Morgan Stanley Lifts Price Target on Helmerich & Payne (HP), Keeps Equal Weight Rating

On Wednesday, May 21, Morgan Stanley increased its price target for Helmerich & Payne, Inc. (NYSE:HP) from $25 to $29 but kept an “Equal-Weight” rating.

The firm’s analysts changed their estimates for the company’s revenue and EPS for the fiscal years 2025 and 2026. Morgan Stanley now expects an increase of 3-11% compared to its previous model.

Morgan Stanley Raises Price Target for Helmerich & Payne (HP), Keeps Rating

An offshore drilling rig in the Gulf of Mexico surrounded by a sea of blue.

The analysts also noted that revenue projections for the April and July quarters have improved because of a pull-forward effect as some business was moved forward.

Helmerich & Payne, Inc. (NYSE:HP) is an American company that specializes in oil and gas well drilling and related services for exploration and production companies. The company designs and operates high-performance drilling rigs in conventional and unconventional plays worldwide. Additionally, Helmerich & Payne, Inc. (NYSE:HP) develops advanced automation, directional drilling, and survey management technologies.

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