Helmerich & Payne, Inc. (HP) Stock Analysis
Breakout setup
Energy · Oil & Gas Drilling
Sell if holding. Engine safety override at $40.65: Quality below floor (2.6 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.0/10. Specifically: High short interest: 12%; Below-average business quality.
Helmerich & Payne provides contract drilling services through three segments: North America Solutions (land rigs, ~63% of 2025 revenues), International Solutions (Middle East, Latin America, ~21%), and Offshore Solutions (~14%), with the KCA Deutag acquisition in January 2025... Read more
Sell if holding. Engine safety override at $40.65: Quality below floor (2.6 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.0/10. Specifically: High short interest: 12%; Below-average business quality. Chart setup: Golden cross, above all MAs, RSI 52, MACD bullish. Score 5.0/10, moderate confidence.
Passes 7/8 gates (positive momentum, clean insider activity, no SEC red flags, news boost analyst 0.80, earnings proximity 77d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.
Recent Developments — Helmerich & Payne, Inc.
Latest news
- Piper Sandler Maintains Overweight on Helmerich & Payne, Raises Price Target to $43 — benzinga May 18, 2026 positive
- Morgan Stanley Maintains Underweight on Helmerich & Payne, Raises Price Target to $39 — benzinga May 14, 2026 negative
- RBC Capital Maintains Sector Perform on Helmerich & Payne, Raises Price Target to $40 — benzinga May 8, 2026 positive
- These Analysts Increase Their Forecasts On Helmerich and Payne After Q2 Results — benzinga May 8, 2026 positive
- Barclays Maintains Overweight on Helmerich & Payne, Raises Price Target to $47 — benzinga May 8, 2026 positive
Generated 2026-05-20T21:06:21Z.
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMCustomerlargest drilling customer12%10-K Item 1: 'Revenue from drilling services performed for our largest drilling customer totaled approximately 12.0 percent ($451.3 million) and 11.0 percent ($302.6 million) of our total consolidated revenues during fiscal years 2025 and 2024'
- LOWGeographicSaudi Arabia6.9%10-K Item 1: 'Revenues generated by Saudi Arabia within the International Solutions operating segment contributed approximately 6.9 percent ($259.0 million) of our consolidated operating revenues in fiscal year 2025. All of our revenues in Saudi Arabia are from contracts with the national oil company.'
Material Events(8-K, last 90d)
- 2026-03-16Item 5.02MEDIUMJ. Kevin Vann retiring as SVP and CFO effective June 30, 2026. Todd Scruggs, VP Corporate Finance and Treasurer, appointed to succeed as SVP and CFO effective July 1, 2026. No disagreement cited.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. Full disclaimer
Rating Breakdown
2 floor-breakers
Cyclical trough — margins compressed or negative. Profitability typically recovers with the cycle, but floor fires on current data.static
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $40.65: Quality below floor (2.6 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.0/10. Specifically: High short interest: 12%; Below-average business quality. Chart setup: Golden cross, above all MAs, RSI 52, MACD bullish. Prior stop was $37.72. Score 5.0/10, moderate confidence.
Take-profit target: $40.98 (+1.0% upside). Prior stop was $37.72. Stop-loss: $37.72.
Target reached (-10.7% upside); Quality below floor (2.6 < 4.0).
Helmerich & Payne, Inc. trades at a P/E of N/A (forward 32.6). TrendMatrix value score: 6.7/10. Verdict: Sell.
25 analysts cover HP with a consensus score of 3.6/5. Average price target: $40.
What does Helmerich & Payne, Inc. do?Helmerich & Payne provides contract drilling services through three segments: North America Solutions (land rigs, ~63%...
Helmerich & Payne provides contract drilling services through three segments: North America Solutions (land rigs, ~63% of 2025 revenues), International Solutions (Middle East, Latin America, ~21%), and Offshore Solutions (~14%), with the KCA Deutag acquisition in January 2025 significantly expanding its global footprint. Revenue is earned through dayrate drilling contracts. The largest consolidated drilling customer was ~12% of total revenues; the largest International Solutions customer was 32.3% of that segment.