Argus Research Maintains Hold Rating on Helmerich & Payne, Analyst Consensus Predicts 12.86% Upside

Argus Research has reaffirmed their Hold rating on Helmerich & Payne, with a price target of $20.89. The analyst consensus is also a Hold, with a 12.86% upside potential. The company's market cap is $1.87B, and its P/E ratio is -56.69. Insider sentiment is negative, with an increase in insiders selling their shares over the past quarter.

Argus Research has reaffirmed their Hold rating on Helmerich & Payne (NYSE: HP), setting a new price target of $20.89. The analyst consensus also remains a Hold, with a 12.86% upside potential [1]. The company's market capitalization stands at $1.87 billion, with a P/E ratio of -56.69. Insider sentiment has turned negative, as there has been an increase in insider selling over the past quarter.

Helmerich & Payne, a leading provider of oilfield services, reported earnings of $0.22 per share for the quarter, exceeding analyst expectations of $0.20. Revenue for the quarter was $1.04 billion, up 49.2% year-over-year. The company's debt-to-equity ratio is 0.76, and its quick and current ratios are 1.43 and 1.84, respectively [1].

Recent analyst reports have shown mixed reactions to the stock. TD Cowen raised its price target to $27.00, while Barclays and Citigroup reduced their targets to $17.00 and $17.00, respectively. Piper Sandler increased their target to $21.00, and Susquehanna lowered it to $23.00. Goldman Sachs dropped their target to $17.00 and assigned a sell rating [1].

Institutional investors have been active in the stock. Dimensional Fund Advisors LP, Victory Capital Management Inc., Earnest Partners LLC, American Century Companies Inc., and Invesco Ltd. have increased their holdings in the past quarter, with Dimensional Fund Advisors LP owning 5,483,028 shares and Invesco Ltd. holding 2,959,928 shares [1].

Helmerich & Payne recently declared a quarterly dividend of $0.25 per share, payable on August 29th, representing a $1.00 annualized dividend and a 5.3% yield. The company's dividend payout ratio is -303.03% [1].

References:
[1] https://www.marketbeat.com/instant-alerts/helmerich-payne-nysehp-price-target-raised-to-2700-2025-08-19/