Helmerich & Payne, Inc. (HP) Stock Analysis
Energy · Oil & Gas Drilling
Sell if holding. Engine safety override at $37.23: Quality below floor (2.6 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.1/10. 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 $37.23: Quality below floor (2.6 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.1/10. Specifically: High short interest: 12%; Below-average business quality. Chart setup: No clear chart pattern; technical signals are mixed. Score 5.1/10, moderate confidence.
Passes 5/8 gates (clean insider activity, news events none recent, earnings proximity 51d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: aggressive.
About Helmerich & Payne, Inc.
About Helmerich & Payne, Inc.
Helmerich & Payne generated roughly $3.8 billion in consolidated operating revenues in fiscal year 2025, with North America Solutions contributing $2.4 billion (63%), International Solutions $802 million (21%), and Offshore Solutions $520 million (14%). The company closed its $2.0 billion KCA Deutag acquisition on January 16, 2025, expanding international rig availability from 27 to 137 and adding operations across the Middle East, South America, Europe, and Africa; active rigs totaled 208 at September 30, 2025.
H&P earns dayrate revenue through fixed-term and well-to-well contracts with major integrated oil companies, large and small independents, and private equity-backed operators. North America Solutions held about 24% of U.S. land drilling market share and 33.7% of the super-spec market at September 30, 2025, with 144 of 223 marketed rigs active. The largest consolidated drilling customer contributed 12.0% of total revenues ($451.3 million) in fiscal 2025. International operations are concentrated in Saudi Arabia ($259.0 million, 6.9% of total revenues — all from the national oil company), Oman ($177.9 million, 4.7%), and Argentina ($155.7 million, 4.2%). Competitors in U.S. land drilling include Nabors Industries Ltd., Patterson-UTI Energy, Inc., and Precision Drilling Corporation.
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The Saudi Arabia rig portfolio illustrates integration risk from the KCA Deutag acquisition: all 44 available rigs are contracted with the national oil company, yet 27 were under contract suspension at September 30, 2025 and earning no revenue. The suspensions followed notifications received after the acquisition announcement in July 2024. If suspensions persist, the segment generating 6.9% of consolidated revenues could continue to underperform; the 10-K notes no assurance that anticipated benefits from the $2.0 billion acquisition will materialize on the expected timeline.
See also: Energy · Oil & Gas Drilling
From Helmerich & Payne, Inc.'s most recent 10-K filing, extracted June 10, 2026.
Recent developments
updated 2026-06-15Recent Developments — Helmerich & Payne, Inc.
Latest news
- NEWS Wall Street's Most Accurate Analysts Weigh In On 3 Tech Stocks With Over 3% Dividend Yields — benzinga Jun 16, 2026 neutral
- NEWS Goldman Sachs Maintains Neutral on Helmerich & Payne, Raises Price Target to $41 — benzinga Jun 4, 2026 positive
- NEWS Steve Wozniak Says He Cofounded Apple After 5 Rejections From HP — Not To Get Rich, But To Hear One Word: 'Whoa' — benzinga May 24, 2026 negative
- NEWS Piper Sandler Maintains Overweight on Helmerich & Payne, Raises Price Target to $43 — benzinga May 18, 2026 positive
- NEWS Morgan Stanley Maintains Underweight on Helmerich & Payne, Raises Price Target to $39 — benzinga May 14, 2026 negative
Generated 2026-06-17T08:56:48Z.
Upcoming dated catalysts
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.
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Rating Breakdown
3 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
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $37.23: Quality below floor (2.6 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.1/10. Specifically: High short interest: 12%; Below-average business quality. Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $35.84. Score 5.1/10, moderate confidence.
Take-profit target: $40.98 (+10.2% upside). Prior stop was $35.84. Stop-loss: $35.84.
Target reached (-0.3% upside); Quality below floor (2.6 < 4.0).
Helmerich & Payne, Inc. trades at a P/E of N/A (forward 28.4). TrendMatrix value score: 7.1/10. Verdict: Sell.
25 analysts cover HP with a consensus score of 3.6/5. Average price target: $41.
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.