Currently, Helmerich & Payne, Inc [HP] is trading at $34.70, up 2.91%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The HP shares have gain 4.17% over the last week, with a monthly amount drifted -2.06%, 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.
This stock has fluctuated between a low of $29.46 and a high of $43.70 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $49.55 within the next 12 months. Helmerich & Payne, Inc [NYSE: HP] shares were valued at $34.70 at the most recent close of the market. An investor can expect a potential return of 42.8% based on the average HP price forecast.
Analyzing the HP fundamentals
Trailing Twelve Months sales for Helmerich & Payne, Inc [NYSE:HP] were 2.72B which represents -3.62% decline. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.16%, 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 0.12 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.19.
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 33.84 points at the first support level, and at 32.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.28, and for the 2nd resistance point, it is at 35.85.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Helmerich & Payne, Inc [NYSE:HP] is 2.12. Further, the Quick Ratio stands at 1.87, while the Cash Ratio is 0.62. Considering the valuation of this stock, the price to sales ratio is 1.26, the price to book ratio is 1.20 and price to earnings (TTM) ratio is 10.10.
Transactions by insiders
Recent insider trading involved Vann J Kevin, SENIOR VP AND CFO, that happened on Sep 27 ’24 when 3300.0 shares were purchased. SENIOR VP AND CFO, Smith Mark W. completed a deal on Apr 29 ’24 to sell 16000.0 shares. Meanwhile, SVP, CORP. SERVICES & CLO Hair Cara M. sold 9910.0 shares on Apr 29 ’24.
