Recent meaningful negative changes in fundamentals have impacted Helmerich & Payne Inc. (NYSE: HP): significant quarterly sales deceleration occurred, the consensus estimate for September, 2024 decreased significantly, and the consensus estimate for September, 2025 decreased significantly.
Helmerich & Payne Inc. (NYSE: HP) suffers from notable negative changes in investment behavior: negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
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 (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Helmerich & Payne has a good Appreciation Score of 84 but a poor Power Rating of 15, leading to the Neutral Value Trend Rating.
Recent Price Action
Helmerich & Payne Inc. (NYSE: HP) stock closed at $34.69 on 6/7/24 after a modest decline of -1.8%. However, trading volume in this decline was below average at 78% of normal. The stock has declined -6.1% during the last week and has been weak relative to the market over the last nine months.
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