Stock Rating Upgrade
The Value Trend Rating for Helmerich & Payne Inc. (NYSE: HP) rose significantly in recent days from C to A reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 12/1/23, Helmerich & Payne Inc. (NYSE: HP) stock rose modestly by 0.9%, closing at $36.54. Moreover, trading volume in this advance was above average at 136% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -2.6% during the last week.
Current PriceTarget Research Rating
HP is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Helmerich & Payne has a current Value Trend Rating of A (Highest Rating). This VT Rating rose significantly in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Helmerich & Payne has a good Appreciation Score of 81 and a good Power Rating of 81, resulting in the Highest Value Trend Rating.
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