What Analysts Are Saying About Helmerich & Payne Stock

In the last three months, 6 analysts have published ratings on Helmerich & Payne HP, offering a diverse range of perspectives from bullish to bearish.

The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.

Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $47.67, a high estimate of $52.00, and a low estimate of $42.00. Observing a 5.0% increase, the current average has risen from the previous average price target of $45.40.

Investigating Analyst Ratings: An Elaborate Study

An in-depth analysis of recent analyst actions unveils how financial experts perceive Helmerich & Payne. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Helmerich & Payne. This information offers a snapshot of how analysts perceive the current state of the company.
• Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Helmerich & Payne compared to the broader market.
• Price Targets: Understanding forecasts, analysts offer estimates for Helmerich & Payne's future value. Examining the current and prior targets provides insight into analysts' changing expectations.

Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Helmerich & Payne's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.

Stay up to date on Helmerich & Payne analyst ratings.

Delving into Helmerich & Payne's Background

Helmerich & Payne maintains one of the largest fleets of land drilling rigs in the U.S. The company's FlexRig line is the leading choice to drill horizontal wells for production of U.S. tight oil and gas. H&P is present in nearly every major U.S. shale play and also has a small but growing presence internationally.

A Deep Dive into Helmerich & Payne's Financials

Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.

Revenue Growth: Helmerich & Payne's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately -5.9%. This indicates a decrease in the company's top-line earnings. When compared to others in the Energy sector, the company faces challenges, achieving a growth rate lower than the average among peers.

Net Margin: Helmerich & Payne's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 13.87%, the company may face hurdles in effective cost management.

Return on Equity (ROE): Helmerich & Payne's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 3.4%, the company may face hurdles in achieving optimal financial returns.

Return on Assets (ROA): Helmerich & Payne's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.13% ROA, the company effectively utilizes its assets for optimal returns.

Debt Management: Helmerich & Payne's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.2.

Analyst Ratings: What Are They?

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

This article was generated by Benzinga's automated content engine and reviewed by an editor.