Helmerich & Payne Faces New Rig Contract Suspensions

Helmerich & Payne ( (HP) ) has shared an announcement.

On June 10, 2025, Helmerich & Payne announced its executives’ participation in the J.P. Morgan 2025 Energy, Power and Renewables Conference in New York City. The company also provided a market update revealing contract suspensions for nine additional rigs in Saudi Arabia, totaling 26 suspensions. Despite these challenges, H&P remains financially robust and optimistic about long-term synergies from its KCA Deutag acquisition, maintaining strong operations in North America and other markets.

The most recent analyst rating on (HP) stock is a Hold with a $50.00 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 Outperform.

Helmerich & Payne’s undervaluation and commitment to shareholder returns are significant strengths, supported by strong revenue growth and a solid balance sheet. However, bearish technical indicators and challenges in operational efficiency and the International Solutions segment introduce notable risks.

To see Spark’s full report on HP stock, click here.

More about Helmerich & Payne

Founded in 1920, Helmerich & Payne, Inc. is a leader in drilling productivity and reliability, designing and operating high-performance drilling rigs globally. The company focuses on conventional and unconventional plays and develops advanced automation, directional drilling, and survey management technologies.

Average Trading Volume: 1,988,407

Technical Sentiment Signal: Sell

Current Market Cap: $1.88B

Find detailed analytics on HP stock on TipRanks’ Stock Analysis page.