BofA Raises its Price Target on Helmerich & Payne (HP)

Helmerich & Payne, Inc. (NYSE:HP) is one of the 8 Best Natural Resources Stocks to Buy Now.

On May 19, 2026, BofA analyst Saurabh Pant raised the firm’s price target on Helmerich & Payne, Inc. (NYSE:HP) to $44 from $41 and maintained a Buy rating on the shares. Pant said BofA updated its oilfield services models following Q1 earnings and 10-Q reports, noting that the firm’s 2027 and 2028 EBITDA forecasts are 10% and 16% above consensus, respectively, on average.

Piper Sandler analyst Derek Podhaizer also raised the firm’s price target on Helmerich & Payne, Inc. (NYSE:HP) to $43 from $41 and maintained an Overweight rating on the shares. Podhaizer said the Energy Security theme dominated management commentary during Q1 earnings season, while Piper Sandler noted that the group setup remains positive as U.S. Land, International, and Offshore activity continue moving in the right direction.

BofA Raises its Price Target on Helmerich & Payne (HP)

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Earlier in May, Helmerich & Payne, Inc. (NYSE:HP) reported Q1 EPS of (38c), compared to the consensus estimate of (2c). Revenue totaled $932M, versus the consensus estimate of $949.64M. President and CEO Trey Adams said H&P delivered “solid operational performance,” reflecting the resilience of its core business and disciplined execution.

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

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