Helmerich & Payne, Inc. (HP) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$39.83
Price Target
$36.86
Target Range
$32.00 — $41.00
Analyst Rating
Hold
Forward P/E—
Trailing P/E-24.0x
Forward PEG—
Implied Growth+97.4%
Median Target$37.00
Analyst Spread24.4%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$32
-19.7%
Consensus
$37
-7.5%
Bull Case
$41
+2.9%
HP Price Target Analysis
Updated May 6, 2026As of May 6, 2026, Helmerich & Payne, Inc. (HP) has a Wall Street consensus price target of $36.86, based on estimates from 43 covering analysts. With the stock currently trading at $39.83, this represents a potential downside of -7.5%. The company has a market capitalization of $3.98B.
Analyst price targets range from a low of $32.00 to a high of $41.00, representing a 24% spread in expectations. The median target of $37.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Hold, with 15 analysts rating the stock as a Buy or Strong Buy,23 rating it Hold, and 5 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, HP trades at a trailing P/E of -24.0x. Analysts expect EPS to grow +97.4% over the next year.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Energy stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside+25.1%
Avg Forward P/E21.7x
Peers with Coverage9 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 NBRNabors Industries Ltd. | $1.6B | $99.43 | $81.00 | -18.5% | Hold | — | 44 |
 PDPagerDuty, Inc. | $629M | $6.85 | $14.80 | +116.1% | Hold | 6.1x | 23 |
 PTENPatterson-UTI Energy, Inc. | $4.4B | $11.58 | $11.00 | -5.0% | Buy | — | 53 |
 OISOil States International, Inc. | $536M | $8.91 | $14.00 | +57.1% | Hold | 15.2x | 32 |
 NINENine Energy Service, Inc. | $429M | $9.90 | $18.00 | +81.8% | Hold | — | 9 |
 KLXEKLX Energy Services Holdings, Inc. | $61M | $3.43 | — | — | — | — | — |
 WTTRSelect Water Solutions, Inc. | $1.8B | $17.45 | $16.00 | -8.3% | Buy | 43.2x | 14 |
 SLBSLB N.V. | $82.8B | $55.16 | $56.95 | +3.2% | Buy | 20.6x | 66 |
 HALHalliburton Company | $33.7B | $40.40 | $37.08 | -8.2% | Buy | 17.4x | 64 |
 BKRBaker Hughes Company | $66.1B | $66.65 | $72.00 | +8.0% | Buy | 27.8x | 45 |
Upside Potential Comparison
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Start ComparisonHP — Frequently Asked Questions
Quick answers to the most common questions about buying HP stock.
What is the HP stock price target for 2026?
Wall Street's consensus price target for HP is $36.86, -7.5% from its current price of $39.83. The below-market target from 43 analysts suggests limited near-term appreciation.
Is HP a buy, sell, or hold?
HP has a consensus rating of "Hold" based on 43 Wall Street analysts. The rating breakdown is mixed, with 23 Hold ratings making up the largest segment. The consensus 12-month price target of $36.86 implies -7.5% downside from current levels.
Is HP stock overvalued or undervalued?
HP's current price is $39.83 with a consensus target of $36.86 (-7.5% implied move). Analyst estimates suggest the stock is fairly valued at current levels.
How high can HP stock go?
The most bullish Wall Street analyst has a price target of $41 for HP, while the most conservative target is $32. The consensus of $36.86 represents the median expectation. These targets typically reflect 12-month expectations.
How many analysts cover HP stock?
HP is heavily covered by Wall Street, with 43 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 15 have Buy ratings, 23 recommend Hold, and 5 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the HP stock forecast?
The 12-month HP stock forecast based on 43 Wall Street analysts shows a consensus price target of $36.86, with estimates ranging from $32 (bear case) to $41 (bull case). The median consensus rating is "Hold".
Should I buy HP stock?
Analysts are cautious on HP, with 5 Sell ratings and a price target of $36.86 (-7.5% from current price). The "Hold" consensus suggests careful evaluation before buying. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do HP price targets vary so much?
HP analyst price targets range from $32 to $41, a 24% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $36.86 consensus represents the middle ground.