27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
During the last three months, 7 analysts shared their evaluations of Helmerich & Payne (NYSE:HP), revealing diverse outlooks from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 2 | 4 | 0 | 1 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 1 | 1 | 0 | 0 |
| 3M Ago | 0 | 0 | 3 | 0 | 1 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $43.71, a high estimate of $50.00, and a low estimate of $33.00. This current average has decreased by 1.04% from the previous average price target of $44.17.
Diving into Analyst Ratings: An In-Depth Exploration
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.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Charles Minervino | Susquehanna | Maintains | Positive | $50.00 | $50.00 |
| Ian Macpherson | Piper Sandler | Raises | Neutral | $44.00 | $41.00 |
| Charles Minervino | Susquehanna | Maintains | Positive | $50.00 | - |
| Keith Mackey | RBC Capital | Raises | Sector Perform | $48.00 | $46.00 |
| Neil Mehta | Goldman Sachs | Lowers | Sell | $33.00 | $37.00 |
| David Anderson | Barclays | Lowers | Equal-Weight | $40.00 | $44.00 |
| Ian Macpherson | Piper Sandler | Lowers | Neutral | $41.00 | $47.00 |
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: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey 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: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Negative Revenue Trend: Examining Helmerich & Payne's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -5.9% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Energy sector.
Net Margin: Helmerich & Payne's net margin is below industry averages, indicating potential challenges in maintaining 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 stands out, surpassing industry averages. With an impressive ROE of 3.4%, the company demonstrates effective use of equity capital and strong financial performance.
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: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.2.
The Basics of 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.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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