HP Forecast


Bullish Case: HP continues steady dividends, exhibits upside potential with a 54% lesser downside risk, and implied volatilities indicate potential for growth in options markets.


Bearish Case: HP's historical performance shows repetitive negative returns, insider selling hints at lack of confidence, and recent disinvestments suggest continued bearish pressures.


Potential Outcomes: HP price surge due to any positive earnings or undervaluation (30%), bearish continuation from poor historical performance (50%), sideways movement from market equilibrium (20%).


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July 10, 2024


Helmerich & Payne Forecast

HP      Helmerich & Payne











Correlated Assets

Assets that tend to move strongly with HP



OIH Forecast + Options Trading Strategies   OIH  VanEck Vectors Oil Services (0.88)


OXY Forecast + Options Trading Strategies   OXY  Occidental Petroleum (0.81)


CVI Forecast + Options Trading Strategies   CVI  CVR Energy (0.77)


CIVI Forecast + Options Trading Strategies   CIVI  Civitas Resources Inc New (0.77)


PTEN Forecast + Options Trading Strategies   PTEN  Patterson-UTI Energy (0.76)



Uncorrelated Assets

Assets with little price relationship to HP



NOVA Forecast + Options Trading Strategies   NOVA  Sunnova Energy International (-0.0)


WULF Forecast + Options Trading Strategies   WULF  TeraWulf (0.0)


HDB Forecast + Options Trading Strategies   HDB  HDFC (0.0)


FXY Forecast + Options Trading Strategies   FXY  Invesco CurrencyShares Japanese Yen (0.0)


ATI Forecast + Options Trading Strategies   ATI  Allegheny (0.0)



Anticorrelated Assets

Assets that tend to move strongly against HP



IDCC Forecast + Options Trading Strategies   IDCC  Interdigital (-0.62)


TTWO Forecast + Options Trading Strategies   TTWO  Take-Two Interactive Software (-0.62)


AMT Forecast + Options Trading Strategies   AMT  American Tower (-0.63)


SNAP Forecast + Options Trading Strategies   SNAP  Snapchat (-0.71)


PLNT Forecast + Options Trading Strategies   PLNT  Planet Fitness (-0.71)





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