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An announcement from Helmerich & Payne ( (HP) ) is now available.
Helmerich & Payne announced on March 16, 2026 that Senior Vice President and Chief Financial Officer Kevin Vann will retire from his CFO role effective June 30, 2026, after helping steer the company through key transactions such as the KCA Deutag acquisition and subsequent integration. He will remain as a non‑executive senior adviser through December 31, 2026 under a transition agreement that keeps him on salary, provides a one‑time bonus in lieu of a 2026 incentive award, and maintains vesting of outstanding equity awards, with customary release, non‑solicitation and non‑disparagement covenants.
The board has appointed Vice President, Corporate Finance and Treasurer Todd Scruggs as Senior Vice President and Chief Financial Officer effective July 1, 2026, a move aligned with new CEO Trey Adams’ efforts to shape his leadership team and support H&P’s strategic priorities. Scruggs’ elevation, supported by his extensive energy‑sector finance and transaction experience and his role in strengthening H&P’s capital allocation, treasury and FP&A practices since 2024, signals continuity in financial strategy and disciplined capital management as the company continues deleveraging and integration efforts, with no other named executive officer changes announced beyond the CFO transition.
The most recent analyst rating on (HP) stock is a Hold with a $36.00 price target. To see the full list of analyst forecasts on Helmerich & Payne stock, see the HP Stock Forecast page.
Spark’s Take on HP Stock
According to Spark, TipRanks’ AI Analyst, HP is a Neutral.
The score is held back primarily by weakened financial performance (TTM net loss and higher leverage), partially offset by resilient operating/free cash flow. Technicals are a notable positive with a strong longer-term uptrend and neutral momentum. Earnings call tone and guidance add support through strong free cash flow, liquidity, and deleveraging progress, while valuation is constrained by negative earnings despite a moderate dividend yield.
To see Spark’s full report on HP stock, click here.
More about Helmerich & Payne
Helmerich & Payne, Inc. is a century‑old contract drilling company that designs, fabricates and operates high‑performance land and offshore drilling rigs, with a fleet spanning U.S. and international markets plus offshore platform rigs and labor contracts. Through its subsidiaries it also develops advanced automation, directional drilling and survey management technologies to boost drilling productivity and reliability for energy customers worldwide.
Average Trading Volume: 1,667,712
Technical Sentiment Signal: Buy
Current Market Cap: $3.56B
See more insights into HP stock on TipRanks’ Stock Analysis page.