Helmerick & Payne: Analysts See 22% Upside Potential


Nov. 20 2020, Updated 4:59 p.m. ET

Upside potential for Helmerich & Payne

As we discussed in the first part of this series, Helmerich & Payne (HP) has the lowest upside potential among the oilfield services stocks that we’re discussing in this series. Based on the mean target price, Helmerich & Payne has an upside potential of ~22% compared to an upside potential of more than 50% for Halliburton (HAL), TechnipFMC (FTI), Baker Hughes (BHGE), and Schlumberger (SLB)—based on their respective mean target prices.

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Analysts’ recommendations

Among the 27 analysts surveyed by Reuters covering Helmerich & Payne, four rated it as a “strong buy,” six rated it as a “buy,” ten rated it as a “hold,” six rated it as a “sell,” and one rated it as a “strong sell.” The mean target price for Helmerich & Payne is $70.7, which implies an upside potential of ~22% from its current price.

The above graph shows how analysts’ recommendations and mean target price for Helmerich & Payne have changed over 12 months. Currently, more analysts rate the stock as a “buy” than a year ago. The mean target price has also risen during this period. Helmerich & Payne stock has fallen ~11% year-to-date and has outperformed its peers.

On October 29, BMO raised its rating for Helmerich & Payne from “underperform” to “market perform.”

Moving averages

Helmerich & Payne stock fell below its 50-day and 200-day moving averages in October. The two averages might act as a resistance for the stock in the near term. For a deeper analysis of the company and its performance, read Analyzing Helmerich & Payne’s Performance and Prospects.

For the latest coverage on the energy sector, visit Market Realist’s Energy and Power page.


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