Is Helmerich & Payne (HP) Undervalued Following High End Margin Guidance And ExxonMobil Expansion?
Helmerich & Payne (HP) is back in focus after management flagged fiscal Q4 segment margins at or near the high end of ...
Model output · Signal date 2026-10-16
Helmerich & Payne, Inc. (HP) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Total · absolute moveSwitch to Alpha · NYSE
Rating · 90D
▼ Bearish
Exact rating locked
90-day forecast
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30-day forecast
Total
Rank in coverage
Bottom 35%
of 5172 stocks scored
Rank correlation · 90D
44.0%
Spearman, 357 dates
Market Cap
$3.74B
mid-cap · #5 of 11 peers
Summary
Helmerich & Payne, Inc. (HP) stock forecast summary
Our AI ranks Helmerich & Payne, Inc. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
Helmerich & Payne, Inc. is a mid-cap company with a market capitalization of $3.74B. It ranks number 5 by market capitalization among the 11 Drilling Oil & Gas Wells issuers in our coverage with a current forecast.
For HP, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 44.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 17.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected absolute price move over the horizon, market included. This is the number a price target is built from. Ratings: strong buy ≥ +5.0%, buy ≥ +3.4%, sell < +1.8%, strong sell < +0.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
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HP price chart and AI forecast
Cross-section · 2026-10-16
How HP ranks among 5172 stocks
90D Total forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Fundamentals · 2026-06-30
Helmerich & Payne, Inc. (HP) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Drilling Oil & Gas Wells peers listed below that report each metric.
Valuation & Market
| Metric | HP | Rank |
|---|---|---|
| Market Cap | $3.74B | 5/11 |
| P/E Ratio | 287.92x | 1/6 |
| P/B Ratio | 1.45x | 5/9 |
| Dividend Yield | 2.71% | – |
| EPS | $0.13 | – |
| Book Value/Share | $25.76 | – |
| Revenue/Share | $39.98 | – |
| FCF/Share | $3.15 | – |
Profitability & Margins
| Metric | HP | Rank |
|---|---|---|
| ROIC | 1.7% | 7/9 |
| Gross Margin | 21.6% | – |
| Operating Margin | 2.3% | 7/9 |
| EBT Margin | -1.1% | 6/10 |
| Tax Rate | -206.9% | – |
The effective tax rate is outside the normal band, which points to a large non-recurring tax item in the trailing twelve months; headline net income, net margin and P/E are affected by it.
Financial Health
| Metric | HP | Rank |
|---|---|---|
| Current Ratio | 1.96x | 5/11 |
| Quick Ratio | 1.55x | 3/5 |
| D/E Ratio | 1.40x | 3/11 |
| Financial Leverage | 2.44x | 3/11 |
| Interest Coverage | 2.3x | 1/7 |
| Working Capital | $770M | 1/11 |
Cash Flow
| Metric | HP | Rank |
|---|---|---|
| Operating Cash Flow | $580M | 6/10 |
| Free Cash Flow | $315M | 3/6 |
| Capital Spending | -$264M | 2/6 |
| OCF Growth YoY | 14.8% | 6/10 |
| FCF Growth YoY | 762.7% | 1/5 |
| FCF/Sales | 7.9% | 3/6 |
| CapEx/Sales | 6.6% | 5/6 |
Operational Efficiency
| Metric | HP | Rank |
|---|---|---|
| Asset Turnover | 0.64x | 5/9 |
| Receivables Turnover | 4.6x | 9/9 |
| Inventory Turnover | 9.6x | – |
| Fixed Assets Turnover | 1.0x | 5/7 |
| Days Sales Outstanding | 79 days | 1/9 |
| Days Inventory | 38 days | – |
| Payables Period | 24 days | – |
| Cash Conversion Cycle | 93 days | – |
Income Statement
| Metric | HP | Rank |
|---|---|---|
| Total Revenue | $4.00B | 5/9 |
| Operating Income | $91M | 7/9 |
| R&D Expense | $27M | – |
| SG&A Expense | $285M | 2/5 |
| Cost of Goods Sold | $3.13B | – |
Dividend & Shareholder Information
| Metric | HP | Rank |
|---|---|---|
| Dividends Per Share | $1.01 | – |
| Payout Ratio | 776.9% | – |
| Shares Outstanding | 100M | – |
| EPS Growth | 85.7% | – |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $1.57B | 25.0% of assets |
| Cash & Short-term Investments | $204M | 3.3% of assets |
| Accounts Receivable | $869M | 13.8% of assets |
| Inventory | $326M | 5.2% of assets |
| Total Liabilities | $3.62B | 57.5% of assets |
| Short-term Debt | $593M | 9.4% of assets |
Quarterly Financial Reports
HP quarterly financials and insider trading
Industry Peers · Drilling Oil & Gas Wells
Helmerich & Payne, Inc. (HP) industry peers
Companies classified under the same SEC industry code as Helmerich & Payne, Inc. (Drilling Oil & Gas Wells): 11 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Total) | Market Cap |
|---|---|---|
| HP Helmerich & Payne, Inc. | ▼ | $3.74B |
| RIG Transocean Ltd. | ▲ | $6.28B |
| VAL Valaris Ltd | ▼ | $5.92B |
| PTEN Patterson Uti Energy Inc | ▼ | $4.39B |
| BTE Baytex Energy Corp. | ▼ | $4.07B |
| SDRL Seadrill Ltd | ▼ | $2.96B |
| BORR Borr Drilling Ltd | ▲ | $1.40B |
| HPK Highpeak Energy, Inc. | ▶ | $1.33B |
| NBR Nabors Industries Ltd | ▶ | $1.25B |
| PDS Precision Drilling Corp | ▶ | $1.11B |
| GLND Greenland Energy Co | ▼ | $136M |
Where HP sits on the market map
Energy & Transportation · Drilling Oil & Gas Wells
News
Helmerich & Payne, Inc. (HP) stock news
Helmerich & Payne vs. Noble: Which Energy Services Stock Is a Better Buy in 2026?
While some investors are pivoting toward renewable energy stocks, Helmerich & Payne remains focused on providing drilling solutions for oil and natural gas exploration. The company operates a large ...
Helmerich & Payne, Inc. Schedules Fiscal Fourth Quarter 2026 and Year End Conference Call and Webcast
Helmerich & Payne, Inc. ( NYSE: HP) will host a conference call to discuss its fiscal fourth quarter 2026 results. President and CEO Trey Adams and Senior Vice President and CFO Todd Scruggs will lead ...
FAQ
Helmerich & Payne, Inc. (HP) stock forecast FAQ
What is the Helmerich & Payne, Inc. (HP) stock forecast?
Our AI ranks Helmerich & Payne, Inc. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
How accurate are Helmerich & Payne, Inc. stock predictions?
For HP, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 44.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 17.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Helmerich & Payne, Inc. forecasts updated?
Helmerich & Payne, Inc. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are Helmerich & Payne, Inc.'s industry peers?
11 issuers in our coverage, HP included, share the SEC industry code Drilling Oil & Gas Wells. The largest are: Transocean Ltd. (RIG), Valaris Ltd (VAL), Patterson Uti Energy Inc (PTEN), Baytex Energy Corp. (BTE), Seadrill Ltd (SDRL), Borr Drilling Ltd (BORR).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.