HP

Helmerich PayneC

NYSE / Energy

At close

2026-06-02

Current thesis

HP outperforms if North American onshore dayrates and utilization recover materially and the company executes fleet modernization with margin expansion. Stronger-than-expected contract wins and continued cost control would drive above-consensus cash flow and justify upside to the bull target.

Posture

Mixed

Lead driver

Momentum

What changed

2 setup hits (3d) with net bullish as of 2026-06-03.

What can break

Commodity-price-driven capex cuts among customers

Momentum

Value

Sentiment

Setup hits (3d)

2 · Net Bullish

AI TargetsBase $33.00 · Bull $45.00 · Bear $22.00

Data freshness

Prices

As of 2026-06-02

Fundamentals

As of 2026-06-01 • Vendor: Data Vendor v1

Scores

As of 2026-06-02 • Model: HYBRID_IC_RP

AI Memo

As of 2026-02-08 • Model: RankAlpha Sentiment AI

Investment thesis

As of 2026-06-02

Supporting evidence

What

Grade C · Mixed

Confidence Medium · Net Bullish

Target $37.21

Why

Momentum66 · Δ7d +6.8

Value55 · Δ7d -0.3

Sentiment45 · Δ7d +4.3

So what

Balanced signals (Net Bullish). Wait for confirmation before sizing up.

Lead driver: Momentum · See technicals

Momentum

34% active weight

Current posture

7d trendSoftening

Δ7d

+6.8

Δ21d

-5.1

Value

32% active weight

Current posture

7d trendFlat

Δ7d

-0.3

Δ21d

-0.9

Sentiment

33% active weight

Current posture

7d trendImproving

Δ7d

+4.3

Δ21d

+5.6

Why this grade

Composite grade C. Momentum 66.5 / Value 54.6 / Sentiment 45.0

Fundamentals (TTM)

As of 2026-06-01

Market Cap

$3.92B

Beta

0.56

Shares Out

98.45M

P/E (TTM) · Derived

50.7

P/S (TTM)

0.82

P/FCF (TTM)

193.70

Rev YoY

+45.8%

EPS YoY

-177.0%

Gross Margin

+31.4%

Op Margin

+0.1%

Net Debt

$1.85B

Current Ratio

1.80

As of 2026-06-02 • Updated nightlySource: Internal modelMethodology