Helmerich & Payne, Inc. [HP] stock is trading at $39.28, up 2.19%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The HP shares have gain 3.83% over the last week, with a monthly amount drifted -8.65%, and not seem to be holding up well over a long-time horizon.
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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.
Helmerich & Payne, Inc. [HP] stock has fluctuated between $29.73 and $46.13 over the past year. Currently, Wall Street analysts expect the stock to reach $51 within the next 12 months. Helmerich & Payne, Inc. [NYSE: HP] shares were valued at $39.28 at the most recent close of the market. An investor can expect a potential return of 29.84% based on the average HP price forecast.
Analyzing the HP fundamentals
Helmerich & Payne, Inc. [NYSE:HP] reported sales of 2.75B for the trailing twelve months, which represents a drop of -10.57%. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.13 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.19.
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 38.71 points at the first support level, and at 38.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.66, and for the 2nd resistance point, it is at 40.05.
Helmerich & Payne, Inc. [HP] reported earnings per share of $0.84 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.85/share, meaning a difference of -$0.01 and a surprise factor of -1.20%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $0.97 per share as compared to estimates of $0.72 per share, a difference of $0.25 representing a surprise of 34.70%.
Ratios To Look Out For
For context, Helmerich & Payne, Inc.’s Current Ratio is 2.16. As well, the Quick Ratio is 1.92, while the Cash Ratio is 0.6. Considering the valuation of this stock, the price to sales ratio is 1.41, the price to book ratio is 1.38 and price to earnings (TTM) ratio is 11.29.
Transactions by insiders
Recent insider trading involved Smith Mark W., SENIOR VP AND CFO, that happened on Apr 29 ’24 when 16000.0 shares were sold. SVP, CORP. SERVICES & CLO, Hair Cara M. completed a deal on Apr 29 ’24 to sell 9910.0 shares. Meanwhile, SVP, US LAND OPS, DRILLING SUB Lennox Michael sold 2324.0 shares on Mar 01 ’24.
