Susquehanna Forecasts Strong Price Appreciation for Helmerich & Payne (NYSE:HP) Stock

Key Points

• Susquehanna raised its price target on Helmerich & Payne to $42 and kept a "positive" rating, implying roughly a 16.96% upside from the current share price.
• Analyst consensus remains a "Hold" with a consensus target of $37; broker ratings are split (five Buy, five Hold, two Sell).
• Helmerich & Payne missed quarterly EPS expectations (reported -$0.15 vs. $0.12 expected) but posted revenue of $1.02 billion, up 50.2% year‑over‑year, signaling strong top‑line growth amid profitability pressure.

Helmerich & Payne (NYSE:HP - Get Free Report) had its price target upped by analysts at Susquehanna from $40.00 to $42.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a "positive" rating on the oil and gas company's stock. Susquehanna's price objective indicates a potential upside of 16.96% from the stock's current price.

Other equities analysts also recently issued reports about the company. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Helmerich & Payne in a research note on Friday, March 27th. Royal Bank Of Canada raised their price objective on Helmerich & Payne from $34.00 to $36.00 and gave the company a "sector perform" rating in a research note on Friday, February 6th. Morgan Stanley reiterated an "underweight" rating and set a $28.00 target price on shares of Helmerich & Payne in a report on Wednesday, January 21st. Barclays increased their target price on Helmerich & Payne from $36.00 to $39.00 and gave the company an "overweight" rating in a report on Tuesday, February 10th. Finally, JPMorgan Chase & Co. upgraded Helmerich & Payne from a "neutral" rating to an "overweight" rating and increased their target price for the company from $24.00 to $34.00 in a report on Wednesday, December 10th. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $37.00.

Helmerich & Payne Price Performance

NYSE HP traded up $0.99 during mid-day trading on Tuesday, hitting $35.91. The stock had a trading volume of 48,832 shares, compared to its average volume of 1,664,508. Helmerich & Payne has a 52-week low of $14.65 and a 52-week high of $37.87. The company has a market cap of $3.59 billion, a price-to-earnings ratio of -11.28 and a beta of 0.55. The company has a 50 day simple moving average of $34.92 and a 200 day simple moving average of $29.89. The company has a quick ratio of 1.58, a current ratio of 2.03 and a debt-to-equity ratio of 0.75.

Helmerich & Payne (NYSE:HP - Get Free Report) last released its quarterly earnings data 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 negative net margin of 7.71% and a positive return on equity of 0.28%. The firm had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $990.16 million. During the same period in the previous year, the business earned $0.71 earnings per share. The business's revenue for the quarter was up 50.2% on a year-over-year basis. Equities analysts forecast that Helmerich & Payne will post 2.93 EPS for the current fiscal year.

Insider Buying and Selling

In other Helmerich & Payne news, SVP Cara M. Hair sold 58,771 shares of the stock in a transaction on 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 sale, the senior vice president owned 175,589 shares in the company, valued at approximately $6,430,069.18. This represents a 25.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.40% of the company's stock.

Institutional Investors Weigh In On Helmerich & Payne

Hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its holdings 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 worth $25,000 after purchasing an additional 1,582 shares during the last quarter. Leonteq Securities AG acquired a new stake in shares of Helmerich & Payne during the fourth quarter worth $26,000. Rothschild Investment LLC boosted its holdings 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 worth $29,000 after purchasing an additional 1,240 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings 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 worth $39,000 after purchasing an additional 554 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings 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 worth $40,000 after purchasing an additional 1,187 shares during the last quarter. Institutional investors and hedge funds own 96.05% of the company's stock.

About Helmerich & Payne

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.

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