Helmerich & Payne (HP)
Contracts drilling rigs, crews, automation, and offshore management to oil and gas producers.
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Provides contract drilling rigs, crews, and automation to oil and gas producers in North American and international land markets, plus offshore platform-rig management and BENTEC equipment engineering. Revenue depends chiefly on rig activity, dayrates, and customer capital spending.
Provides contract land drilling rigs, crews, and technology to oil and gas producers through North America Solutions and International Solutions. The FlexRig fleet and automation software support horizontal and directional well execution, while BENTEC designs, manufactures, upgrades, and services drilling equipment.
Offshore Solutions supplies platform-rig equipment and crews and manages customer-owned rigs in U.S. federal waters and markets including the North Sea and Caspian Sea. North America remains the largest business, while the KCA Deutag acquisition added substantial Middle Eastern and other international land operations.
Uses a standardized fleet, remote monitoring, and automation to reduce drilling variability and nonproductive time. Results depend on producer capital spending, rig utilization, dayrates, and reliable field execution; fixed costs do not fall in step with idle capacity, and customer contracts can permit early termination or suspension.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 10, 2026 | RBC Capital | Reiterate | Rating: —Target: $34 | Target: $49 |
| Aug 20, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $36 | Target: $41 |
| Aug 10, 2026 | Barclays | Reiterate | Rating: —Target: $39 | Target: $50 |
| Jul 15, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $39 | Target: $36 |
| Jun 3, 2026 | Goldman Sachs | Target | Target: $32 | Target: $41 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $231.4M · Total debt $1.86B · Total assets $6.29B · Shareholders' equity $2.57B
- Revenue
- $1.03B
- Operating income
- $188.2M
- Net income
- $75.7M
HistoryDividendAnnual yieldUpcoming
| Institutions | ≈ 104.73% | 104.65M shares | |
|---|---|---|---|
| 384 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 3.10% | 3.10M shares | |
| 15 holders · as of Sep 2, 2026 | |||
| Adds to | 107.83% | ||
99.93M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 107.83%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 15.69% | 15.68M | as of Jun 30, 2026 |
State Farm Mutual Automobile Insurance CoInstitution | 7.85% | 7.84M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 6.18% | 6.18M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 5.91% | 5.91M | as of Jun 30, 2026 |
Capital World InvestorsInstitution | 5.86% | 5.86M | filed Feb 14, 2020 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 1, 2026 | Michael Lennox | officer: EVP, WESTERN HEMISPHERE LAND | −10,000 | $45.00 |
| Aug 20, 2026 | Hans Helmerich | director | −94,470 | $43.90 |
| Aug 14, 2026 | Sara Marie Momper | officer: VP, CAO | −5,054 | $44.28 |
| Aug 17, 2026 | Cara M. Hair | officer: SVP, CORP. SERVICES & CLO | −11,149 | $44.27 |
| Aug 10, 2026 | Michael Lennox | officer: EVP, WESTERN HEMISPHERE LAND | −5,000 | $40.00 |
- Patterson-UTI Energy
Major U.S. super-spec land-drilling rival
- Nabors Industries
Broad overlap in U.S., international, offshore, and rig tech
- Precision Drilling
North American and Middle East land-drilling peer
- Element Solutions
Smaller but relevant U.S. and Canadian drilling competitor
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Helmerich & Payne | $39.78 | −0.03% | $3.98B | — | 30.6 | 1.0 | −0.6% |
| Patterson-UTI Energy | $11.21 | +0.62% | $4.23B | — | 63.8 | 0.9 | +0.7% |
| Nabors Industries | $83.41 | −0.01% | $1.23B | 6.2 | 40.3 | 0.4 | −2.2% |
| Precision Drilling | $84.10 | +0.92% | $1.07B | — | 12.6 | 0.8 | +6.8% |
| Element Solutions | $35.83 | +1.82% | $8.58B | 47.9 | 18.4 | 2.7 | +56.4% |
| Median | 27.0 | 29.3 | 0.8 | +3.8% |