Goldman Sachs has upgraded Helmerich and Payne Inc (HP) from Sell to Neutral as of November 20, 2025. This shift in rating reflects a more optimistic outlook on the company's future prospects.
Helmerich and Payne, headquartered in Tulsa, Oklahoma, specializes in providing drilling solutions and technologies within the energy sector. The company operates across various segments, including North America Solutions, International Solutions, and Offshore Gulf of Mexico, employing approximately 6,200 full-time staff.
As of the upgrade, HP's stock price stands at $26.38, with a market capitalization of $2.8 billion. The company has faced challenges, as indicated by its trailing twelve months (TTM) earnings per share (EPS) of -0.31 and a notable dividend yield of 367.6%.
Looking ahead, Helmerich and Payne is set to announce its next earnings on August 4, 2026, with analysts estimating an EPS of $0.19 and revenue of $982.4 million. The recent upgrade may indicate improved fundamentals or heightened confidence in the company's strategic direction, as analyst ratings can evolve with new information.
This update provides insight into the changing perceptions of analysts, with HP currently holding a consensus rating of Buy among 26 analysts, including four Strong Buy and eight Buy ratings.