RBC Capital's analyst, Keith Mackey, has revised the price target for Helmerich & Payne (HP, Financial) from $35 to $29. This adjustment is part of a broader evaluation of the Oil & Gas Equipment & Services sector. In the recent weeks, stocks within this group have experienced significant sell-offs due to looming tariff issues and macroeconomic uncertainties.
Previously, the firm had forecasted a moderate recovery for the sector by 2026. However, the likelihood of this recovery now seems diminished, according to Mackey's latest analysis. As a result, RBC Capital is adopting a more defensive investment strategy. The focus is shifting towards companies with strong backlog coverage, those involved in natural gas-directed activities, those demonstrating free cash flow differentiation, and those with minimal balance sheet leverage.
Helmerich & Payne's revised outlook reflects these broader sector challenges and shifting investment priorities. Investors are now being advised to take note of these dynamics as they assess their portfolios.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for Helmerich & Payne Inc (HP, Financial) is $31.50 with a high estimate of $39.00 and a low estimate of $24.00. The average target implies an upside of 60.31% from the current price of $19.65. More detailed estimate data can be found on the Helmerich & Payne Inc (HP) Forecast page.
Based on the consensus recommendation from 18 brokerage firms, Helmerich & Payne Inc's (HP, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Helmerich & Payne Inc (HP, Financial) in one year is $58.17, suggesting a upside of 196.03% from the current price of $19.65. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Helmerich & Payne Inc (HP) Summary page.
