Bullish Case: HP boasts a solid dividend history and recent positive price momentum, suggesting underlying strength and investor confidence, which could translate into further gains.


Bearish Case: Insider selling, high option implied volatility, and significant long-term historical price declines point to continued uncertainty and potential bearish price action for HP.


Potential Outcomes:

1. Bullish reversal on growing momentum (30%).

2. Bearish continuation due to negative historical performance (45%).

3. Trading range with sideways market equilibrium (25%).


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April 13, 2024


Helmerich & Payne Forecast

HP        Helmerich & Payne
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with HP



XES Forecast + Options Trading Strategies   [XES]  SPDR Series Trust - SPDR Oil & Gas Equipment and Services (0.94)


OIH Forecast + Options Trading Strategies   [OIH]  VanEck Vectors Oil Services (0.93)


GSG Forecast + Options Trading Strategies   [GSG]  BlackRock Institutional Trust Company N.A. - iShares S&P GSCI Commodity-Indexed (0.91)


XOP Forecast + Options Trading Strategies   [XOP]  SPDR Oil & Gas Exploration and Production (0.9)


XLE Forecast + Options Trading Strategies   [XLE]  Energy Select Sector SPDR (0.88)



Uncorrelated Stock Forecasts

Assets with little price relationship to HP



JBT Forecast + Options Trading Strategies   [JBT]  John Bean (-0.0)


TKR Forecast + Options Trading Strategies   [TKR]  Timken (0.0)


JNJ Forecast + Options Trading Strategies   [JNJ]  Johnson & Johnson (-0.0)


SNY Forecast + Options Trading Strategies   [SNY]  Sanofi (-0.0)


AXP Forecast + Options Trading Strategies   [AXP]  American Express (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against HP



LW Forecast + Options Trading Strategies   [LW]  Lamb Weston (-0.71)


CCI Forecast + Options Trading Strategies   [CCI]  Crown Castle International (-0.72)


PLNT Forecast + Options Trading Strategies   [PLNT]  Planet Fitness (-0.72)


TGTX Forecast + Options Trading Strategies   [TGTX]  TG Therapeutics (-0.72)


DRIP Forecast + Options Trading Strategies   [DRIP]  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.86)





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