Helmerich and Payne (HP) Stock News

Barclays increased its price target for Helmerich & Payne from $50.00 to $51.00 per share.

HP expects Q4 direct margins at or near high end of guidance, International Solutions margins ~$45M, rig counts near guidance ranges, constructive FY2027 outlook, and expansion of FlexRobotics with ExxonMobil.

ExxonMobil expanding use of Helmerich & Payne drilling technology.

Helmerich & Payne expects to deploy seven additional FlexRobotics systems for ExxonMobil over the next 12 months, according to a company statement.

Helmerich & Payne expects to report strong Q4 results with direct margins at or near the high end of guidance for all segments. North America Solutions average rig count near high-end, International near midpoint, Offshore near midpoint. International Solutions direct margins around $45M. Company maintains constructive outlook for fiscal 2027 with expectation of stronger overall direct margins. Targeting ~1x net debt to adjusted EBITDA by calendar year-end 2027.