Helmerich & Payne (HP)

• Market cap: $3.59B
• 1 day: -0.87%
• 5 days: 5.17%
• 1 month: 11.46%
• 3 months: 4.39%
• 6 months: -11.63%
• Year to date: 9.84%
• 1 year: 11.19%
• 5 years: -19.39%
• 10 years: -41.16%
• Sector: Energy
• Industry: Drilling Oil & Gas Wells

About: Helmerich & Payne maintains one of the largest fleets of land drilling rigs in the US. The company's FlexRig line is the leading choice to drill horizontal wells for production of US tight oil and gas. H&P is present in nearly every major US shale play and has a small but growing presence internationally.

Employees: 6,200

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

6% more first-time investments, than exits

New positions opened: 56 | Existing positions closed: 53

0% less funds holding

Funds holding: 383 [Q2] → 382 (-1) [Q3]

6% less repeat investments, than reductions

Existing positions increased: 129 | Existing positions reduced: 137

2.64% less ownership

Funds ownership: 109.75% [Q2] → 107.1% (-2.64%) [Q3]

18% less capital invested

Capital invested by funds: $3.92B [Q2] → $3.22B (-$691M) [Q3]

77% less call options, than puts

Call options by funds: $10.1M | Put options by funds: $44.5M

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $36 1% downside
• Avg. target: $39 7% upside
• High target: $41 13% upside

4 analyst ratings

• positive: 1 25%
• neutral: 3 75%
• negative: 0 0%

Evercore ISI Group James West 50% 1-year accuracy 19 / 38 met price target	7% upside $39	In-Line Downgraded	15 Jan 2025
Citigroup Scott Gruber 53% 1-year accuracy 36 / 68 met price target	10% upside $40	Buy Upgraded	10 Jan 2025
Barclays David Anderson 43% 1-year accuracy 34 / 80 met price target	1% downside $36	Equal-Weight Maintained	20 Nov 2024
RBC Capital Keith Mackey 57% 1-year accuracy 13 / 23 met price target	13% upside $41	Sector Perform Maintained	15 Nov 2024