Helmerich & Payne (NYSE:HP) Hits New 12-Month High – What’s Next?

Posted by Stanley Muller on Sep 3rd, 2026

Helmerich & Payne, Inc. (NYSE:HP – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $45.45 and last traded at $45.24, with a volume of 383975 shares changing hands. The stock had previously closed at $43.58.

Wall Street Analysts Forecast Growth

HP has been the topic of several research analyst reports. Weiss Ratings lowered Helmerich & Payne from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, August 27th. Wall Street Zen raised Helmerich & Payne from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Morgan Stanley lifted their price objective on Helmerich & Payne from $36.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, August 20th. The Goldman Sachs Group lifted their price objective on Helmerich & Payne from $35.00 to $41.00 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. Finally, Susquehanna boosted their target price on Helmerich & Payne from $40.00 to $44.00 and gave the stock a “positive” rating in a research report on Friday, August 7th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Helmerich & Payne has an average rating of “Hold” and an average target price of $41.00.

Check Out Our Latest Stock Report on HP

Helmerich & Payne Stock Performance

The company has a quick ratio of 1.55, a current ratio of 1.96 and a debt-to-equity ratio of 0.69. The stock has a fifty day moving average price of $37.18 and a two-hundred day moving average price of $36.85. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of -33.89 and a beta of 0.66.

Helmerich & Payne (NYSE:HP – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.20). Helmerich & Payne had a negative net margin of 3.43% and a negative return on equity of 2.35%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $987.70 million. During the same period in the previous year, the business earned $0.22 EPS. The firm’s revenue was down .6% on a year-over-year basis. As a group, analysts forecast that Helmerich & Payne, Inc. will post -0.18 EPS for the current fiscal year.

Insiders Place Their Bets

In other Helmerich & Payne news, Director Hans Helmerich sold 94,470 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $43.90, for a total transaction of $4,147,233.00. Following the sale, the director directly owned 20,000 shares of the company’s stock, valued at $878,000. This trade represents a 82.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Sara Marie Momper sold 5,054 shares of Helmerich & Payne stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $44.28, for a total transaction of $223,791.12. Following the sale, the chief accounting officer owned 16,958 shares of the company’s stock, valued at approximately $750,900.24. This trade represents a 22.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 110,673 shares of company stock valued at $4,864,590 in the last ninety days. Insiders own 4.40% of the company’s stock.

Institutional Trading of Helmerich & Payne

Several hedge funds and other institutional investors have recently bought and sold shares of HP. William B. Walkup & Associates Inc. raised its holdings in Helmerich & Payne by 1.0% in the 1st quarter. William B. Walkup & Associates Inc. now owns 35,241 shares of the oil and gas company’s stock valued at $1,270,000 after acquiring an additional 355 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Helmerich & Payne by 1.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 22,761 shares of the oil and gas company’s stock worth $653,000 after purchasing an additional 400 shares during the last quarter. Hantz Financial Services Inc. grew its position in shares of Helmerich & Payne by 24.3% in the fourth quarter. Hantz Financial Services Inc. now owns 2,276 shares of the oil and gas company’s stock valued at $65,000 after purchasing an additional 445 shares during the period. Cerity Partners LLC grew its position in shares of Helmerich & Payne by 2.6% in the fourth quarter. Cerity Partners LLC now owns 19,339 shares of the oil and gas company’s stock valued at $555,000 after purchasing an additional 498 shares during the period. Finally, KLCM Advisors Inc. increased its stake in Helmerich & Payne by 5.5% in the fourth quarter. KLCM Advisors Inc. now owns 10,550 shares of the oil and gas company’s stock valued at $303,000 after purchasing an additional 550 shares during the last quarter. 96.05% of the stock is owned by hedge funds and other institutional investors.

About Helmerich & Payne

(Get Free Report)

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.