Extremely important negative changes in investment behavior have recently occurred for Helmerich & Payne Inc. (NYSE: HP): negative upside/downside volume developed, and its shorter term price trend turned down.
Meaningful negative changes in fundamentals have recently occurred for Helmerich & Payne Inc. (NYSE: HP): significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
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
Helmerich & Payne has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Helmerich & Payne has a very high Appreciation Score of 86 but a poor Power Rating of 24, and the Neutral Value Trend Rating results.
Recent Price Action
On 12/19/24, Helmerich & Payne Inc. (NYSE: HP) stock declined modestly by -1.0%, closing at $30.30. Moreover, above average trading volume at 127% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -12.0% during the last week.
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