Stock Rating Downgrade
The Value Trend Rating for Helmerich & Payne Inc. (NYSE: HP) weakened in the last week 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 closed at $38.21 on 5/1/24 after a decline of -2.8%. This decline was accompanied by normal trading volume. The stock has declined -9.7% during the last week and has been weak relative to the market over the last nine months.
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 C (High Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Helmerich & Payne has a good Appreciation Score of 81 but a slightly negative Power Rating of 36, leading to the High Neutral Value Trend Rating.
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