Citi Cuts Helmerich & Payne Price Target to $36, Maintains Neutral Rating

Insider Monkey·6 Jul 2026·Read original

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Summary · why it matters

Citi lowered its price target on Helmerich & Payne to $36 from $38 while reaffirming a Neutral rating. The firm told investors that land drillers are at a crossroads, with momentum expected in fiscal Q3 but improvement beyond that at risk as the 2027 oil strip recently fell toward $66. Separately, Goldman Sachs raised its target on the stock to $41 from $35 on June 4, also keeping a Neutral rating, citing incremental improvements in oilfield activity and unique opportunities in oilfield service stocks.

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