Stock Rating Downgrade
The Value Trend Rating for Helmerich & Payne Inc. (NYSE: HP) weakened in recent days 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 rose slightly by 0.3% on 8/9/24. The stock closed at $34.82. NORMAL trading volume accompanied the advance. The stock has performed in line with the market over the last nine months and has declined -9.6% 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 contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Helmerich & Payne has a good Appreciation Score of 84 but a slightly negative Power Rating of 32, and the High Neutral Value Trend Rating results.
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