5 Best Geothermal Stocks to Buy Now

2. Helmerich & Payne, Inc. (NYSE:HP)

On April 15, 2026, Piper Sandler raised its price target on Helmerich & Payne, Inc. (NYSE:HP) to $41 from $40 and maintained an Overweight rating. The firm said oilfield services stocks have recently traded in line with swings in oil prices tied to the U.S./Israel-Iran conflict, while investors are increasingly focused on whether U.S. land activity can sustain momentum. Piper expects that issue to remain a key topic during earnings season, particularly given the lack of a rig activity response so far.

Earlier in April, Susquehanna raised its price target on Helmerich & Payne, Inc. (NYSE:HP) to $42 from $40 and maintained a Positive rating as part of a broader Q1 preview for oilfield services companies. The firm said the Iran conflict has been a significant positive catalyst for commodity prices and energy stocks. While it lowered estimates for companies with Middle East exposure due to disruptions and higher costs, Susquehanna said tighter supply conditions could improve the medium- and long-term outlook for the sector.

Last month, Helmerich & Payne announced leadership changes following Trey Adams’ appointment as President and CEO on March 4, 2026. The company said Kevin Vann, senior vice president and CFO, will retire effective June 30, 2026, and Todd Scruggs, currently vice president of corporate finance and treasury, will succeed him as senior vice president and CFO on July 1. Vann will remain in his current role through June and continue as a senior advisor through the end of the year to support the transition.

Helmerich & Payne, Inc. (NYSE:HP) provides drilling solutions and technologies for oil and gas exploration and production companies.