Bank of America Securities Reaffirms Their Buy Rating on Helmerich & Payne (HP)

Bank of America Securities analyst Saurabh Pant maintained a Buy rating on Helmerich & Payne today and set a price target of $40.00.

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Pant covers the Energy sector, focusing on stocks such as Schlumberger, Patterson-UTI, and Baker Hughes Company. According to TipRanks, Pant has an average return of 11.8% and a 59.31% success rate on recommended stocks.

In addition to Bank of America Securities, Helmerich & Payne also received a Buy from Piper Sandler’s Derek Podhaizer in a report issued yesterday. However, on July 6, RBC Capital maintained a Hold rating on Helmerich & Payne (NYSE: HP).

Based on Helmerich & Payne’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $932.36 million and a GAAP net loss of $58.61 million. In comparison, last year the company earned a revenue of $1.02 billion and had a net profit of $1.65 million

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HP in relation to earlier this year. Most recently, in May 2026, Cara Hair, the SVP, CORP. SERVICES & CLO of HP sold 28,345.00 shares for a total of $1,174,900.25.