Stock Rating Downgrade
The Value Trend Rating for Helmerich & Payne Inc. (NYSE: HP) weakened of late from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Helmerich & Payne Inc. (NYSE: HP) stock declined modestly by -1.4% on 4/8/24. The stock closed at $43.26. Trading volume in this decline was normal. The stock has been weak relative to the market over the last nine months but has risen 2.9% during the last week.
Current PriceTarget Research Rating
HP’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Helmerich & Payne has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Helmerich & Payne has a good Appreciation Score of 78 but a neutral Power Rating of 46, and the High Neutral Value Trend Rating results.
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