Helmerich & Payne HP has been analyzed by 6 analysts in the last three months, revealing a diverse range of perspectives 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 | 3 | 0 | 1 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 2 | 0 | 1 |
| 2M Ago | 0 | 1 | 0 | 0 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
Analysts have recently evaluated Helmerich & Payne and provided 12-month price targets. The average target is $43.17, accompanied by a high estimate of $50.00 and a low estimate of $33.00. Highlighting a 6.82% decrease, the current average has fallen from the previous average price target of $46.33.
Analyzing Analyst Ratings: A Detailed Breakdown
The standing of Helmerich & Payne among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below 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 |
|---|---|---|---|---|---|
| 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 |
| Charles Minervino | Susquehanna | Lowers | Positive | $50.00 | $53.00 |
| Luke Lemoine | Piper Sandler | Lowers | Overweight | $47.00 | $51.00 |
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: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Helmerich & Payne compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Helmerich & Payne's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Helmerich & Payne's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Helmerich & Payne analyst ratings.
Discovering Helmerich & Payne: A Closer Look
Helmerich & Payne has the largest fleet of U.S. land drilling rigs. 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.
Helmerich & Payne: Financial Performance Dissected
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 been noteworthy. As of 30 September, 2023, the company achieved a revenue growth rate of approximately 4.48%. This indicates a substantial increase in the company's 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 financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 10.88%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 2.62%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Helmerich & Payne's ROA excels beyond industry benchmarks, reaching 1.65%. This signifies efficient management of assets and strong financial health.
Debt Management: Helmerich & Payne's debt-to-equity ratio is below the industry average at 0.22, reflecting a lower dependency on debt financing and a more conservative financial approach.
How Are Analyst Ratings Determined?
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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