Helmerich & Payne stock fell 1.30 percent after target raise

Published on 10/07/2026 at 04:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Helmerich & Payne stock followed a USD 50 Susquehanna target on October 5, 2026. Fiscal Q3 revenue reached USD 1.035 billion, but adjusted EPS missed estimates.

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Helmerich & Payne stock (ISIN US4234521015) was last at USD 39.61 on the NYSE on October 6, 2026, down 1.30 percent from the prior close. The immediate investor catalyst was Susquehanna's decision to raise its price target from USD 44 to USD 50 on October 5, 2026, while keeping a Positive rating.

Susquehanna lifts its target

According to Markets Insider on October 5, 2026, Susquehanna cited a favorable oilfield-services backdrop and potential upstream spending growth in 2027. The new target sits USD 10 above the old target, a 22.7 percent increase.

UBS also resumed coverage with a Buy rating and a USD 49 target on October 2, 2026, according to Investing.com. That report linked the view to improving North American margins, expected Saudi recovery and growth in Argentina's Vaca Muerta region.

Q3 revenue beats estimates

Helmerich & Payne's fiscal third-quarter 2026 revenue was USD 1.035 billion, according to StockTitan in the August 5, 2026 filing summary. The company also reported USD 236 million of adjusted EBITDA and USD 76 million of net income attributable to the company.

The quarter contained a clear earnings split: adjusted EPS was a loss of USD 0.11, against a consensus profit of USD 0.05, while revenue exceeded the USD 981 million estimate. North America Solutions generated USD 241 million of direct margin from an average 142 active rigs.

Targets remain above the share price

Investing.com lists a Buy consensus from 17 analysts, with an average 12-month target of USD 44.75, a high of USD 50 and a low of USD 32. The average target is 13.0 percent above the October 6 price of USD 39.61.

The operating outlook is more constructive than the adjusted earnings line. Fourth-quarter guidance calls for 145 to 151 North America rigs and USD 245 million to USD 255 million of direct margin, while fiscal 2026 gross capital expenditures are projected at USD 270 million to USD 310 million.

HP stock stays below its yearly high

Helmerich & Payne stock was last at USD 39.61 on the NYSE on October 6, 2026. Its 52-week range was USD 21.73 to USD 48.17, leaving the price 17.8 percent below the high.