---
title: "Helmerich & Payne: Hold Rating Amid Mixed Performance and Cautious Outlook"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/267501981.md"
description: "TD Cowen analyst Marc Bianchi maintains a Hold rating on Helmerich & Payne with a $33.00 price target, citing mixed performance and cautious outlook. The company's recent earnings showed modest margin upside, tempered by startup costs for Saudi reactivations. Guidance suggests flat rig count and decreased margin per day. Citi also holds a $29.00 target, reflecting balanced risks and rewards."
datetime: "2025-11-26T10:45:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/267501981.md)
  - [en](https://longbridge.com/en/news/267501981.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/267501981.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/267501981.md) | [繁體中文](https://longbridge.com/zh-HK/news/267501981.md)


# Helmerich & Payne: Hold Rating Amid Mixed Performance and Cautious Outlook

TD Cowen analyst Marc Bianchi maintained a Hold rating on Helmerich & Payne today and set a price target of $33.00.

### TipRanks Black Friday Sale

-   Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
-   Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off

Marc Bianchi has given his Hold rating due to a combination of factors surrounding Helmerich & Payne’s recent performance and future outlook. The company’s recent earnings report showed a smaller than expected margin beat, with segment results aligning closely with expectations. Although there was a modest upside in NAS margins, it was not as significant as in previous quarters.  
Additionally, while the guidance for the first quarter of 2026 is slightly better than consensus, it includes approximately $12 million in startup costs for Saudi reactivations, which tempers the overall positive outlook. The company’s guidance assumes a flat rig count and a decrease in margin per day, reflecting a conservative approach to performance contract execution. Furthermore, the international margin was at the high end of guidance, and while there are improvements in profitability expected from Saudi operations, the overall outlook remains cautious. These mixed signals contribute to the Hold rating, indicating a balanced view of potential risks and rewards.

In another report released yesterday, Citi also maintained a Hold rating on the stock with a $29.00 price target.

### Related Stocks

- [Helmerich & Payne, Inc. (HP.US)](https://longbridge.com/en/quote/HP.US.md)

## Related News & Research

- [Citigroup Group Ceases to Be Substantial Holder in Predictive Discovery](https://longbridge.com/en/news/280417514.md)
- [ZAWYA: Mawani launches container terminal operations at Jubail Commercial Port](https://longbridge.com/en/news/281382236.md)
- [Saudi IPOs slow as listings drop to eight-year low](https://longbridge.com/en/news/281269797.md)
- [FACTBOX-Some trades ahead of Trump policy moves raise questions](https://longbridge.com/en/news/281058058.md)
- [Genpact: Buy Rated on Strengthening AI-Enabled Growth, Higher-Margin Revenue, and Outcome-Based Scalability](https://longbridge.com/en/news/281067863.md)