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Price Forecast:




80% Confidence

Bearish   <->   Bullish



Bullish Case: With significant undervaluation and positive sentiment in energy markets, Helmerich & Payne could rally above $35. Favorable upcoming earnings and lower technical resistance create an advantageous setting for bullish traders.



Bearish Case: Potential regulatory challenges and ongoing volatility in oil prices may disrupt recovery, sustaining bearish sentiment. Decreased historical returns raise red flags, pushing HP below $28 if current trends persist.



Potential Outcomes:
  • HP rises to $40 (35% chance) via recovering oil prices.
  • HP drops to $28 (45% chance) amid negative market sentiment.
  • HP stabilizes around $33 (20% chance) if volatility normalizes.



Trading Oracle: Given the current volatility landscape and outlook, consider a bullish debit spread by buying the HP $32.50 call and selling the $35 call with expiration in June. This strategy leverages bullish sentiments and captures upside, targeting a potential return of 135% with a max risk of 50% on the premium spent.


December 19, 2024


Helmerich & Payne Forecast

HP        Helmerich & Payne

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