Deep Dive Into Helmerich & Payne Stock: Analyst Perspectives (7 Ratings)

Analysts' ratings for Helmerich & Payne HP over the last quarter vary from bullish to bearish, as provided by 7 analysts.

The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.

In the assessment of 12-month price targets, analysts unveil insights for Helmerich & Payne, presenting an average target of $43.71, a high estimate of $50.00, and a low estimate of $33.00. A 2.15% drop is evident in the current average compared to the previous average price target of $44.67.

Analyzing Analyst Ratings: A Detailed Breakdown

The standing of Helmerich & Payne among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Helmerich & Payne. This information provides a snapshot of how analysts perceive the current state of the company.
• Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Helmerich & Payne compared to the broader market.
• Price Targets: Gaining insights, analysts provide estimates for the future value of Helmerich & Payne's stock. This comparison reveals trends in analysts' expectations over time.

To gain a panoramic view of Helmerich & Payne's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.

Stay up to date on Helmerich & Payne analyst ratings.

Get to Know Helmerich & Payne Better

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.

Breaking Down Helmerich & Payne's Financial Performance

Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.

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 excels beyond industry benchmarks, reaching 13.87%. This signifies efficient cost management and strong financial health.

Return on Equity (ROE): Helmerich & Payne's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.4% ROE, the company effectively utilizes shareholder equity capital.

Return on Assets (ROA): Helmerich & Payne's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.13%, the company showcases efficient use of assets and strong financial health.

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

What Are Analyst Ratings?

Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.

Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.

In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.

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