HP stock gained 4.07 percent on October 5 as target rose to USD 50

Published on 10/06/2026 at 14:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HP stock was last at USD 40.13 on October 5, 2026, after Susquehanna lifted its target to USD 50 from USD 44. Fiscal Q3 revenue reached USD 1.035 billion.

HP, US4234521015, Illustration mit AI erstellt.

HP stock (ISIN US4234521015) was last at USD 40.13 on the NYSE on October 5, 2026, up 4.07 percent from the prior close. The immediate catalyst was Susquehanna's increase in its price target to USD 50 from USD 44, reported by Markets Insider on October 5, 2026.

Susquehanna lifts the target

The new target stands USD 9.87 above the October 5 reference price, a gap of 24.6 percent. Susquehanna kept a Positive rating and linked its view to expected upstream spending growth in 2027, while also pointing to elevated but volatile crude prices, according to Markets Insider.

The move adds to a wider analyst reset. Investing.com reported on October 2, 2026, that UBS resumed coverage with a Buy rating and a USD 49 price target, while its fiscal 2028 EBITDA estimate stood 6 percent above consensus.

Revenue beat meets an earnings miss

Helmerich & Payne's fiscal third quarter ended June 30, 2026, with consolidated revenue of USD 1.035 billion and net income of USD 76 million, or USD 0.74 per diluted share. The company also posted adjusted EBITDA of USD 236 million, according to the company's investor-relations release dated August 5, 2026, available from Helmerich and Payne.

The headline earnings quality was weaker than the GAAP result suggests. Adjusted EPS was a loss of USD 0.11, compared with a consensus profit of USD 0.05, while revenue exceeded the USD 981 million estimate, according to Investing.com. For investors, the split between operating demand and bottom-line performance is the key test for the next report.

Stock remains below its yearly high

At USD 40.13, the stock stood USD 8.04 below its 52-week high of USD 48.17 and USD 18.40 above its 52-week low of USD 21.73, both as of October 5, 2026. Trading volume reached 1,213,677 shares, while market capitalization was USD 4.0 billion.

HP's next scheduled earnings date is November 16, 2026. Until then, the valuation case rests on whether stronger drilling activity can convert into adjusted earnings rather than only higher revenue.