Helmerich & Payne, Inc.

NYSE:HP Stock Report

Market Cap: US$2.3b

Helmerich & Payne Valuation

Is HP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

US$49.45
Fair Value
53.4% undervalued intrinsic discount
15
Number of Analysts

Below Fair Value: HP ($23.05) is trading below our estimate of fair value ($49.45)

Significantly Below Fair Value: HP is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HP?

Key metric: As HP is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for HP. This is calculated by dividing HP's market cap by their current revenue.
What is HP's PS Ratio?
PS Ratio0.7x
SalesUS$3.43b
Market CapUS$2.29b

Price to Sales Ratio vs Peers

How does HP's PS Ratio compare to its peers?

The above table shows the PS ratio for HP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.1x
SDRL Seadrill
1.5x7.47%US$2.0b
RIG Transocean
0.9x-0.81%US$3.6b
PTEN Patterson-UTI Energy
0.4x-1.98%US$2.1b
VAL Valaris
1.5x0.47%US$3.7b
HP Helmerich & Payne
0.7x2.36%US$2.3b

Price-To-Sales vs Peers: HP is good value based on its Price-To-Sales Ratio (0.7x) compared to the peer average (1.1x).

Price to Sales Ratio vs Industry

How does HP's PS Ratio compare vs other companies in the US Energy Services Industry?

8 CompaniesPrice / SalesEstimated GrowthMarket Cap
KLXE KLX Energy Services Holdings
0.05x-2.25%US$35.32m
NINE Nine Energy Service
0.05xn/aUS$28.26m
ICDI.Q Independence Contract Drilling
0.002xn/aUS$414.67k
CELP.Q Cypress Environmental Partners
0.003xn/aUS$370.83k
HP 0.7xIndustry Avg. 0.9xNo. of Companies9PS00.61.21.82.43+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: HP is good value based on its Price-To-Sales Ratio (0.7x) compared to the US Energy Services industry average (0.9x).

Price to Sales Ratio vs Fair Ratio

What is HP's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HP PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.7x
Fair PS Ratio0.9x

Price-To-Sales vs Fair Ratio: HP is good value based on its Price-To-Sales Ratio (0.7x) compared to the estimated Fair Price-To-Sales Ratio (0.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst HP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$23.05
US$22.07
-4.27%
14.18%US$27.00US$17.00n/a15
Sep ’26US$20.89
US$21.31
+2.02%
13.95%US$27.00US$17.00n/a16
Aug ’26US$15.66
US$21.38
+36.49%
15.68%US$27.00US$17.00n/a16
Jul ’26US$15.92
US$21.60
+35.68%
15.84%US$27.00US$17.00n/a15
Jun ’26US$15.25
US$24.27
+59.13%
20.27%US$37.00US$17.00n/a15
May ’26US$19.64
US$29.53
+50.37%
14.62%US$39.00US$24.00n/a15
Apr ’26US$26.50
US$34.40
+29.81%
14.47%US$43.00US$24.00n/a15
Mar ’26US$26.51
US$36.77
+38.70%
15.35%US$47.00US$24.00n/a13
Feb ’26US$31.59
US$40.64
+28.66%
8.09%US$47.00US$35.00n/a14
Jan ’26US$32.02
US$40.93
+27.82%
11.44%US$50.00US$33.00n/a14
Dec ’25US$34.63
US$41.00
+18.39%
11.66%US$50.00US$33.00n/a14
Nov ’25US$32.93
US$41.79
+26.89%
12.21%US$50.00US$33.00n/a14
Oct ’25US$31.58
US$43.47
+37.64%
11.70%US$50.00US$33.00US$23.1115
Sep ’25US$32.63
US$44.67
+36.89%
9.90%US$50.00US$34.00US$20.8915
Aug ’25US$38.52
US$44.81
+16.34%
10.26%US$53.00US$36.00US$15.6616
Jul ’25US$35.74
US$44.74
+25.17%
8.66%US$50.00US$37.00US$15.9217
Jun ’25US$38.06
US$45.26
+18.93%
7.88%US$50.00US$38.00US$15.2517
May ’25US$38.21
US$46.06
+20.54%
7.68%US$53.00US$38.00US$19.6417
Apr ’25US$42.23
US$44.82
+6.14%
9.75%US$53.00US$36.00US$26.5017
Mar ’25US$38.99
US$44.65
+14.51%
10.67%US$53.00US$33.00US$26.5117
Feb ’25US$39.30
US$44.33
+12.81%
11.53%US$53.00US$33.00US$31.5918
Jan ’25US$36.22
US$46.26
+27.73%
9.48%US$55.00US$37.00US$32.0219
Dec ’24US$36.54
US$46.79
+28.05%
9.21%US$55.00US$37.00US$34.6319
Nov ’24US$39.28
US$47.68
+21.40%
9.33%US$55.00US$37.00US$32.9319
Oct ’24US$42.16
US$46.84
+11.11%
11.55%US$55.00US$37.00US$31.5819
US$22.07
Fair Value
4.5% overvalued intrinsic discount
15
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/06 16:19
End of Day Share Price 2025/10/03 00:00
Earnings2025/06/30
Annual Earnings2024/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Helmerich & Payne, Inc. is covered by 56 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
William SeleskyArgus Research Company
Sungeun KimBarclays
James WestBarclays