0624.86%113.46%
Aug 01, 2022Morgan Stanley$48.00$44.777.23%57.64%
Aug 01, 2022Barclays$58.00$46.3025.27%90.48%
Jul 13, 2022Morgan Stanley$45.00$39.0415.27%47.78%
Jul 13, 2022Goldman Sachs$38.00$39.10-2.81%24.79%
Jul 06, 2022Citigroup$49.00$40.2521.74%60.92%
Jun 17, 2022Charles MinervinoSusquehanna$62.00$38.8659.55%103.61%
Jun 07, 2022Ian MacphersonPiper Sandler$53.00$52.780.42%74.06%
May 02, 2022Morgan Stanley$50.00$46.178.30%64.20%
May 02, 2022Barclays$52.00$46.0312.97%70.77%
Apr 29, 2022RBC Capital$62.00$48.0529.03%103.61%
Apr 16, 2022Douglas BeckerBenchmark Co.$53.00$48.878.45%74.06%
Mar 17, 2022Tom CurranSeaport Global$50.00$40.4323.67%64.20%
Nov 19, 2021Chase MulvehillBank of America Securities$29.00$24.2419.64%-4.76%
May 13, 2021Neil MehtaGoldman Sachs$27.00$27.48-1.75%-11.33%

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 64.20% increase from HP last price ($30.45).

Helmerich & Payne Price Target by Period


1M3M12M
# Anlaysts--3
Avg Price Target--$45.33
Last Closing Price$30.45$30.45$30.45
Upside/Downside-100.00%-100.00%48.87%

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 $30.45. 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


DateCompanyPrevious RatingNew RatingRating Change
Jul 26, 2024RBC CapitalSector PerformSector PerformHold
May 06, 2024Piper SandlerNeutralNeutralHold
Apr 25, 2024RBC CapitalUnderperformUnderperformHold
Apr 25, 2024SusquehannaSector PerformSector PerformHold
Apr 16, 2024CitigroupNeutralNeutralHold
Apr 01, 2024SusquehannaSector PerformSector PerformHold
Apr 01, 2024Sandler O'NeillUnderperformUnderperformHold
Feb 20, 2024SusquehannaSector PerformSector PerformHold
Feb 20, 2024Sandler O'NeillUnderperformUnderperformHold
Jan 12, 2024Goldman SachsSellSellHold
Jan 10, 2024BarclaysOverweightEqual-WeightDowngrade
Apr 18, 2023Morgan StanleyEqual-WeightUnderweightDowngrade
Feb 01, 2023SusquehannaPositivePositiveHold
Jan 09, 2023Janney MontgomeryNeutralDowngrade
Jan 09, 2023Credit SuisseNeutralDowngrade
Jan 09, 2023Morgan StanleyBelow AverageEqual-WeightUpgrade
Jan 09, 2023Wells FargoOverweightUpgrade
Jan 09, 2023Raymond JamesMarket PerformDowngrade
Jan 09, 2023Wolfe ResearchOutperformUpgrade
Jan 09, 2023Goldman SachsSellBuyUpgrade
Jan 09, 2023JefferiesHoldDowngrade
Jan 09, 2023SusquehannaPositiveNeutralDowngrade
Jan 09, 2023WedbushNeutralDowngrade
Jan 09, 2023RBC CapitalOutperformSector PerformDowngrade
Jan 09, 2023Piper SandlerOverweightUnderweightDowngrade
Jan 09, 2023Bank of America SecuritiesBuyUpgrade
Nov 18, 2022Piper SandlerOverweightOverweightHold
Nov 18, 2022SusquehannaPositivePositiveHold
Sep 26, 2022Morgan StanleyUnderweightBelow AverageUpgrade
Aug 01, 2022BarclaysOverweightOverweightHold
Jul 14, 2022BarclaysEqual-WeightOverweightUpgrade
Jul 13, 2022Morgan StanleyUnderweightUnderweightHold
Jul 13, 2022Goldman SachsSellSellHold
Jul 06, 2022CitigroupNeutralNeutralHold
Jun 08, 2022SusquehannaPositivePositiveHold
Jun 01, 2022Piper SandlerNeutralNeutralHold
May 02, 2022Morgan StanleyUnderweightUnderweightHold
May 02, 2022BarclaysEqual-WeightEqual-WeightHold
Apr 29, 2022RBC CapitalOutperformOutperformHold
Apr 13, 2022BenchmarkAbove AverageAbove AverageHold
Mar 17, 2022Seaport GlobalBuyUpgrade

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 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 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$754.60M$742.13M$726.02M$729.58M$719.08M$705.70M$693.48M$691.49M$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$1.23B$1.24B$1.22B$1.21B$1.21B$1.24B$1.22B$1.20B$1.21B$795.53M$782.38M$765.40M$769.15M$758.08M$743.98M$740.61M$698.35M$702.17M$670.78M$682.51M$697.70M$680.19M$743.98M$790.32M$736.77M$599.62M$520.53M$444.98M$389.89M$350.02M
Low Forecast$1.09B$1.09B$1.08B$1.07B$1.07B$1.09B$1.08B$1.06B$1.07B$703.11M$691.49M$676.48M$679.79M$670.02M$657.55M$630.19M$679.16M$689.81M$670.78M$682.51M$616.65M$641.27M$657.55M$698.51M$651.18M$599.62M$520.53M$444.98M$389.89M$350.02M
# Analysts1111222222221114633991099888899
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 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts1111222222221114633991099888899
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$118.99M$117.02M$114.48M$115.04M$113.39M$111.28M$109.35M$109.04M$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$194.20M$195.11M$192.56M$190.81M$191.57M$194.90M$192.35M$188.99M$191.36M$125.44M$123.37M$120.69M$121.28M$119.54M$117.31M$116.78M$110.12M$110.72M$105.77M$169.34M$110.02M$107.25M$117.31M$181.11M$67.99M$131.68M$114.31M$164.65M$85.62M$76.87M
Low Forecast$171.64M$172.44M$170.19M$168.64M$169.31M$172.25M$170.01M$167.03M$169.13M$110.87M$109.04M$106.67M$107.19M$105.65M$103.68M$99.37M$107.09M$108.77M$105.77M$112.89M$97.23M$101.12M$103.68M$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 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts1111222222221114633991099888899
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$81.85M$77.21M$75.86M$77.61M$115.82M$110.87M$103.94M$104.93M$95.56M$89.61M$83.88M$91.21M$84.93M$78.46M$74.21M$68.74M$79.26M$75.96M$-6.69M$72.48M$71.26M$88.92M$-7.15M$-61.11M$46.15M$7.11M$-6.50M$-49.47M$-49.79M
High Forecast$85.94M$87.62M$82.65M$81.21M$83.08M$123.99M$118.69M$111.27M$112.33M$102.30M$95.93M$89.80M$97.64M$90.92M$83.99M$88.44M$83.32M$80.68M$75.97M$-5.35M$77.59M$72.20M$95.19M$-5.72M$-48.89M$46.15M$7.11M$-5.20M$-49.47M$-49.79M
Low Forecast$73.15M$74.59M$70.36M$69.13M$70.73M$105.55M$101.04M$94.72M$95.63M$87.08M$81.66M$76.44M$83.12M$77.40M$71.50M$66.08M$43.74M$77.84M$75.94M$-8.02M$66.05M$56.26M$81.04M$-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 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts1111222222221114633991099888899
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$73.21M$72.00M$70.44M$70.78M$69.76M$68.47M$67.28M$67.09M$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$119.48M$120.04M$118.48M$117.40M$117.87M$119.92M$118.35M$116.28M$117.74M$77.18M$75.91M$74.26M$74.62M$73.55M$72.18M$71.85M$67.75M$68.12M$65.08M$75.87M$67.69M$65.99M$72.18M$81.14M$62.41M$55.85M$48.49M$73.76M$36.32M$32.60M
Low Forecast$105.60M$106.10M$104.71M$103.76M$104.17M$105.98M$104.60M$102.77M$104.06M$68.21M$67.09M$65.63M$65.95M$65.00M$63.79M$61.14M$65.89M$66.92M$65.08M$50.58M$59.83M$62.21M$63.79M$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 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts1111222222221114633991099888899
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$1.17$1.12$1.05$1.06$0.97$0.91$0.85$0.92$0.86$0.79$0.75$0.69$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$0.87$0.89$0.83$0.82$0.84$1.25$1.20$1.12$1.13$1.03$0.97$0.91$0.99$0.92$0.85$0.89$0.84$0.82$0.77$0.85$0.78$0.73$0.96$1.13$0.88$0.47$0.07$-0.29$-0.50$-0.50
Low Forecast$0.74$0.75$0.71$0.70$0.71$1.07$1.02$0.96$0.97$0.88$0.82$0.77$0.84$0.78$0.72$0.67$0.44$0.79$0.77$0.85$0.67$0.57$0.82$0.97$0.75$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


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
BORRBorr Drilling$3.81$9.00136.22%Buy
PTENPatterson-UTI Energy$7.34$12.6372.07%Buy
NBRNabors Industries$59.85$95.0058.73%Buy
NENoble$30.27$48.0058.57%Buy
HPHelmerich & Payne$32.64$48.5048.59%Hold
RIGTransocean$3.67$5.0036.24%Buy
PDSPrecision Drilling$58.46$71.3322.02%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 $48.5 with a range of $47 to $50, implying a 59.28% from its last price of $30.45. 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 59.28% (from the last price of $30.45 to the average price target of $48.5), up by 64.20% based on the highest stock price target, and up by 54.35% based on the lowest stock price target.

Can Helmerich & Payne stock reach $50?

HP's average twelve months analyst stock price target of $48.5 does not support 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 $4.87B, low $4.3B), average EBITDA is $728.11M (high $767.6M, low $678.43M), average net income is $435.58M (high $466.29M, low $396.94M), average SG&A $447.99M (high $472.29M, low $417.42M), and average EPS is $4.4 (high $4.71, low $4.01). HP's analysts financial forecasts for the fiscal year (Sep 2028) are as follows: average revenue is $4.63B (high $4.88B, low $4.32B), average EBITDA is $730.42M (high $770.04M, low $680.58M), average net income is $312.53M (high $334.56M, low $284.81M), average SG&A $449.41M (high $473.79M, low $418.75M), and average EPS is $3.16 (high $3.38, low $2.88).

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 $91.92M by 372.25%. 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 $72.48M by 31.31%. 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%