At the time of writing, Helmerich & Payne, Inc. [HP] stock is trading at $43.26, down -1.44%. An important factor to consider is whether the stock is rising or falling in short-term value. The HP shares have gain 2.44% over the last week, with a monthly amount glided 9.13%, and seem to be holding up well over a long-time horizon.
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On 2, April 2024, Helmerich & Payne, Inc. Announces Fiscal Second Quarter 2024 Conference Call and Webcast. In a post published today on Yahoo Finance, In conjunction with Helmerich & Payne, Inc.’s (NYSE: HP) second quarter 2024 earnings release, you are invited to listen to its conference call on Thursday, April 25, 2024, at 11:00 a.m. (ET) with John Lindsay, President and CEO, Mark Smith, Senior Vice President and CFO, and Dave Wilson, Vice President of Investor Relations. Investors may listen to the conference call either by phone or audio webcast.
From an analyst’s perspective:
Helmerich & Payne, Inc. [NYSE: HP] stock has seen the most recent analyst activity on January 16, 2024, when The Benchmark Company downgraded its rating to a Hold. Previously, Barclays downgraded its rating to Equal Weight on January 10, 2024, and dropped its price target to $40. On January 08, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $41 on the stock. Seaport Research Partners downgraded its rating to a Neutral. The Benchmark Company upgraded its rating to a Buy. RBC Capital Mkts downgraded its rating to Sector Perform for this stock on July 10, 2023, and downed its price target to $45. In a note dated June 28, 2023, CapitalOne initiated an Equal Weight rating and provided a target price of $40 on this stock.
For the past year, the stock price of Helmerich & Payne, Inc. fluctuated between $29.73 and $46.13. Currently, Wall Street analysts expect the stock to reach $52.4 within the next 12 months. Helmerich & Payne, Inc. [NYSE: HP] shares were valued at $43.26 at the most recent close of the market. An investor can expect a potential return of 21.13% based on the average HP price forecast.
Analyzing the HP fundamentals
According to Helmerich & Payne, Inc. [NYSE:HP], the company’s sales were 2.83B for trailing twelve months, which represents an -5.90% plunge. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.16 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.2.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 42.89 points at the first support level, and at 42.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.87, and for the 2nd resistance point, it is at 44.48.
Helmerich & Payne, Inc. [HP] reported earnings per share of $0.97 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.72/share, meaning a difference of $0.25 and a surprise factor of 34.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.69 per share as compared to estimates of $0.75 per share, a difference of -$0.06 representing a surprise of -8.00%.
Ratios To Look Out For
It is important to note that Helmerich & Payne, Inc. [NYSE:HP] has a current ratio of 2.11. On the other hand, the Quick Ratio is 1.89, and the Cash Ratio is 0.46. Considering the valuation of this stock, the price to sales ratio is 1.51, the price to book ratio is 1.55 and price to earnings (TTM) ratio is 10.34.
Transactions by insiders
Recent insider trading involved Lennox Michael, SVP, US LAND OPS, DRILLING SUB, that happened on Mar 01 ’24 when 2324.0 shares were sold. SVP, US LAND OPS, DRILLING SUB, Lennox Michael completed a deal on Feb 29 ’24 to sell 10176.0 shares. Meanwhile, Director HELMERICH HANS sold 74373.0 shares on Sep 27 ’23.
