Industry Adaptation | Learn how HP is navigating the shift towards unconventional gas exploration, balancing traditional strengths against evolving market demands and technological needs |
Strategic Shifts | Explore HP's focus on margin improvement in US operations and its expansion into international markets through the transformative KCA Deutag acquisition |
Financial Flux | Mixed financial performance with revenue growth but volatile EPS projections. Analysts' price targets range from $20 to $40, reflecting market uncertainty |
Drilling Dilemma | Helmerich & Payne faces challenges in Saudi Arabia with rig suspensions, while maintaining a strong presence in the US market and pursuing strategic acquisitions |

Metrics to compare | HP | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipHPPeersSector | |
|---|---|---|---|---|
P/E Ratio | −31.7x | 21.1x | 5.9x | |
PEG Ratio | 0.10 | −0.46 | 0.00 | |
Price / Book | 1.7x | 1.7x | 1.1x | |
Price / LTM Sales | 1.1x | 1.3x | 1.5x | |
Upside (Analyst Target) | −0.1% | 1.0% | 21.1% | |
Fair Value Upside | Unlock | 15.2% | 6.6% | Unlock |
Helmerich & Payne, Inc., together with its subsidiaries, provides drilling solutions and technologies for oil and gas exploration and production companies. The company operates through North America Solutions, Offshore Solutions, and International Solutions segments. The North America Solutions segment conducts operations primarily in Texas. The Offshore Solutions segment has drilling operations in Louisiana and in U.S. federal waters the North Sea and Norwegian Sea off the coast of Norway, Caspian Sea and other international waters. The International Solutions segment conducts drilling operations in Saudi Arabia, Argentina, Bahrain, Oman, Germany, and Kuwait. The company focuses on developing, promoting, and commercializing technologies designed to enhance the drilling operations, as well as wellbore quality and placement. It also owns and operates commercial real estate properties. In addition, the company’s real estate investments include a shopping center. Helmerich & Payne, Inc. was founded in 1920 and is headquartered in Tulsa, Oklahoma.