Helmerich & Payne, Inc.

NYSE:HP Stock Report

Market Cap: US$4.5b

Helmerich & Payne Future Growth

Future criteria checks 3/6

Helmerich & Payne is forecast to grow earnings and revenue by 110.2% and 3.4% per annum respectively. EPS is expected to grow by 112.2% per annum. Return on equity is forecast to be 7.1% in 3 years.

Key information

110.2%

Earnings growth rate

112.17%

EPS growth rate

Energy Services earnings growth22.6%
Revenue growth rate3.4%
Future return on equity7.10%
Analyst coverage

Good

Last updated10 Sep 2026

Recent future growth updates

Analysis Article • May 11

Earnings Update: Helmerich & Payne, Inc. (NYSE:HP) Just Reported Its Second-Quarter Results And Analysts Are Updating Their Forecasts

Last week, you might have seen that Helmerich & Payne, Inc. ( NYSE:HP ) released its quarterly result to the market...

Recent updates

Narrative Update • Sep 09

HP: Long-Dated Australia Contract Will Limit Upside As Margins Soften

Analysts have raised their price target for Helmerich & Payne from $33.50 to $35.72, citing updated assumptions related to potential revenue trends, profit margins and a slightly higher P/E multiple. What’s in the News for Helmerich & Payne Helmerich & Payne has completed a long running share repurchase program, buying back 15,313,775 shares, which is 14.55% of its outstanding stock, for a total of $550.5 million under the buyback announced on February 14, 2002.
Seeking Alpha • Sep 01

Helmerich & Payne: A Real Recovery The Market Hasn't Confirmed Yet

Summary Helmerich & Payne is at a critical inflection point following its $1.97B KCA Deutag acquisition and subsequent operational recovery. HP's Q3 FY2026 showed accelerating North America margins, narrowing international losses, and strong free cash flow, despite adjusted EPS remaining negative. The stock is testing $42.60, a technical ceiling since 2022; a close above this, coupled with international profitability or improved credit metrics, is key for confirmation. Risks remain: international losses, customer concentration, an unresolved S&P downgrade, and recent leadership transitions; HP is best viewed as a hold pending further evidence. Read the full article on Seeking Alpha
Narrative Update • Aug 25

HP: Index Adds And Buybacks Will Support Measured Long-Term Upside

Analysts have lifted their price target for Helmerich & Payne to $43.20 from $41.47, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E that together point to a slightly higher assessment of the stock. What's in the News Helmerich & Payne has completed a share repurchase program originally announced on February 14, 2002, buying back 15,313,775 shares in total, which represents 14.55% of the company for US$550.5 million.
Narrative Update • Aug 11

HP: Geothermal And Energy Security Contracts Will Support Future Upside

Analysts have lifted the Helmerich & Payne fair value estimate from $47 to $50 as they factor in a higher projected profit margin along with a lower assumed future P/E multiple in their updated models. What’s in the News for Helmerich & Payne Helmerich & Payne reported Q2 CY2026 revenue of US$1.03b, which was flat year on year, with GAAP profit of US$0.74 per share and an adjusted EBITDA margin of 22.8% that came in above analysts’ consensus estimates.
Narrative Update • Jul 08

HP: Q1 Setback And Dividend Plans Will Support Future Upside Potential

Analysts have raised their price target for Helmerich & Payne from $38.40 to approximately $41.47, citing updated assumptions for revenue growth, profit margins, the discount rate and future P/E levels. What’s in the News for Helmerich & Payne Helmerich & Payne reported first quarter revenue of $932.4 million, an 8.2% year over year decline that missed analyst expectations by 1.9%, with earnings per share and EBITDA also below estimates, according to recent earnings coverage.
Narrative Update • Jun 24

HP: Future Returns Will Reflect Oil Volatility And Balanced Risk Reward

Analysts have lifted their fair value estimate for Helmerich & Payne stock from about $31.83 to roughly $33.50. They point to slightly lower required returns and modestly stronger projected profitability as key drivers of the new price target.
Narrative Update • Jun 05

HP: Geothermal Collaboration And Leadership Transition Will Support Future Upside

Analysts have raised their price target for Helmerich & Payne from $44.00 to $47.00. They cite updated assumptions about revenue growth, profit margins, discount rate, and future P/E that they believe now better reflect current expectations.
Narrative Update • May 20

HP: CEO And CFO Transitions Will Limit Long Term Upside

Analysts now see Helmerich & Payne's fair value at about $31.83, up from $30.00. This reflects slightly adjusted assumptions on discount rate, revenue trends, profit margins and future P/E expectations.
Analysis Article • May 11

Earnings Update: Helmerich & Payne, Inc. (NYSE:HP) Just Reported Its Second-Quarter Results And Analysts Are Updating Their Forecasts

Last week, you might have seen that Helmerich & Payne, Inc. ( NYSE:HP ) released its quarterly result to the market...
Narrative Update • May 01

HP: New Leadership And Dividend Plans Will Support Fairly Valued Shares

Analysts have nudged their price target for Helmerich & Payne slightly higher to about $38.40, reflecting updated views on discount rates, revenue growth, profit margins, and the future P/E assumption. What's in the News Trey Adams was appointed President and Chief Executive Officer on March 4, 2026.
Narrative Update • Apr 15

HP: Leadership Transition And Capital Returns Will Support Fairly Valued Shares

Analysts have raised their price target on Helmerich & Payne to roughly align with a fair value estimate of about $38.33, up from about $30.27. They cite an updated view that combines slightly lower assumed revenue growth with a higher profit margin and a modestly higher future P/E multiple.
Narrative Update • Apr 01

HP: Leadership Changes And Capital Returns Will Support Future Upside

Analysts now see fair value for Helmerich & Payne at about $44.00 per share. This modest adjustment reflects slightly higher assumed profit margins, along with a small tweak to the discount rate and future P/E expectations.
Narrative Update • Mar 18

HP: Leadership Transition And Capital Returns Will Support Future Upside

Analysts have adjusted their price target on Helmerich & Payne from roughly $36 to about $44 as they factor in updated assumptions for fair value, discount rate, revenue growth, profit margins, and a higher future P/E, which together suggest a different balance of risk and reward for shareholders. What's in the News Helmerich & Payne announced that Senior Vice President and Chief Financial Officer Kevin Vann will retire from his role effective June 30, 2026, and will continue as a senior advisor through December 31, 2026, to support the transition.
Narrative Update • Mar 04

HP: CEO Transition And Higher Assumed P/E Will Restrain Future Upside

Analysts have lifted their price target on Helmerich & Payne from about $25.59 to $30.00, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E that modestly adjust their outlook for the shares. What's in the News CEO John Lindsay plans to retire following the Annual Meeting of Stockholders on March 4, 2026, with President Raymond John “Trey” Adams set to become CEO and stand for election to the Board at that meeting.
Narrative Update • Feb 18

HP: CEO Transition And Weaker Long Term Revenue Outlook Will Limit Upside

Analysts have lifted their fair value estimate for Helmerich & Payne from about $23.33 to roughly $25.59, citing expectations for stronger profit margins and a lower future P/E, which they note would offset softer assumed revenue growth. What's in the News CEO John Lindsay plans to retire after the March 4, 2026 Annual Meeting, with current President Raymond John “Trey” Adams set to become CEO and stand for election to the Board at that meeting, while Lindsay stays on as senior advisor through December 2026 (Key Developments).
Narrative Update • Feb 03

HP: Future Saudi Rig Restart And CEO Transition Will Restrain Upside

Analysts have lifted their fair value estimate for Helmerich & Payne from about US$17.00 to roughly US$23.33, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. What's in the News CEO John Lindsay plans to retire after the March 4, 2026 Annual Meeting, with current President Raymond John "Trey" Adams set to take over as CEO and stand for election to the Board.
Narrative Update • Jan 20

HP: Saudi Rig Reactivations And Leadership Transition Will Support Future Upside

Narrative Update Analysts kept their fair value estimate for Helmerich & Payne steady at US$36.00. They cited updated assumptions around a slightly lower discount rate, modestly higher revenue growth and profit margin expectations, and a reduced future P/E outlook that collectively support this unchanged target.
Narrative Update • Jan 06

HP: Saudi Rig Reactivations And Leadership Transition Will Support Fairly Valued Shares

Analysts have lifted their price target for Helmerich & Payne from about US$27.20 to roughly US$30.27, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E as the key drivers of the change. What's in the News CEO John Lindsay plans to retire after the March 4, 2026 Annual Meeting.
Narrative Update • Dec 17

HP: Middle East Rig Ramp And Leadership Transition Will Support Upside

Analysts have raised their fair value estimate for Helmerich & Payne from approximately 27 dollars per share to about 36 dollars per share, citing a lower perceived risk profile from a reduced discount rate and expectations for stronger profitability despite slightly tempered revenue growth assumptions. What's in the News CEO John Lindsay will retire following the March 4, 2026 Annual Meeting, with current President Raymond John Trey Adams slated to assume the CEO role and join the Board.
Analysis Article • Dec 14

Helmerich & Payne (NYSE:HP) Is Due To Pay A Dividend Of $0.25

Helmerich & Payne, Inc. ( NYSE:HP ) will pay a dividend of $0.25 on the 27th of February. This makes the dividend yield...
Narrative Update • Dec 03

HP: Saudi Rig Reactivations Will Offset Margin Pressure And Support Shares

Analysts have raised their price target on Helmerich & Payne from approximately $24.00 to about $27.20, citing expectations for stronger top line growth and a higher future earnings multiple, even though projected profit margins are slightly lower. What's in the News Notice received to recommence operations on seven suspended land rigs in Saudi Arabia, with staged reactivations planned through the first half of 2026 (Key Developments) Suspension days for each Saudi rig will be added to its remaining contract term, extending contracted backlog in the region (Key Developments) H&P expects to operate 24 rigs in Saudi Arabia by mid 2026, including eight proprietary FlexRigs and 16 rigs from the KCA Deutag acquisition, highlighting its growing Eastern Hemisphere footprint (Key Developments) Board meeting scheduled for September 9, 2025, to consider declaring a quarterly cash dividend of $0.25 per share, payable December 2, 2025, to shareholders of record on November 18, 2025 (Key Developments) Valuation Changes The Fair Value estimate has risen moderately from approximately $24.00 to about $27.20, reflecting a higher intrinsic valuation per share.
Narrative Update • Nov 19

HP: Extended Revenue Slowdown Will Pressure Shares Despite Market Expansion

Analysts have lowered their price target for Helmerich & Payne from $26.60 to $24.00. They cited slower expected revenue growth and a reduced fair value calculation, despite marginal improvements in both profit margin and projected price-to-earnings ratio.
Analysis Article • Nov 12

Helmerich & Payne, Inc. (NYSE:HP) Looks Just Right With A 27% Price Jump

Helmerich & Payne, Inc. ( NYSE:HP ) shares have continued their recent momentum with a 27% gain in the last month...
Narrative Update • Nov 05

HP: Fair Value Seen Amid Buyback Completion and Dividend Outlook Update

Narrative Update on Helmerich & Payne Analysts have raised their price target for Helmerich & Payne from $23.80 to $26.60. They cite improved valuation estimates, supported by a lower discount rate and a slightly higher expected future price-to-earnings ratio.
Narrative Update • Oct 22

Analysts Raise Helmerich and Payne Price Target as Profit Margins Improve and Buyback Program Ends

Analysts have raised their price target for Helmerich & Payne from $22.47 to $23.80 per share, citing slight improvements in projected profit margins and a marginally reduced discount rate in their valuation models. What's in the News The Board of Directors has scheduled a meeting on September 9, 2025, to declare a quarterly cash dividend of $0.25 per share.
Narrative Update • Oct 08

Digital Operations And Global Expansion Will Forge Future Success

Analysts have raised their price target for Helmerich & Payne from $21.31 to $22.47, citing modest improvements in projected revenue growth and a lower discount rate, despite slightly lower profit margin expectations. What's in the News The board of Helmerich & Payne approved a quarterly cash dividend of $0.25 per share.
Analysis Article • Oct 07

Helmerich & Payne (NYSE:HP) Is Paying Out A Dividend Of $0.25

Helmerich & Payne, Inc.'s ( NYSE:HP ) investors are due to receive a payment of $0.25 per share on 2nd of December...
Analysis Article • Sep 13

Helmerich & Payne (NYSE:HP) Is Paying Out A Dividend Of $0.25

Helmerich & Payne, Inc. ( NYSE:HP ) has announced that it will pay a dividend of $0.25 per share on the 2nd of...
Analysis Article • Aug 06

These 4 Measures Indicate That Helmerich & Payne (NYSE:HP) Is Using Debt Extensively

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Jul 16

Helmerich & Payne, Inc. (NYSE:HP) Looks Inexpensive But Perhaps Not Attractive Enough

When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") above 19x, you may...
Analysis Article • Jun 25

Helmerich & Payne (NYSE:HP) Is Experiencing Growth In Returns On Capital

What trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...
Analysis Article • Apr 09

Helmerich & Payne, Inc. (NYSE:HP) Looks Inexpensive After Falling 26% But Perhaps Not Attractive Enough

Unfortunately for some shareholders, the Helmerich & Payne, Inc. ( NYSE:HP ) share price has dived 26% in the last...
Analysis Article • Mar 27

Is Helmerich & Payne (NYSE:HP) Using Too Much Debt?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Seeking Alpha • Mar 13

Helmerich & Payne: Transformative Acquisition Isn't Priced In

Summary Helmerich & Payne's stock has dropped over 30%, now presenting a potential buying opportunity. The transformative acquisition of KCA Deutag enhances international growth, scale, and cash flow, yet the market hasn't priced in these benefits. Despite short-term headwinds and a credit rating downgrade, the company's efficient, high-tech rigs and resilient margins signal long-term profitability. I rate Helmerich & Payne a buy with a $35 price target, considering their cost and technological leadership and potential industry rebound. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NYSE:HP - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
9/30/20284,4351784668486
9/30/20274,31313242975012
9/30/20264,050-6634255411
6/30/20263,996-139315580N/A
3/31/20264,002-377256548N/A
12/31/20254,086-316180567N/A
9/30/20253,746-165117543N/A
6/30/20253,428-3337505N/A
3/31/20253,08521875581N/A
12/31/20242,757300203668N/A
9/30/20242,757339190685N/A
6/30/20242,722342228731N/A
3/31/20242,749348357826N/A
12/31/20232,830426387823N/A
9/30/20232,872428438834N/A
6/30/20232,844397375736N/A
3/31/20232,670320202541N/A
12/31/20222,369153102423N/A
9/30/20222,0595-39234N/A
6/30/20221,771-119-63163N/A
3/31/20221,553-194-7097N/A
12/31/20211,382-31236152N/A
9/30/20211,219-32754136N/A
6/30/20211,083-320113182N/A
3/31/20211,068-309288365N/A
12/31/20201,406-607299407N/A
9/30/20201,774-499398539N/A
6/30/20202,215-397467643N/A
3/31/20202,585-506N/A679N/A
12/31/20192,673-13N/A758N/A
9/30/20192,798-36N/A856N/A
6/30/20192,846-75N/A846N/A
3/31/20192,80772N/A759N/A
12/31/20182,664-1N/A688N/A
9/30/20182,487489N/A558N/A
6/30/20182,323464N/A493N/A
3/31/20182,173449N/A419N/A
12/31/20172,001402N/A367N/A
9/30/20171,805-130N/A371N/A
6/30/20171,604-181N/A378N/A
3/31/20171,472-179N/A411N/A
12/31/20161,505-105N/A520N/A
9/30/20161,624-55N/A755N/A
6/30/20161,846-8N/A892N/A
3/31/20162,141104N/A1,105N/A
12/31/20152,589232N/A1,343N/A
9/30/20153,162418N/A1,429N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: HP is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (3.7%).

Earnings vs Market: HP is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: HP is expected to become profitable in the next 3 years.

Revenue vs Market: HP's revenue (3.4% per year) is forecast to grow slower than the US market (13.5% per year).

High Growth Revenue: HP's revenue (3.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: HP's Return on Equity is forecast to be low in 3 years time (7.1%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/11 21:36
End of Day Share Price 2026/09/11 00:00
Earnings2026/06/30
Annual Earnings2025/09/30

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 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 43 analysts. 12 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